Founders Factory Africa (FFA) is a pan-African company investing in transformative early-stage ventures, from founders with an idea to ventures raising a Seed round.
We are recruiting to fill the position below:
Job Title: Portfolio Finance Business Partner
Location: Lagos
Employment Type: Full-time
Job Description
- We are looking for a Finance Business Partner to join our rapidly growing company.
- The ideal candidate must have experience in working with startups, managing multiple sets of accounts and currencies, understanding financial and portfolio reporting, tax returns and payroll, and have a solid understanding of financial control.
- The candidate is required to be highly organised, process driven with great attention to detail. The candidate must also be able to work in a fast-paced environment.
- The candidate will be responsible for managing the performance of service providers such as the tax firms providing support in the various jurisdictions we operate in.
- This role will report to the Financial Manager and will provide support in all finance matters.
Responsibilities
- The main responsibilities of the Finance Business Partner will include providing financial advisory and operational support to the startups in our portfolio and reporting on their performance accordingly.
Portfolio Support:
- Providing financial accounting and financial management advisory support to the portfolio companies in the Venture Build, Venture Scale, and Venture Design Academy programs
- Support the investments team by reviewing management accounts and analysing financial statements provided by portfolio companies
- Support Founders with best-practice budgeting and financial management processes
- Support Founders with finding the best talent for their finance functions
- Preparing and documenting finance policies, processes, and related playbooks for portfolio companies
- Deploying portfolio-related payments such as stipends, loans, and founder invoices related to GEN-F (Venture Build)
- Management of loans deployed and tracking repayments
- Compliance: Reviewing all compliance documentation related to the portfolio companies
- Ensuring that the tax compliance related to the Venture Build, Venture Scale and Venture Design Academy programs is in good standing in the various regions
- Monitoring the portfolio companies against all compliance requirements including statutory audits, tax compliance and regulatory compliance.
- Portfolio and Financial reporting: Analysing, monitoring and tracking the portfolio valuations of investments made by FFA
- Support Heads of Department with budget preparation and budget monitoring
- Preparing the interest workings for the charitable loans
- Preparing the assessment for credit losses
- Reviewing the accounts to ensure bank reconciliations and all portfolio valuations are captured accurately
- Preparing monthly financial and portfolio reports for the Venture Build, Venture Scale, and Venture Design Academy activities
- Maintaining accurate and complete financial records in the accounting system - Xero
Other Responsibilities
- Supporting the CFO and the Financial Manager with all finance matters for the Group of companies (South Africa, Kenya, Nigeria, United Kingdom, new markets)
- Assisting with ad-hoc duties as and when assigned
Experience Required
- A B.Com / Accounting Degree is preferred
- Preferably a qualified accountant
- A minimum of four years post-qualified working experience in a finance role
- Experience working in a startup or high-growth business would be preferable
- Solid accounting background with a sound understanding of accounting systems
- Technical knowledge of IFRS and Tax legislation
- Previous working experience with Xero an advantage (Preference but not requirement)
Skills Required:
- Attention to detail is imperative
- Accuracy at all times when delivering work
- Ability to multitask
- Working with multiple sets of accounts
- Strong administration skills
- Maintain good time-management skills
- Pro-active / takes initiative
- Assertive and willing to learn
- Good interpersonal and communication skills
- Strong advisory skills
- Solving complex challenges
- An active and energetic person who wants to get involved and take control of their own career and success will do well in this position
- Experience with Forex transactions advantageous
- Accounting software tools (SYFT, XERO, Quickbooks, others)
- Good Excel skills.
Application Closing Date
Not Specified.
https://www.hotnigerianjobs.com/hotjobs/604006/portfolio-finance-business-partner-at-founders-fac.html