30 May 2021

Full-Time Financial Accountant

FairMoney – Posted by dailyjobsnigeria Lagos, Lagos State

Job Description

FairMoney is building the leading mobile bank for emerging markets.

They started with a digital microcredit application on Android, and are rolling out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

So far they disbursed over 3,000,000 micro-loans and give more than 7,000 loans daily. They are backed by top notch US/EU investors and have raised over USD 15m Venture Capital to support a stellar growth. They are a team of +100 between Paris, Lagos, Bangalore in Engineering (Android, Data, Backend), Product, Marketing, Risk & Data Science and Operations – and they won’t rest before the FairMoney app is in the hand of millions!

Their values

Start with the client πŸ“Š

We are passionate, optimize for our users, care for our impact

Own, don’t rent πŸ’₯

We strive for ownership and don’t rest until what we own is accomplished

Scientist mindset πŸ‘©β€πŸ”¬

We solve large challenges, break them into small pieces, make well reasoned conclusions

Churn 9-5 🎯

Work should is something we love and embrace * that we measure in tasks achieved, not hours completed

Fly High – Fly Low πŸ™Œ

We fly high to make big and bold plans – strategize

We fly low and put our hands in the dirt to ensure the detailed high quality output of us and those that we manage

70/30 ⚑

We value execution speed and making decisions with 70% of the available data and a 30% margin of error over 100% accuracy and being blocked by over-analysis

Direct Feedback 🀝

We don’t carry frustration with us but give direct feedback to our colleagues regularly to make sure we all improve and get better

Radical Focus πŸ”Ž

Our mantra is to start with the question, β€œWhat should not be done this week to increase the focus on the things that really matter

Job description

You will be working as our Financial Accountant in our Finance Division which is now composed of 4 people worldwide. You will be based in Lagos, Nigeria (currently our largest market) and working with our finance team based in Paris.

The Finance department at FairMoney is a key component in this mission to provide banking services to all consumers across emerging markets. Finance drives the reporting, the strategic analysis and the financial operations to make FairMoney’s mission possible.

πŸ”§ We are waiting for you to work on :

  • Monthly postings, accurate calculation of monthly accruals/prepayments, including journal preparation;
  • Preparation and review of the monthly Statement of Profit or Loss and Other Comprehensive Income (SOCI), the Statement of Financial Position(SOFP) and Statement of Cash Flow;
  • Preparing and maintaining intercompany reconciliation including calculation of monthly intercompany transfer/transactions and any resulting FX gain/loss;
  • Facilitating the year end process by providing assistance with the preparation of the final account and the consolidated account;
  • Providing the necessary support for the statutory annual audit, regulatory audit and tax audits by making relevant schedules and source documents available on time;
  • Ensuring that the PAYE, Pension, WHT and VAT are appropriately deducted and remitted;
  • Maintain the fixed asset register and ensures that controls put in place to safeguard the company’s asset are complied with

Preferred experience

  • Bachelors in accounting or numerate discipline degree;
  • A qualified accountant (ACCA/ICAN);
  • Experience in the financial services sector, especially Fintech (with transaction volumes), would be an advantage;
  • Good analytical skills, high level of accuracy and attention to detail;
  • Have advanced Microsoft Excel Skills;
  • Have proven experience within an accounting department;
  • Be an effective team player with a positive attitude;
  • A track record of constantly looking for ways to do things better;

Recruitment process

  • Phone screening of ~30 minutes with Titi – our HR & Talent Manager in Lagos;
  • Technical Test (timed);
  • Technical Interview with Tomide, Finance Manager (Lagos)
  • Quick Fit Call with Ismael, Finance Manager (Paris)
  • Last call with Yaw – Head of Finance.


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Job Categories: Accountant & Audits. Job Types: Full-Time.


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