Finance Specialist at Banffpay Limited

Banffpay Limited is a fast-growing fintech company dedicated to transforming financial services in emerging markets with focus on Africa and operations in North America. We are committed to providing innovative, reliable, and user-centric financial solutions

We are recruiting to fill the position below:

Job Title: Finance Specialist

Location: Lagos
Employment Type: Full-time
Department: Finance

Job Summary

• We are seeking a detail-oriented and analytical Finance Specialist with a strong background in the financial services industry.
• The ideal candidate will have expertise in reconciliations, accounts payable and receivable, balance sheet management, and a solid understanding of IFRS accounting standards.
• This role requires a proactive and organized individual who can handle financial reporting, analysis, and ensure accurate record-keeping for our growing fintech company.

Key Responsibilities
Financial Reconciliation:

• Perform regular reconciliations of bank statements, accounts payable and receivable, and ensure consistency between financial systems and records.
• Investigate and resolve discrepancies in account balances and transaction records.

Accounts Payable and Receivable:

• Oversee accounts payable processes, including invoice verification, payment processing, and vendor management.
• Manage accounts receivable, monitor outstanding balances, and follow up on overdue payments.
• Coordinate with internal teams to streamline payment and collection processes.

Balance Sheet Management:

• Monitor and maintain accurate balance sheet records, ensuring that all assets, liabilities, and equity accounts are accurately reflected.
• Perform monthly, quarterly, and annual closing activities to prepare and maintain the balance sheet.
• Assist in preparing balance sheet variance analysis and reporting to management.

IFRS Accounting Standards Compliance:

• Apply International Financial Reporting Standards (IFRS) in financial reporting and ensure all accounting activities adhere to IFRS guidelines.
• Stay updated on relevant IFRS changes and provide recommendations for compliance.

Financial Reporting and Analysis:

• Prepare financial statements, management reports, and analysis to support decision-making.
• Provide insights into financial performance, including revenue, expenses, and profit analysis.
• Contribute to budget preparation, forecasting, and financial planning.

Internal Controls and Audit Support:

• Ensure compliance with internal controls, policies, and procedures to safeguard the company’s assets.
• Support internal and external audit processes by providing documentation and resolving audit queries.

Requirements

• Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field. CPA, ACCA, or CFA certification is a plus.
• Experience: 2-6 years of experience in finance or accounting, with a preference for candidates with experience in the financial services or fintech industry.

Technical Skills:

• Accounting Standards: Strong understanding of IFRS accounting standards.
• Reconciliation Expertise: Proficiency in performing bank reconciliations, managing accounts payable and receivable, and balance sheet reconciliations.
• Software Proficiency: Familiarity with accounting software (e.g., QuickBooks, SAP, Oracle) and advanced Excel skills.
• Analytical Skills: Strong analytical skills to interpret financial data and provide actionable insights.
• Attention to Detail: High level of accuracy and thoroughness in financial record-keeping and reporting.

Preferred Qualifications:

• Prior experience in the fintech or financial services industry.
• Familiarity with regulatory and compliance requirements specific to the financial services sector.
• Strong communication and interpersonal skills for working effectively with cross-functional teams.

Benefits

• Competitive salary and performance-based incentives.
• Opportunities for professional development and career growth.
• Inclusive and collaborative work environment.

Application Closing Date
Not Specified.