Overview

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.

Job Position: Investment Analyst

Job Location: Lagos

Job Responsibilities
Weekly/Monthly Liquidity report:

  1. Generate weekly and monthly liquidity reports to assess the availability of funds for investment activities.
  2. Ensures funding of NIP -Zenith settlement and regularizes before COB.

Monthly Analysis of Deposit Maturities:

  1. Conduct a monthly analysis of deposit maturities to track the timing and amount of deposits reaching maturity.
  2. Evaluate the impact of maturing deposits on cash inflows and investment opportunities.
  3. Collaborate with wealth managers to ensure timely renewal or rollover of maturing deposits.

Weekly/Monthly Deposit Schedule Reconciliation:

  1. Perform monthly reconciliation of deposit schedules with bank statements, deposit schedule and NetSuite records.
  2. Identify and investigate any discrepancies or irregularities in deposit transactions.
  3. Liaise with banking partners and internal stakeholders to resolve reconciliation issues and ensure accuracy of deposit records.
  4. 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:

  1. Calculate withholding tax (WHT) on bank interest remittances in accordance with regulatory requirements and tax laws.
  2. Validate interest income data from bank statements and reconcile with Netsuite records.
  3. Prepare accurate WHT computations and ensure timely remittance to tax authorities.

Wealth Management OKRs:

  1. 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.
  2. Ensure every booking instruction received is treated within 24hrs.
  3. Respond to, and acknowledge inquries within 25mins of receipt.
  4. Escalate issues surrounding Liquidations, Bookings etc. and being proactive to resolve such issues raised by either customers, RMs or finance.
  5. Timely collation and submission of reports as requested. This includes incentives, and maturity reports.
  6. Effective communication with team members and other department.
  7. Collaborates with others in the wealth management team and across the organization, offering assistance and actively being helpful where needed.

Job Requirements

  1. Bachelor’s Degree in Accounting or numerate discipline degree; studying towards obtaining a chartered accountant.
  2. High level of accuracy, attention to details and Good analytical skills.
  3. Aptitude for numbers and attention to details.
  4. Have a good Microsoft Excel Skills.
  5. Be an effective team player with a positive attitude.
  6. A track record of constantly looking for ways to do things better.
  7. Be Smart and agile
  8. Focused on timelines and milestones; extremely organised
  9. Experienced in financial institution, especially Fintech (ie large base of transactions), would be an advantage.
  10. Need for an enthusiasm and interest in the role ie accounting, reporting, cost control.

Application Deadline
22th September, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Tagged as: Finance

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