Job Vacancies at Asset & Resource Management Holding Company

Overview

• The Investment Analyst (IA) provides portfolio data and analytics to the senior Fund Management Team to assist in selecting and executing deals and for monitoring the existing portfolio.
• It is the responsibility of the Investment Analyst to ensure that all the facts/figures are in place when investment decisions are taken.
• Among other things, the IA works with senior Fund Management Team to create presentations for client and prospect meetings, provide research support for the equity strategy of the senior Fund Management Team by scanning and gathering relevant basic / fundamental research data to guide them.
• The job is demanding, and requires long hours and travel, but offers exciting challenges and prospects. Exceptional proficiency with Microsoft Office (Excel, PowerPoint and Project) is a requirement.

Market and Investment Opportunity Analysis:

• The IA will gather data / information, perform research and analyze the investment portfolio whilst pointing to new opportunities. The Investment Analyst’s work will focus on the specific niches of the fund i.e. Energy, Transport and Utilities and provide an opportunity for the IA to become an analytical expert in these sectors.
• Conducts research on Fund target sectors, countries, projects, etc, as appropriate, to support Fund Management Team decision-making regarding deal flow development and prioritisation; On an ongoing / continuous basis, the IA will collect and interpret data including but not limited to company financial statements, price developments, currency adjustments and yield fluctuations. The information gathering also includes macro developments, such as following a country's significant political changes, climate change and the impact of natural disasters, and emerging industries and service sectors.
• Prepares regular reports on the status of dealflow development, which show which deals are in the pipeline, the types and sizes of deals, their stage of advancement, their location, information on co-sponsors / counterparties, the Fund’s interest, etc.
• Assists with the coordination of, and fully participates in, the due diligence of investment targets, providing advanced analytical, deal-structuring, financial modelling, valuation, research, negotiation, and other transaction support as required.
• Assists with the preparation of documentation required in line with the Fund investment process, to support submissions to and securing of and approvals from, the Managing Director / CEO, the Investment Committee, and the Fund Advisory Board, for the closing of investment transactions.
• Complies strictly with the Fund investment process in all its respects and raises early warning of any deviations from laid-down processes and procedures in this regard.
• The IA will present his/her research to the Fund Management Team where different expert views will be brought to bear on the same before final recommendations and investment decisions are made. Collaboration is a key part of the job, as is giving presentations and sharing information amongst peers.
• In the course of his / her work, the Investment Analyst will have some level of direct interaction with management of the companies being researched or similar key players and may also meet with relevant stakeholders.

Due Diligence and Post-completion Monitoring:

• Conducts advanced financial and operational performance analyses of portfolio companies post deal completion, to track performance against operational and investment returns targets, and to provide early warning of material deviations from expectations. This may include but not be limited to:
  • Assisting portfolio companies in the development of business plans and budgets;
  • Attending Board meetings of investee companies if designated to serve on such boards;
  • Preparing reports on the status and performance of investments;
  • Financial modelling, sensitivity, and scenario analysis; and
  • Identifying value creation opportunities for portfolio companies and making recommendations in that regard to the Fund Management Team.
  • Monitors portfolio companies’ adherence to Fund and other pertinent policies, processes, and procedures, and coordinates compliance with Fund reporting requirements with such companies as appropriate

Internal Process and Cost Management:

• Complies with administrative internal control process and procedures and supports the wider Fund Management Team to ensure similar compliance throughout the team.
• Assists with the development of business plans and budgets for the Fund, the Fund Management Company, and projects as appropriate, including providing financial modelling and other support.
• Prepares and / or supports the preparation of internal reports on actual performance against business plans and budget, for review by the Managing Director / CEO and Chief Investment Officer.
• Complies with project budgets as approved.

Requirements
Experience and Education:

• Minimum of 5 years’ post qualification experience in a similar or related position.
• University degree with qualification in Business disciplines with a quantitative component, such as finance, accounting or economics, and other subjects that provide training in analytical and quantitative skills, such as statistics, mathematics, or engineering.
• Bachelor's degree plus CFA, ACCA, other relevant qualifications or Mater’s degree will be an added advantage.

Main Responsibilities
Financial reporting:

• Ownership of the process underlying the production of the financial consolidation for the Group (annual statutory reporting and monthly investor reporting);
• Preparation of the financial consolidation for the Group for the purposes of the annual statutory accounts and support the consolidation accountant in the monthly consolidation;
• Support the Group CFO in Producing the Annual Review for the Group;
• Lead the audit of the consolidated results;
• Work closely with the Legal, Treasury and Tax teams on Group projects such as corporate restructurings and new internal and external reporting requirements;
• Ad-hoc financial reporting as required;
• Produce the Group year-end tax reconciliation, working alongside the tax team in subsidiaries.

Finance system:

• Finance owner of the Group consolidation system;
• Ensure that the Group consolidation system is kept up-to-date, properly maintained, and supports the consolidation requirements for the Group.

