Senior Associate, Finance & Accounting at PeopleOS

Job Description

Our client is a Portfolio Management Company for a group of financial technology entities that provide innovative, data-driven, end-to-end technology platforms addressing reconciliation and payment processing inefficiencies across multiple industry verticals in the technology sector and is looking to a highly skilled and motivated Finance Professional for the role of Senior Associate, Finance & Accounting as we build for the next 10 years.

The Portfolio Management Company works directly with all portfolio companies to support their scaling efforts while monitoring their individual performances. The company also researches, evaluates, and decides on investment opportunities within and outside the group including venture funding, mergers & acquisition, and bridge financing.

In this role, you will work with the Financial Controller in developing and managing a high performing finance organization. This includes overseeing all developing and maintaining systems of internal controls to safeguard the financial assets of the Group and its portfolio companies.

Summary of Responsibilities

Treasury Management

• Cash Flow Management: Proactively plan, forecast and manage short-term and long-term cash flows to ensure liquidity for operational needs. Prepare cash burn analysis on monthly basis. Identify, assess, and manage financial risks related to currency fluctuations, interest rate changes, and other treasury-related risks.
• Funds Transfer: Oversee all fund transfers, including wire transfers, ACH transactions, and other electronic transfers. Manage all Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place. Support in reconciliation (Bank, vendor, customer and intercompany) review in agreed schedule.
• Vendor Communication: Engage with external stakeholders weekly or as required with all stakeholders – vendors, consultants, and advisors – expecting payments from the company, communicating updates on payment expected.
•  Bank Relationship Management: Serve as the primary point of contact for all bank relationships. Negotiate bank fees, manage multiple bank accounts, and ensure optimal service levels from banking partners.
• Internal Communication: Provide regular updates to executive & senior management regarding treasury activities, payment status, cash position, and potential risks based on information confidentiality matrix as agreed with the management.
• Investment Commitment Reporting: Track and manage investments commitments & fulfillment, ensuring timely and accurate capital calls and distributions.

Support for Investment & Financial Advisory

• Liquidity Management: Ensure timely availability of funds for investment opportunities by managing and forecasting cash flows. Collaborate with the advisory team to understand upcoming investment commitments and ensure liquidity is maintained.
• Banking Insights: Leverage bank relationships to gain insights into market trends, interest rates, and financial products that could impact investment decisions. Facilitate efficient fund transfers for investment activities.
• Risk Management: Provide insights on financial risks associated with potential investments, especially in terms of currency fluctuations and interest rate changes. Collaborate with the advisory team to develop strategies to mitigate these risks.
• Reporting & Communication: Assist in preparing financial reports related to investment performance, emphasizing treasury-related impacts such as liquidity status and financial risks. Ensure clear communication between the treasury function and the advisory team to align strategies and expectations.

Support across the Finance and Accounting Function

• Financial Reporting: Assist in the preparation and review of monthly, quarterly, and annual financial statements and reports. Ensure accuracy and compliance with accounting standards and regulations.
• Compliance: Support the compliance team in ensuring that all treasury activities are in line with regulatory requirements and internal policies. Ensure all expected reports are submitted as at when due and that all payments are made swiftly, and appropriate vendors managed.
• Cross-functional Collaboration: Work closely with other finance team members, and other company teams, to provide financial insights and support related to treasury activities.

Process Improvement

•  Systems and Technology: Evaluate and implement treasury management systems and tools to optimize efficiency and accuracy.
• Policies and Procedures: Continuously review and update treasury-related policies and procedures to reflect best practices and ensure operational efficiency.

Requirements

• Minimum of 5 years of professional experience in all aspects of finance and accounting,
• First degree in Accounting or Finance or any other related field and a Chartered accountant with ACCA or ICAN.
• Has a strong technical accounting knowledge.
• Must have worked with an ERP System, finance, accounting, financial planning, IFRS, Planning, Budgeting and Forecasting, Chart of Accounts Redesign, GL Coding, Intercompany Reconciliation, GL Accounting, financial analysis.
• The candidate should be Execution Focused, Honest and Dependable
• Passionate, Strategic breathes Ownership.
• Excellent stakeholder management and relational skills.
• Sets personal high bar for excellence with strong analytical skills.
• Interpersonal relational skills, highly diplomatic and yet results-focused.
• Has tolerance for ambiguity, and at the same time has the intellectual swiftness to map plans out.