Finance Officer at EdFin Microfinance Bank

Responsibilities

• Preparation of financial reports and Management accounts etc
• Daily Reconciliation of Correspondence Bank Account Positions and Statements.
• Prepare monthly amortization schedule and posting to the general ledgers.
• Collation and preparation of daily bank balances for Chief Finance Officer(CFO).
• Monitoring Bank's investment and TB with correspondence bank
• Participate in financial standards implementation and in the forecast process.
•  Assist with tax audits and tax returns.
• Support month-end closing processes.
• Perform timely and accurate settlement of all e-transactions on ALL channels (POS, Web, Mobile), various payment platforms with the Processors/Switch (e.g. Interswitch, NIBSS) and Partnering/Settlement Bank (e.g. Stanbic IBTC).
• Collaborate with the financial institutions to ensure that queries related to payments are timely resolved (return payments, under/over payments, suppliers and contractors incorrect account details etc) and makes follow up visits to banks as directed.
• Provide accounting procedures (online and settlement entries) for new e-products being launched by the Bank and ensure that these procedures are smoothly implemented.
• Raising Journal Entries to update the inflow and outflow of funds within all Correspondent Banks.
• Monthly remittances of Tax deductions for both Federal and Lagos State Tax Authorities.
• Maintenance ans safe keeping of all Financial Documents.
• Preparation of Monthly Depreciation Schedule of the Banks’ Fixed Assets and monthly amortization of outstanding prepared expenses.
• Maintains fixed asset register by updating all assets purchased with the appropriate supporting documents.
• Ensures prompt and accurate GL Review. Timely review of GL to ensure and forestall wrong postings, errors and omissions.
• Produce monthly, quarterly, and half-yearly financial reports of the organization.
• Preparation of Month End Reconciliation of Correspondent Bank Account Positions.
• Act as the primary point of contact for other departments regarding financial and accounting issues.
• Any other jobs as assigned by the CFO.