Finance Team Lead at 5C Limited

RESPONSIBILITIES:

• Responsible for day-to-day activities of finance team within her department and provide direction to employees according to policies & procedures.
• Responsible for preparation of revenue projections and forecasting expenditure and ensure adequate cash flow for continuing operations.
• Ensure timely settlement of Merchant accounts in line with bitMARTe SLAs.
• Ensure timely settlement of 3PLs and all other service providers accounts in line with bitMARTe SLAs.
• Prepare financial analysis and reports weekly reports and advise management on weekly business trends along with recommendations for improvement.
• Participate in the month end close activities including the preparation and review of journal entries and review of budget-to-actual reports.
• Prepare and review monthly reconciliations of assigned balance sheets account and ensure that general ledger accounts are reconciled.
• Prepare and present monthly financial performance, recommendations, and advice to the management
• Provide support to the Finance Manager in the forecasting, budgeting, monitoring, and reporting of the operating and capital budgets and financials.
• Generate financial ratios between current and prior year values in the Statement of Financial Position, Statement of Comprehensive Income and Statement of Cash Flow Statements
• Develop cash flow projections for funded and support activities.
• Participate in annual audit preparations.
• Support junior staff as required and perform other accounting duties as assigned
• Supervise inventory audit at the Hubs
• Responsible for recommending and implementing system improvements including accounting process design.
• Supervise preparation of merchant payments daily
• Supervise preparation of 3PL and vendor payments monthly
• Ensure that Merchant Account records are maintained and up to date
• Responsible for approving placement and release of payment holds
• Responsible for approving refunds and chargebacks due to buyers
• Overseeing preparation of Daily, Weekly and Monthly financial reports
• Reviewing remittances to statutory bodies
• Responsible for Financial resolutions with merchants/buyers
• Support to Merchants for Financial Solution product

REQUIREMENTS:

• Minimum of ten (10) years’ working experience as an Accounting or finance function
• A First Degree in Accounting, and/or Finance or (certification in corporate Finance)
• A Postgraduate or master’s degree in a related field is an added advantage
• Held a supervisory positions for at least 2 years and lead teams successfully.
• Membership of ICAN, ACA, ACCA, or CFA is required