Latest Jobs at Paelyt Solutions Limited

Location: Lekki Pennisula, Lagos

Summary

• The Financial Advisory & Treasury Manager will be responsible for treasury and cash flow management, manage foreign exchange exposure, lead internal financial advisory projects, and lead fundraising efforts.
• The manager will also be responsible for managing subordinates in the achievement of the department’s goals.

Job Responsibilities
Treasury:

• Manage cash flow of the company; ensure liquidity to satisfy debts as they fall due and fund budgeted goals
• Manage the working capital of the company
• Carry-out treasury risk management
• Produce treasury reports as required

Foreign exchange, insurance and related risk management:

• Manage foreign currency risk and ensure currency diversification
• Monitor currencies and interest rates
• Update hedging strategy and risk mitigation measures to manage FX/interest rate
• Execute hedging transactions
• Establish minimum insurance coverage requirements
• Manage procedures to secure competitive insurance rates

Financial advisory:

• Develop and execute framework for deal management (origination, structuring, execution, management, etc.)
• Develop and implement debt and/or equity fund raising strategies
• Develop and implement fund raising strategies for different fund classes e.g. (debt, equity, mezzanine, etc.)
• Develop investor related documents (e.g., investment teasers, investor decks, information memorandums etc.)
• Develop financial models for the company; update 5-year forecast of the company on a quarterly or bi-annual basis
• Perform valuation of the company as required
• Oversee the due diligence and conditions precedent to investment process
• Always seek to optimize the capital structure of the company; ensure low cost of capital
• Support budgeting process
• Provide financial advisory to the different product teams and other departments that may require it
• Assist with setting up financial key performance indicators across the organization and reviewing them on a frequent basis
• Support the continuous improvement of the company by proffering and implementing solutions to achieve financial targets
• Assess investment opportunities, and develop business cases
• Manage investment process
• Manage investments

Fundraising:

• Build and maintain a healthy pipeline of prospective investors
• Source funds from investors
• Lead negotiations with investors
• Manage relationship with investors including having frequent meetings, developing and sharing investor reports etc.

Others:

• Goal setting
• Supervise subordinates in achieving the department’s goals
• Perform other functions as may be required by the company

Required Qualifications

• First Degree or equivalent in a credible university with at least a 2.1 degree
• Postgraduate/professional qualification in a numerate field or an MBA will be an added advantage
• ACCA or CFA qualification is a plus
• Minimum of eight (8) years’ relevant work experience, with at least two (2) years in a managerial role, leadership and credit risk management

Skiils:

• Good knowledge of the finance industry
• Investment banking, financial advisory, private equity or venture capital experience
• In-depth understanding FinTech business and products
• Hands on experience with key stakeholders’ engagement and deals origination and closure
• Strong negotiation skills
• Excellent relationship management skills
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data and prepare financial reports, plans, and projections
• Understanding and experience of treasury accounting including FX, liquidity, cashflow and various financial instruments
• Understanding and experience of treasury accounting including FX, liquidity, cashflow and various financial instruments
• Advanced computer software skills, including Excel and other accounting packages
• Strong strategic and analytical orientation
• Highly developed collaborative nature
• Attention to details
• Good Management abilities

Abilities:

• Investment Banking
• Financial Management and Analysis
• Debt/Equity raise
• Treasury Management
• Relationship Management Skill
• Market Research
• Teamwork
• Communication Skills – Written and Oral
• Digital Literacy
• Problem Solving
• Service Orientation
• Quality Assurance.

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Location: Lekki Pennisula, Lagos

Summary

• The Credit Risk Manager will develop, implement and maintain credit policies and procedures to alleviate losses and maintain capital.

