Overview
PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.
Job Position: Fund Management Officer
Job Location: Ikeja, Lagos
Job Description
- 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
Job 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.
Job 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.
How to Apply
Interested and qualified candidates should:
Click here to apply online