Finance Officer at Prodigy Microfinance Bank

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.