Finance Job Vacancies at VFD Group

JOB SUMMARY

The role will be responsible for performing all the operational activities related to the financial management function of the group and its entities, including processing payments, posting of transactions and statutory remittances, providing timely and accurate financial information, preparing management accounts and management related reports.

KEY TASK

• Ensure proper internal audit and control system.
• Implement risk management system.
• Investigate fraud within the organization.
• Carry out Audit activities and prepare reports.

RESPONSIBILITIES 

• Ensure effective revenue assurance by appropriate computation of interest and other charges including default and rollover.
• Daily postings of transactions to appropriate books and softwares and update of repayment tracker.
• Produce periodic financial reports, loan disbursed, expected VS actual, matured and maturing, currency purchase and sales report
• Effective filing of transaction documents and maintenance of records for effective audit trails.
• Ensure daily reconciliation of bank balances of all transactions daily.
• Ensure the Monthly remittance of PAYEE and pensions by no later than 5th of the following month
• Collate relevant information for the generation of periodic statutory returns, e.g, tax, for regulatory authorities
• Work with auditors and other parties where necessary.
• Preparation of payroll schedule
• Other duties as assigned

KEY PERFORMANCE INDICATORS

• Timeliness and accuracy of management accounts and reports
• Average time to process invoices on approved transactions
• Average time to approve payments
• Accuracy in cash-flow estimates
• Average budget variances – Actual vs. Plan
• Variances in expense accounts- Actual vs. Plan
• Performance in external audit examinations

COMPETENCE REQUIREMENTS

Core Skills

• Knowledge of the GAAP/IFRS
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data and prepare financial reports, statements, and projections
• Communication & Presentation
• Negotiation
• Working knowledge of Microsoft Office Suite & the Internet
• Generic Skills
• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation
• Team work

SPECIFICATION/ QUALIFICATION
Qualification

• First degree or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc)
• Minimum Experience
• 4 – 5 year relevant experience in financial management/ accounting
• Professional Membership
• Membership of ICAN/ ACCA required and must be working towards obtaining charter

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JOB SUMMARY

The role will be responsible for implementing Internal audit, Control, Risk Management and Corporate Governance system in the organisation and its entities.

KEY TASK

• Ensure proper internal audit and control system.
• Implement risk management system.
• Investigate fraud within the organization.
• Carry out Audit activities and prepare reports.

RESPONSIBILITIES 

• Coordinate the compilation and continuous review of a detailed transaction process flow for all key activities in the organisation and define control measures to ensure compliance.
• Supervise the execution of VFD’s control procedures on financial processes such as revenue collection, receivable and asset management, investments, international operations, etc.
• Prepare/ review internal audit reports covering audit activities, findings and overall assessment of control environment.
• Ensure all financial transactions are bona-fide, accurate and processed in line with established policies and procedures and coordinate the review of all payment vouchers to both internal and external parties.
• Keep abreast of global and local best practice as it relates to the internal audit operations.
• Establish and maintain relationships with key internal and external stakeholders.
• Coordinate the review of business/ operating processes and practices and information systems to ensure the adequacy of existing controls as well as mitigate errors, irregularities and fraud.
• Perform investigations into suspected fraudulent/sharp practices across the organisation and recommend the appropriate line of action in response to findings.
• Investigate client complaints and provide reports on same.
• Prepare audit reports and advise units and committees on departure from policies, procedures, and other exceptions.
• Prepare/compile agreed periodic activity and performance reports for the attention of the CEO and relevant Board Committee.
• Good back up support on operation/ transaction review.
• Perform any other duties as assigned by the CEO/ Board.

KEY PERFORMANCE INDICATORS

• Savings on income leakages
• Timely and discreet execution of investigations
• Number of timely conducted audits
• Reduced fraud cases
• Comprehensive, clear, and constructive audit and fraud reports
• Reduced number of mitigated risk
• Minimum exceptions found by external auditors

COMPETENCE REQUIREMENTS

Core Skills

• Knowledge of audit techniques and methods required
• Knowledge of corporate governance practices
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data
• Ability to read large volumes of documents effectively and extract necessary information
• In-depth understanding of the organization’s business issues
• Communication & Presentation
• Good report writing skills
• Negotiation
• Working knowledge of Microsoft Office Suite & the Internet
• Generic Skills
• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation
• Team work

SPECIFICATION/ QUALIFICATION

Qualification

First degree or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc), MBA or Master’s degree in Finance or Accounting required

Minimum Experience

8 years relevant experience of which at least two (2) years must have been spent in a similar role in the financial services industry

Professional Membership

Chartered membership of ICAN/ ACCA required

go to method of application »

JOB SUMMARY

The role will be responsible for implementing Internal audit, Control, Risk Management and Corporate Governance system in the organisation and its entities.

KEY TASK

• Ensure proper internal audit and control system.
• Implement risk management system.
• Investigate fraud within the organization.
• Carry out Audit activities and prepare reports.

RESPONSIBILITIES    

• Coordinate the compilation and continuous review of a detailed transaction process flow for all key activities in the organisation and define control measures to ensure compliance.
• Supervise the execution of VFD’s control procedures on financial processes such as revenue collection, receivable and asset management, investments, international operations, etc.
• Prepare/ review internal audit reports covering audit activities, findings and overall assessment of control environment.
• Ensure all financial transactions are bona-fide, accurate and processed in line with established policies and procedures and coordinate the review of all payment vouchers to both internal and external parties.
• Keep abreast of global and local best practice as it relates to the internal audit operations.
• Establish and maintain relationships with key internal and external stakeholders.
• Coordinate the review of business/ operating processes and practices and information systems to ensure the adequacy of existing controls as well as mitigate errors, irregularities and fraud.
• Perform investigations into suspected fraudulent/sharp practices across the organisation and recommend the appropriate line of action in response to findings.
• Investigate client complaints and provide reports on same.
• Prepare audit reports and advise units and committees on departure from policies, procedures, and other exceptions.
• Prepare/compile agreed periodic activity and performance reports for the attention of the CEO and relevant Board Committee.
• Good back up support on operation/ transaction review.
• Perform any other duties as assigned by the CEO/ Board.

KEY PERFORMANCE INDICATORS

• Savings on income leakages
• Timely and discreet execution of investigations
• Number of timely conducted audits
• Reduced fraud cases
• Comprehensive, clear, and constructive audit and fraud reports
• Reduced number of mitigated risk
• Minimum exceptions found by external auditors

COMPETENCE REQUIREMENTS
Core Skills

• Knowledge of audit techniques and methods required
• Knowledge of corporate governance practices
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data
• Ability to read large volumes of documents effectively and extract necessary information
• In-depth understanding of the organization’s business issues

Communication & Presentation

• Good report writing skills
• Negotiation
• Working knowledge of Microsoft Office Suite & the Internet
• Generic Skills
• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation
• Team work

SPECIFICATION/ QUALIFICATION

Qualification

First degree or its equivalent in a numerate discipline (Accounting, Economics, Finance, etc), MBA or Master’s degree in Finance or Accounting required

Minimum Experience

4 years relevant experience of which at least a year must have been spent in a similar role in the financial services industry

Professional Membership

Chartered membership of ICAN/ ACCA required