FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.
We are recruiting to fill the position below:
Job Title: Investment Analyst
Location: Lagos
Job type: Full time
About the Role
Weekly/Monthly Liquidity report:
- Generate weekly and monthly liquidity reports to assess the availability of funds for investment activities.
- Ensures funding of NIP -Zenith settlement and regularizes before COB.
Monthly Analysis of Deposit Maturities:
- Conduct a monthly analysis of deposit maturities to track the timing and amount of deposits reaching maturity.
- Evaluate the impact of maturing deposits on cash inflows and investment opportunities.
- Collaborate with wealth managers to ensure timely renewal or rollover of maturing deposits.
Weekly/Monthly Deposit Schedule Reconciliation:
- Perform monthly reconciliation of deposit schedules with bank statements, deposit schedule and NetSuite records.
- Identify and investigate any discrepancies or irregularities in deposit transactions.
- Liaise with banking partners and internal stakeholders to resolve reconciliation issues and ensure accuracy of deposit records.
- The reconciliation report for a month needs to be made ready on the 1st business day of the following month.
Monthly Computation of Withholding Tax (WHT) on Bank Interest:
- Calculate withholding tax (WHT) on bank interest remittances in accordance with regulatory requirements and tax laws.
- Validate interest income data from bank statements and reconcile with Netsuite records.
- Prepare accurate WHT computations and ensure timely remittance to tax authorities.
Wealth Management OKRs:
- Ensure liquidations and all payments are treated timely and processed error free. Liquidation requests received before 12pm must be treated latest 12:30pm and those after 12pm, must be treated latest 4pm. Ensure follow-ups on every transaction till it's closed.
- Ensure every booking instruction received is treated within 24hrs.
- Respond to, and acknowledge inquries within 25mins of receipt.
- Escalate issues surrounding Liquidations, Bookings etc. and being proactive to resolve such issues raised by either customers, RMs or finance.
- Timely collation and submission of reports as requested. This includes incentives, and maturity reports.
- Effective communication with team members and other department.
- Collaborates with others in the wealth management team and across the organization, offering assistance and actively being helpful where needed.
Requirements
- Bachelor's Degree in Accounting or numerate discipline degree; studying towards obtaining a chartered accountant.
- High level of accuracy, attention to details and Good analytical skills.
- Aptitude for numbers and attention to details.
- Have a good Microsoft Excel Skills.
- Be an effective team player with a positive attitude.
- A track record of constantly looking for ways to do things better.
- Be Smart and agile
- Focused on timelines and milestones; extremely organised
- Experienced in financial institution, especially Fintech (ie large base of transactions), would be an advantage.
- Need for an enthusiasm and interest in the role ie accounting, reporting, cost control.
Application Closing Date
Not Specified.
Sorry, this listing is no longer open.
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