Job Vacancy: Job title: Finance Associate
Job description: Kora is a payment infrastructure for Africa. We offer plug-and-play payment solutions for businesses to launch a tailored payment experience for their customers.
At the front and center of what we do every day, we are creating a future void of digital financial barriers across Africa. We are committed to delivering secure, reliable, and easy-to-use digital financial solutions to customers with a guarantee that they are improving their lives.
To achieve this mission, we need people like you. We value positive energy and clear communication and are committed to building an inclusive environment for people from every background. We strongly believe in our ability to find Water in the Desert and pick the Sands in the Ocean.
About The Role
We are looking to bring in someone who is skilled in finance and has solid experience working in a business that operates multiple currencies across multiple countries.
From Day 1, we will need you work with other team members to streamline and improve our accounting functions and operations, create an accounting system that can scale and provide leadership through thoughtful analysis and reports of our financial data. We also need you to champion regulatory and industry compliance by providing timely audited reports to authorities.
You will be responsible for preparing our financial statements and analysing all the trends, patterns and inconsistencies hidden in our financials. The overall responsibility for improving our organisation’s financial performance and directing our accounting operations will rest with you.
This role is also expected to prepare MPR reports and trigger reviews of budget and budget performance for both cost and revenue on a monthly and quarterly basis, to ensure we achieve our year on year revenue targets.
We expect that you will be a team player who is thorough and proficient at risk evaluation and management, forecasting revenue and monitoring expenses, implementing proper internal controls, and is deeply passionate about ensuring accuracy of financial information.
Reporting Relationships & Stakeholder Engagement:
- Report to the (CFO) Chief Financial Officer (
Ayodeji Osisami) and working as part of the highly analytical and detail-oriented Finance Team. * Working collaboratively with every team in the company.
Requirements
What you’ll be doing:
- Manage the accounting books and the preparation of daily and monthly journal entries and supporting schedules for areas of responsibilities in the organisation, with focus on group assets and liabilities, including but not limited to: corporate cash, fixed assets, prepaids, intangibles and accounts payable.
- Create monthly and annual reports to identify results, trends, and financial forecasts.
- Establish and implement financial reporting systems to comply with government regulations.
- Prepare balance sheet account reconciliations and variance analysis to ensure financial statement accuracy.
- Prepare and ensure the MPR (Monthly Profitability/Performance Report) review sessions holds monthly or quarterly., liaising with the Head, Finance on appropriate time and mode of conducting the MPR.
- Manage cash flow by tracking transactions and regularly reviewing internal reports.
- Participate in the audit process to ensure proper compliance with all regulations.
- Develop budgets and financial plans for the company based on research and data reports.
- Foster a culture of continuous improvement to the systems, processes, and procedures to improve the overall performance of the Finance team.
- Develop and document business processes and accounting policies to maintain and strengthen internal controls
- Maintains accounting controls by preparing, recommending, implementing and enforcing policies and procedures.
- Perform ad-hoc reporting and analysis as needed.
What you’ll need (Competencies):
- An accounting qualification (ACA, CIMA, ACCA, CFA or equivalent).
- A minimum of 3 years experience in a similar capacity in a fast-paced B2B company, financial services, or banking industry.
- Regulatory reporting experience in a Central Bank of Nigeria regulated entity.
- Experience in a fintech startup that has a significant transaction volume.
- Experience in the design, implementation and maintenance of internal controls to mitigate the risk of material misstatement.
- You have great analytical skills, good attention to detail (able to identify and flag unnoticeable errors) and are solution-oriented.
- Understanding of IFRS reporting standards and other standards.
- Good attention to detail and good organisational skills.
- Ability to design & implement processes.
- Finally, you bring positive energy, are comfortable with change and can manage your workload effectively.
Interview process
Below is the interview process you can expect for this role. It may look like a lot of steps, but rest assured that we move quickly and the steps are designed to help you get the information needed to determine if we’re the right fit for you… Interviewing is a two-way street, after all!
We expect the interview process to take a maximum of 3 weeks and an average of 2 hours in total. Please note that the interview is virtual.
👋 Introduction Stage – we have initial conversations to get acquainted with you and overall experience.
[15m] Recruiter Screen – Abayomi Ishmael
[7 days max] Take-home Assessment/Project
Project Review – The Finance Team
Feedback from the Recruiter (Abayomi Ishmael)
🧑💻 [60m] Team Interview Stage ( The Finance Team) – We proceed to explore your professional background in greater detail and facilitate introductions to team members, including those from various cross-functional areas.
[60m] Cultural Fit Interview ( ) – At this stage, you’ll engage in a conversation with Kora’s COO, the Head of People and Culture, and the head of the team you’re being considered for. The aim is to understand you better and assess the alignment of your beliefs and values with Kora’s distinctive culture. We’d like to emphasise that there are no right or wrong answers expected. However, we encourage you to maintain a positive attitude during this session.
Please note that you are welcome to ask questions and inquire during this process. We assure you of complete transparency throughout the interview process.
Working hours
Given that we are an all-remote company and hire almost anywhere in the world, we don’t have a location requirement for this role. However, your working hours must coincide with 9:00 am – 5:00 pm WAT for at least 40 hours/week.
Equal Opportunity Employer
Kora is an equal opportunity employer dedicated to building an inclusive and diverse workforce. All employment decisions are based on qualifications, experience, and business needs. We strongly encourage applications from underrepresented communities and diverse ethnic groups to apply.
If you need any accommodations to facilitate your participation in the recruitment process, please feel free to inform us. Any details you share will be used solely to ensure we can support and accommodate your needs appropriately
If you require more information on our HR Data Privacy, please visit
Note: We recognize imposter syndrome is real – any candidate who does not perfectly fit every characteristic of this role is still strongly encouraged to apply.
Benefits
- Health insurance
- Sponsored and tailored training
- Paid parental Leave
- Paid time-off
- Flexible work style
- Annual performance bonus
- Low-interest loans
- Employee assisted programs
- Day off on your birthday 🙂
- Great company culture and the opportunity to work with a highly collaborative team building something great!
Note: We recognize imposter syndrome is real – any candidate who does not perfectly fit every characteristic of this role is still strongly encouraged to apply.
Location: Nigeria
Job date: Sun, 07 Jan 2024 23:00:10 GMT
Apply for the job now!
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