Accounting policies:

• Maintain and develop the Group accounting policies manual;
• Analyse and review new accounting standards and prepare proposal for revisions to accounting policies, as necessary.

Management responsibilities:

• Direct line-management responsibility for the provision of development opportunities for Finance Staff.

Tax:

• Group Tax consolidation
• Group Tax Planning
• Effective tax rate and forecast / deferred tax calculations for each reporting period
• Review all tax computations, liaising and acting as lead contact for tax advisers and the internal tax 'expert' for the group.
• Contact point for central tax queries from affiliates, ensuring that appropriate support is provided.
• Responsible for completion of federal, international and state income tax returns including all related analysis and support.
• Oversight of the tax returns for the Company’s international subsidiaries.
• Responsible for use and property tax functions.
• Responsible for audits of federal and state income tax and state and local filings.
• Responsible for accounting for income taxes in Nigeria and International subsidiaries.
• Responsible for transfer pricing and management fee arrangements.
• Liaison with operating management on tax issues and accounting staff on tax accounting issues.
• Ensuring that appropriate internal controls are in place over accounting for income taxes.
• Departmental liaison with IT staff on all technical matters relating to tax applications.

Requirements

• Should possess a Bachelor's degree in Business or the Social Sciences. ACCA CPA certificate would be preferred
• Up to 8 years’ experience, preferably in a similar role
• Experience in any of the big audit firms
• Corporate reporting; Internal & External
• Multinational experience
• Worked with a UK Publicly Quoted Company in a similar function
• Deep understanding of LSE & NSE reporting requirements and technicalities
• Familiarity with LSE & NSE working rules
• Should be highly knowledgeable of Accounting standards, IFRS, GAAPs etc
• Deep understanding of financial regulations in various markets
• Logical mindset, capable of evaluating and handling transactions with a high degree of complexity
• Should have significant experience with integrated financial systems and strong excel skills
• Analytical mindset
• Report writing skills
• Strong bias for research
• French language skill is an added advantage
• Experience working in UK or the developed market is an added advantage.

Job Summary

• The purpose of this role is to help in developing and delivery of the Group’s internal audit strategy and plan and ensure compliance with established policies, procedures and regulatory requirements throughout the company
• Foster a control conscious environment within the company by providing reliable, valued and timely assurance on corporate governance, risks and controls and enhancing the control culture

Principal Duties and Responsibilities

• Assist Supervisor in the development of the annual Internal Audit plan.
• Support Supervisor in the development and implementation of the evolving IA methodology for the business.
• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.
• Perform audit tests and prepare working papers in accordance with professional IIA standards and IA methodology.
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
• Contribute to the safeguarding of corporate assets by ensuring that appropriate internal controls are in place and operating effectively.
• Identify and document control and process weaknesses and provide evidential support for findings.
• Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies.
• Organize and reference work papers for review by Supervisor.
• Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
• Perform consulting services for management through participation in projects designed to introduce new and / or changing processes, products or facilities.
• Develop and maintain effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board.
• Prepare and disseminate material for the quarterly Audit Committee meetings
• Receive, assess, investigate and resolve complaints and / or reports of alleged fraud or fraudulent behavior.
• Perform special investigations when necessary to safeguard firm assets (e.g., fraud).
• Conduct periodic spot checks in line with agreed spot check plan or as instructed by Supervisor / Senior Management.
• Create and maintain logs, records, or databases of information about fraudulent activity and all investigation carried out.
• Organize relevant training and awareness sessions for members of the assurance units.
• Drive implementation of the Unit’s strategic initiatives and other ad-hoc assignments that may be required by Supervisor / Senior Management.
• Ensure the maintenance of evidence and well-structured documentation of investigation which fully supports work carried out and conclusions reached.
• Follow up on the progress of implementation of recommendations from audit and investigations to senior management.

Requirements
Minimum Qualifications:

• Post-secondary education in Business, Accounting, Finance or related discipline.
• A recognized professional designation in Accounting or Internal Auditing (ACA, ACCA, CMA, CGA, CFE, CIA or CISA).
• Solid understanding of risk and control concepts. Ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by management
• Knowledge of COSO Risk and Internal Control framework would be an asset
• Working knowledge of professional IIA performance standards with regarding to planning, testing, sampling and documentation.
• Minimum of five (5) years relevant work experience in Internal Audit, within financial services or a professional accounting firm will be an added advantage.

Competency and Skills Requirements:

• Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization.
• Unquestioned personal integrity with strong ethics and values consistent with ARM’s culture.
• Ability to stand firm on difficult issues when required.
• Strong analytical capability.
• Capable of working independently and with minimum supervision.
• Logical approach to identifying and evaluating issues and problem solving.
• Well-developed organizational skills with the ability to prioritize multiple assignments.
• Displays awareness of the need for confidentially in sensitive matters.
• Demonstrated job commitment and personal flexibility to meet changing expectations.
• Commitment to self-development and expansion of knowledge.