Job Openings at Rand Merchant Bank

Job Description

The Finance Manager, who will primarily be responsible for the finance activities of the Asset Management Business in Nigeria will be expected to carry out end-to-end financial (regulatory, management, statutory) and risk reporting. The role includes implementing and enhancing the accounting workflow systems and processes for Asset Management and Fund activities while ensuring financial controls and procedures are followed and adhered to for various internal and external stakeholders. This role will suit an individual who has excellent analytical, critical thinking, and interpersonal skills and a proven track record in establishing and leading highly efficient financial solutions

• Oversee the day-to-day Finance operations, including general ledger management for the Asset Management Business and all the Funds, and ensure timely recording of financial transactions including journal entries, period-end journals, and reconciliations.
• Responsible for the preparation of the Entity's timely financial results and coordinating the consolidation of Financial results for multiple Funds of the Business in line with IFRS, regulatory, and Group requirements.
• Liaise with internal and external auditors, coordinating and facilitating all required audit processes within required and stipulated business and regulatory timelines. Coordinate the completion of timely audited financial statements and address any audit-related inquiries or findings.
• Responsible for preparing the monthly management and financial accounts, business reports, and board documents; provide financial analysis and insights to support decision-making. Develop financial models and forecasts to support strategic planning, budgeting, and forecast processes.
• Prepare and file regulatory reports and all relevant disclosures relating to daily, monthly, and quarterly returns as required by SEC.
• Act as the Business partner for the Asset Management Business unit liaising with Business on budget performance monitoring, developing forecast, and analyzing variances and other finance-related matter for the department.
• Preparation of all periodic regulatory reports to SEC and FRCN; Group returns and report analysis using Hyperion Financial management (HFM)- Financial reporting consolidation tool; quarterly BA returns to South African Reserve Bank (SARB).
• Assess tax impact of Buisness transactions and ensure appropriate tax authorities receive tax return filings and payments as at when due.
• Identify opportunities to streamline financial reporting and control processes leveraging technology and innovative solutions to automate routine task and improve efficiency and accuracy.
• Manage any third parties to which accounting or finance functions have been outsourced.
• Ensure effective compliance and financial controls are in place in line with Group, statutory and regulatory requirement for financial and tax reporting. Monitor compliance and provide guidance to ensure adherence to financial policies and procedures.
• Cross-functional collaboration with Rand Merchant Bank Nigeria Limited "Bank" Business Units and key Business Enablement functions to manage service level agreements and ensure alignment of financial reporting and control activities. Provide guidance as required on financial reporting matters including accounting treatment and compliance requirements.
• Undertake any additional Finance duties as directed by the CFO.

Qualification: 

• The successful candidate should be a qualified Chartered Accountant with at least 10 years of working experience in a financial services institution.
• Good analytical and management skills.
• A sound knowledge of IFRS with excellent financial analysis and communication skills.
• A good understanding of regulatory reporting requirements.
• A sound understanding of managing various Financial instruments i.e foreign exchange, fixed income markets and valuation of financial instruments will be beneficial.
• Hyperion Financial Management (Financial reporting consolidation tool) HFM experience will be beneficial.
• Confident to operate in a multi-dynamic global company across various business units and jurisdictions.
• Technologically adept and highly proficient in Ms. Office tools i.e. Excel, word and PowerPoint.
• Strong presentation skills and proven track record of interacting with Executive Management.
• A strong communicator who is deadline and solutions-driven.
• Able to operate in a fast-changing and dynamic environment (building a business).
• Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
• Self–motivated and able to work well both in a team as well as independently.
• A high degree of professionalism and business acumen.
• Strong Business partnering skills.
• Candidates should be trustworthy and display strong work ethics and integrity in all that they do.

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Job Description

This position presents the opportunity to gain a holistic view of the Investment Banking Division (IBD) with a focus on West Africa. This role will provide an opportunity to work across all product areas within IBD based on a staffing model, whilst assisting with the formulation and implementation of the IBD strategy.

Responsibilities:   

• The ideal candidate will fulfil the role of an associate, including execution of financial advisory/corporate finance transactions as well as leverage finance, infrastructure finance and corporate lending transactions. 
• The associate will be responsible for originating client pitches, building financial models (for valuation and debt capacity) and writing credit memos/papers.
• The associate will assist the lead transactor in facility documentation and will be responsible for ensuring successful execution of admirative processes to ensure financial close on transaction.
• The associate will be responsible for managing and allocating workflow to analysts within the team as well as be partly responsible for upskilling the analysts.
• The associate will coordinate the preparation of reports and presentations, including research and analysis of African economies, market trends and business opportunities which they will collate and share with relevant stakeholders across the Business.  

Qualifications and Experience:   

• Candidates should have a relevant graduate degree and at least 4 years work experience in investment banking, accounting, or related fields, and be interested in working in a small-team environment with a high degree of client contact.   
• Successful completion of Level 1 of the Chartered Financial Analyst (“CFA”) programme would be an added advantage. 
• Experience in Excel financial modelling, including detailed income statement forecasting and scenario analysis, capital structure modelling, and Merger modelling.   
• Candidates should be motivated to take on multiple tasks, should enjoy working in a constantly changing environment, have strong attention to detail, interact well, and enjoy working within a team.   
• Strong leadership qualities and communications skills are key as is a well-developed business acumen.   
• Conceptual thinking coupled with strong analytical ability.
• Report writing skills essential.
• Advanced PowerPoint and Excel skills are required.