Financial Operations Manager at Lidya

Lidya is the future of finance for small businesses in frontier markets. Our goal is to help great business owners access financing and build a credit score through an easy and inspiring lending process. Lidya is currently live in Nigeria and is using world-class technology to help small businesses invoice customers, access credit, and build credit scores to grow their businesses.

Lidya is founded by Tunde Kehinde, the former Managing Director of Jumia Nigeria, the largest eCommerce platform in West Africa and Ercin Eksin, the former Chief Operating Officer of Jumia Africa responsible for operations in 6 of the largest economies in Africa. Tunde and Ercin also co-founded Africa Courier Express, the largest direct-to-consumer delivery provider in Nigeria. Tunde and Ercin attended Harvard Business School and the University of Chicago-Booth, respectively for their MBAs.

We are recruiting to fill the position below:

Job Title: Financial Operations Manager

Location: Lagos

Job Description

• The Financial Operations Manager position reports directly into senior management, managing the day-to-day treasury activities to meet the financial obligations of the organization related to cash flow, debt and capital management and preparing expense and earnings forecasts.
• Successful Financial Operations Managers are determined leaders, analytic thinkers, and excellent problem solvers.
• They are adept at considering multiple possible outcomes to determine the best course of action, and thrive in a fast-paced, team-based environment.

Key Duties and Responsibilities

• Proactively Manage Liquidity. A critical part of this role involves managing Lidya’s cash. This includes ensuring adequate liquidity so that there’s never a shortage of cash, determining how much cash is available for use and forecasting both short and long-term cash levels.
• Provide reports and reconciliations related to cash flows and transactions
• Oversee Lidya’s cash position and cash flow forecast
• Maintain appropriate capital levels for operating needs, including foreign exchange exposure
• Manage Banking Relationships. Lidya’s bank partners are integral to its business model and this role will be the day-to-day contact for our banking relationships.
• Ensure frictionless and timely cash borrowings and deposits and cash disbursements processes
• Oversee bank reporting and deposit and disbursement transaction verifications
• Managing online banking access and authorizations
• Analyze bank fees and charges
• Perform Analyses and Make Recommendations. This role will be an essential contributor to effective data-driven management decision-making and supporter of Lidya’s continuing efforts to improve efficiency. The Financial Operations Manager will partner with stakeholders and synthesize and distill insights to ensure they understand the benefits and costs of a given financial decision and are aware of alternatives they might be better off choosing.
• Maintain, enhance, streamline and automate treasury-related processes and ensure they are scalable
• Develop, analyze and report on treasury KPIs, including flow of funds, rates of return, capital efficiency and liquidity
• Support financial and analytical modeling, including revenue, cost of revenue, expense, profitability and financial position projections
• Develop, and ensure conformity with, compliance and treasury controls, including reconciliations of cash flows and segregation of duties

Desired Qualifications and Skillset

• Bachelor's Degree in Accounting, Finance or a related field (MBA or advanced certification is a plus).
• 7 years+ of experience (preferably commercial) working in financial services or in a progressively senior role in finance. Demonstrated experience developing, implementing, and monitoring of financial processes and controls, including process improvement and systems implementation, preparing monthly accounts, forecasts, and management information to deadlines.
• Substantial relevant professional experience within a finance function, providing and presenting insightful financial information and commercial analysis to influence leaders across an organization. Working knowledge of the entire underwriting process from loan application to funds disbursement and collections is a plus. Experience managing a treasury function including understanding of treasury accounting including FX, liquidity, cashflow and various financial instruments is a plus.
• Results-oriented, strategic thinker and planner. Ability to lead by example and demonstrate a strong sense of integrity, ethics, and dependability. Unafraid to work with and make sense of large amounts of data. Analytical and process-minded with the ability to evaluate, design, re-engineer and implement process improvements, leveraging technology whenever possible. Forward-looking with a growth mindset that’s based on recognizing the importance of understanding backward-looking results. Ability to navigate through ambiguity to drive results.

Application Closing Date
Not Specified.