Portfolio Finance Business Partner at Founders Factory Africa

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
Employment Type: Full-time

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

Experience Required

• A B.Com / Accounting Degree is preferred
• Preferably a qualified accountant
• A minimum of four years post-qualified working experience in a finance role
• Experience working in a startup or high-growth business would be preferable
• 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
• Experience with Forex transactions advantageous
• Accounting software tools (SYFT, XERO, Quickbooks, others)
• Good Excel skills.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online