Fund Management Officer at PalmPay Limited

PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.

We are recruiting to fill the position below:

Job Title: Fund Management Officer

Location: Ikeja, Lagos

Position Overview

• We are seeking a highly skilled and detail-oriented Fund Management Officer to join our team.
• The Fund Management Officer will be  responsible for overseeing and managing the organization’s financial resources, ensuring effective fund allocation, and maintaining compliance with financial policies and regulations.
• This role involves coordinating investment activities, monitoring fund performance, and providing strategic advice to maximize returns while minimizing risks.
• The ideal candidate will have strong analytical skills, a deep understanding of financial markets, and the ability to develop and maintain relationships with stakeholders

Responsibilities

• Monitoring, controlling, and optimizing company's cash to ensure that all channels and products are adequately funded for smooth transaction processing.
• Reconciliation of all our bank statements and investigating and resolving all open / pending items
• Measure the accuracy of cash flow forecast (expected settlement inflow & expected channels cash consumption) against actual results.
• Evaluate the cost of acquiring funds for operations. Lowering the cost while maintaining adequate liquidity.
• Track the time it takes to for different products to receive settlement and prioritize channels with a shorter cash conversion cycle.
• Assess the effectiveness of risk management strategies and mitigating risk such as liquidity risks and interest rate risk.
• Monitor the level of cash funded in our various channels to ensure it's neither excessive, leading to opportunity cost, nor insufficient, resulting in liquidity shortages.
• Engagement with banking partners for support and resolution of issues with payments processing.
• Ensure compliance with regulatory requirements, internal controls, policies, and procedures.
• Maintain record and track our financial instruments with other banks such as fixed deposits and call deposits.

Requirements

• A Bachelor's Degree or its equivalent
• At least 3 years in Digital Financial Services or banking industry experience
• Experience with electronic payment systems
• In-depth knowledge of payment processing- gateways
• Organization and Time management skills
• Excellent communication skills and interpersonal skills.

Application Closing Date
Not Specified.