Fintech is entering a new phase where operational and commercial excellence has become critical for success. A separate Company has been set up to drive financial products and services to expand the reach and speed of operations. There is an increased focus in the commercial areas, new products and services and scaling up of Digital capabilities. The incumbent must therefore ensure the successful delivery in context of:

• An expertise-based multicultural Fintech organisation 

• A dynamic and evolving field of Fintech/Financial Services industry

• Revolutionary workforce practices which are bringing together global labour markets

• Convergence in markets and exploration of non-traditional revenue streams requiring complex interpretation and structuring

• Evolving industry sector constantly presenting new challenges and opportunities to the core businesses

• Agile ways of working

Strategy & Analytics, Budgeting, Data and Reporting

• Execute policies, procedures and guidelines cascaded by the functional lead and ensure compliance with the same

• Comply with the set governance mechanisms, under supervision from the functional lead

• Evaluate the efficiency and effectiveness of Accounting strategies and propose and offer suggestions for improvements

Accounting Operations

• Manage the monthly financial close process, including ensuring all costs incurred are properly recorded, reviewing journal entries, account balance reconciliations and report preparation

• Participate in the ongoing development/establishment, review and implementation of process and system changes for accounting activities

• Participate in strategic financial projects including upgrades and implementation of systems and software

• Ensure compliance with internal control policies 

• Collaborate with external auditors to ensure successful audit results and compliance

• Interact at all levels and with budget owners or other stakeholders to produce timely, efficient and accurate month-end close and all internal management and financial reporting through annual report

• Administers one or more accounting systems: Journal entries, General Ledger, Accounts Receivables, Accounts Payable, Revenue Reconciliation, Cash Flows, etc. in accordance with GAAP policies and procedures. 

• Posts ledger and general journal entries.

• Reconcile bank accounts and statements

• Perform period end activities, (Closing GL, balance sheet reconciliations etc)

• Perform fixed asset accounting

• Ensure that accruals are complete and accounted for monthly

• Prepare and load monthly cash flows

• Load, match and post transactions in the system, including non-cash transactions for Cash Flow Statements

• Balance off all intercompany accounts on a monthly basis (ensure no intercompany validations in the system)

• Prepare all General Ledger reconciliations including all third party loans reconciliations

• Management fees – calculate management fees per the Management and Service Fees contracts

• Maintain the fixed assets registers for the Opco 

• Responsible for hierarchy and scalability in chart of accounts and accuracy in the general ledger and financial statements and exercise authority over classification and booking of all transactions

• Analyze the effect of statutory accounting practices and study regulations and guidance to ensure correct application of Generally Accepted Accounting Principles

• Prepare cost centre operating expenses reports and send to the relevant cost centre owners. Liaise with Management Accountants.

• Resolve all operating expenses allocation queries

• Authorise all re-allocations in consultation with budget holders

• Make recommendations for changes as needed and ensure that company policies and procedures are followed and establish the proper techniques to discover and prevent fraud

• Prepare detailed journal entries and account analyses

• Assist with compilation of information for preparation of tax returns

• Work with Audit, Tax and Treasury Manager to ensure overall coordination of all financial accounting activities through annual report

• Prepare summary feedback of financial statements variances to budget

• Actively review and advise on financial/accounting processes

Other tasks and duties, as assigned