Posted on Thu 14th Mar, 2024 - hotnigerianjobs.com --- (0 comments)
Founders Factory Africa (FFA) is a pan-African company investing in transformative early-stage ventures, from founders with an idea to ventures raising a Seed round.
We are recruiting to fill the position below:
Job Title: Portfolio Finance Business Partner
Location: Lagos
Job Description
We are looking for a Finance Business Partner to join our rapidly growing company.
The ideal candidate must have experience in working with startups, managing multiple sets of accounts and currencies, understanding financial and portfolio reporting, tax returns and payroll, and have a solid understanding of financial control.
The candidate is required to be highly organised, process driven with great attention to detail. The candidate must also be able to work in a fast-paced environment.
The candidate will be responsible for managing the performance of service providers such as the tax firms providing support in the various jurisdictions we operate in.
This role will report to the Financial Manager and will provide support in all finance matters.
Responsibilities
The main responsibilities of the Finance Business Partner will include providing financial advisory and operational support to the startups in our portfolio and reporting on their performance accordingly.
Portfolio support:
Providing financial accounting and financial management advisory support to the portfolio companies in the Venture Build, Venture Scale, and Venture Design Academy programs
Support the investments team by reviewing management accounts and analysing financial statements provided by portfolio companies
Support Founders with best-practice budgeting and financial management processes
Support Founders with finding the best talent for their finance functions
Preparing and documenting finance policies, processes, and related playbooks for portfolio companies
Deploying portfolio-related payments such as stipends, loans, and founder invoices related to GEN-F (Venture Build)
Management of loans deployed and tracking repayments
Compliance:
Reviewing all compliance documentation related to the portfolio companies
Ensuring that the tax compliance related to the Venture Build, Venture Scale and Venture Design Academy programs is in good standing in the various regions
Monitoring the portfolio companies against all compliance requirements including statutory audits, tax compliance and regulatory compliance.
Portfolio and Financial reporting:
Analysing, monitoring and tracking the portfolio valuations of investments made by FFA
Support Heads of Department with budget preparation and budget monitoring
Preparing the interest workings for the charitable loans
Preparing the assessment for credit losses
Reviewing the accounts to ensure bank reconciliations and all portfolio valuations are captured accurately
Preparing monthly financial and portfolio reports for the Venture Build, Venture Scale, and Venture Design Academy activities
Maintaining accurate and complete financial records in the accounting system - Xero
Other responsibilities:
Supporting the CFO and the Financial Manager with all finance matters for the Group of companies (South Africa, Kenya, Nigeria, United Kingdom, new markets)
Assisting with ad-hoc duties as and when assigned
Requirements
Experience required:
Experience working in a startup or high-growth business would be preferable
A BCom Accounting degree is preferred
Preferably a qualified accountant
A minimum of four years post-qualified working experience in a finance role
Solid accounting background with a sound understanding of accounting systems
Technical knowledge of IFRS and Tax legislation
Previous working experience with Xero an advantage (Preference but not requirement)
Skills required:
Attention to detail is imperative
Accuracy at all times when delivering work
Ability to multitask
Working with multiple sets of accounts
Strong administration skills
Maintain good time-management skills
Pro-active / takes initiative
Assertive and willing to learn
Good interpersonal and communication skills
Strong advisory skills
Solving complex challenges
An active and energetic person who wants to get involved and take control of their own career and success will do well in this position