Latest Jobs 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.

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Job Summary

• Evaluating and enhancing an organization's internal control system by identifying potential risks, assessing existing control procedures, ensuring compliance with policies and regulations, implementing necessary controls to mitigate risks, and providing recommendations for process improvements, ultimately aiming to protect assets, ensure accuracy of records, and promote operational efficiency within the company.

Key Functions of an Internal Control Role
Risk Assessment:

• Identify potential risks across different business functions and operations.
• Analyze the likelihood and potential impact of identified risks.
• Prioritize risks based on their severity and likelihood of occurrence.

Control Evaluation:

• Review existing control procedures and document their effectiveness in mitigating identified risks.
• Assess the adequacy of segregation of duties within key processes.
• Test control activities through sampling methods to verify their functionality.

Compliance Monitoring:

• Ensure adherence to internal policies, procedures, and relevant laws and regulations.
• Conduct periodic compliance audits to identify areas of non-compliance.
• Report any violations or concerns to management.

Control Improvement:

• Recommend corrective actions to address identified control weaknesses.
• Develop and implement new controls to mitigate risks where necessary.
• Collaborate with department heads to ensure effective implementation of control improvements.

Reporting and Communication:

• Prepare comprehensive internal control reports detailing findings and recommendations to management.
• Communicate control deficiencies to relevant stakeholders and follow up on remediation plans.
• Provide regular updates on the status of internal control activities to the audit committee.

Requirements

• Interested candidates should possess a BSc in Accounting.