Finance Officer at Prodigy Microfinance Bank

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
116778
Job Views
73

Job Description






Job Description




  • Managing a company's financial records, analyzing financial data, preparing reports, budgeting, forecasting, and ensuring compliance with financial regulations, with responsibilities including tasks like bookkeeping, accounts payable/receivable management, financial statement preparation, and providing insights to inform strategic decision-making within the organization.



Key Responsibilities

Accounting Operations:




  • Maintaining accurate financial records by recording daily transactions, including sales, purchases, expenses, and payroll.

  • Processing invoices and reconciling bank statements.

  • Managing accounts payable and receivable, ensuring timely payments and collections.

  • Preparing journal entries and posting to the general ledger.



Financial Reporting:




  • Generating periodic financial statements like balance sheets, income statements, and cash flow statements.

  • Analyzing financial data to identify trends and potential issues.

  • Preparing management reports with insights for decision-making.



Budgeting and Forecasting:




  • Developing annual budgets based on company goals and historical data.

  • Monitoring budget performance and identifying areas for cost control.

  • Forecasting future financial performance based on market trends and business strategies.



Financial Analysis:




  • Performing financial modelling to evaluate investment opportunities and potential risks.

  • Analyzing profitability by product line, customer segment, or geographic region.

  • Identifying areas of cost optimization and efficiency improvement.



Compliance and Audit Support:




  • Ensuring adherence to relevant accounting standards and tax regulations.

  • Preparing documentation for internal and external audits.

  • Addressing audit findings and implementing corrective actions.



Requirements




  • BSc in Accounting



Key Skills for a Finance Job:




  • Strong analytical and problem-solving skills

  • Proficiency in accounting software and financial modelling tools

  • Attention to detail and accuracy

  • Excellent communication and presentation skills

  • Understanding of financial regulations and accounting standards.



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