Job Responsibilities

• Develop, implement and maintain the credit risk policy, procedures and systems
• Clearly define the risk acceptance criteria for the different products and services
• Improve the quality (timeliness, process, cover, etc.) of the credit appraisal process
• Support the execution of credit related processes to identify potential financial, operational, regulatory/compliance and reputational risks
• Review and approve credit related waivers
• Monitor and flag violations of credit policies
• Proactively identify problem accounts and make timely recommendations for remedial action
• Analyze and report delinquent accounts
• Improve recovery rate
• Ensure the company achieves its bad debt, non-performing loans targets and meets other credit risk performance related key performance indicators.
• Liaise with appropriate regulatory authorities with respect to credit risk management activities
• Lead the implementation of credit related business rules during workflow or system automation (Core Banking Application inclusive)
• Coach all stakeholders with respect to credit risk management policies, practices and standards
• Play lead role in projects to collect data, analyze data and automate credit decision making
• Prepare timely, comprehensive and reliable credit risk reports to stakeholders at all levels
• Provide projections on the impact of credit exposures on the company’s future profitability
• Make recommendations to management to address identified weaknesses in the company’s credit policies and practices
• Develop and manage the departmental budget and contribute actively to the preparation of the company wide budget
• Manage and supervise subordinates in the achievement of the department’s goals
• Other task assigned to you from time to time based on business priorities.

Required Qualification

• First Degree or equivalent in numerate related discipline.
• Postgraduate/professional qualification in a numerate field will be an added advantage.
• Minimum of eight (8) years’ relevant work experience, with at least two (2) years in a managerial role, leadership and credit risk management.

Skills:

• Good knowledge of the finance industry
• In-depth understanding FinTech business and products
• E-experience in the areas of credit risk management
• In-depth credit analysis and risk assessment skills
• Hands-on experience with key stakeholder engagements and deal closure
• Excellent leadership skills
• Strong strategic and analytical orientation
• Highly developed collaborative nature
• Attention to details
• Good management abilities.
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data and prepare financial reports, plans, and projections.

Abilities:

• Financial Management and Analysis
• Credit and Risk Assessment
• Relationship Management Skill
• Teamwork
• Communication Skills – Written and Oral
• Digital Literacy
• Problem Solving
• Service Orientation
• Quality Assurance.

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Location: Lekki Pennisula, Lagos

Job Summary

• The Accountant is responsible for the monitoring and controlling of Company’s finances and setting of budgets.
• In addition, is responsible and accountable for the accuracy, quality and validity of all financial transactions and production of periodical and statutory financial statements and other agreed management reports.

Responsibilities

• Develops the annual budget with inputs from departmental heads.
• Responsible for the preparation of management accounts and financial reports.
• Ensures that all contracts and expenses are in line with budget and have been awarded at competitive rates.
• Responsible for financial reconciliations and reports.
• Be responsible for overseeing and managing payables, receivables.
• Develop, implement, modify, and document recordkeeping and accounting system.
• Reviews the monthly payroll prepared to ensure that the amount to be paid corresponds to the terms of the employee’s contract.
• Develop, maintain, and analyses budgets, prepare periodic reports that compare budgeted costs to actual costs.
• Support auditors to ensure financial audits are completed.
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting or other tax requirements.
• Responsible for ensuring the company is up to date with its statutory filings and payments e.g. FIRS< WHT, VAT, etc.
• Develop and continuously improve on the company’s accounting policies, procedures, manuals, key performance indicators etc.
• Work with product managers to develop generic and customized reports to track the financial performance of their products.
• Support the finance team as it relates to treasury functions, financial modelling, and other accounting advisory matters.
• Approves all vouchers, invoices and cheques, transfers and other forms of payments.

Requirements
Education

• B.Sc or M.Sc in Accounting, Finance or Business.
• Certified Public Accountant or Certified Management Accountant designations preferred, ICAN, ACCA
• Preference for 2nd class upper and above.

Other:

• 2+ years of financial experience a plus
• 1 to 2 years management experience a plus
• Completion of National Youth Service Corps (NYSC) program (required)

Skills:

• Thorough understanding of Generally Accepted Accounting Principles (GAAP).
• Knowledge of Statutory accounting principles.
• Strong analytical and accounting skills.
• Intermediate to advanced experience with MS Word, MS PowerPoint, and MS Excel
• Intermediate to advanced knowledge of major accounting software packages for both general ledger and statutory accounting.
• Strong organizational and time management skills
• Strong negotiation skills and the ability to set priorities
• Must be able to effectively handle multiple projects simultaneously in a deadline driven environment.
• Excellent verbal, written communication and interpersonal skills.
• Ability to work independently and as part of a team and take on new tasks with high level of difficulty.
• Will be expected to work with minimal up-front guidance and take ownership of his / her work product. Also work closely with all major functional leaders of the Company.