Head of Finance and Settlements
FinTech
Job Summary
Location : Nairobi Kenya
Total View :236
Job type : Full Time
This job has already expired
Industry
FinTechJob Description
JOB SUMMARY
You will oversee financial operations, including providing and interpreting financial information, managing accounts receivable and accounts payable (AR & AP), managing cash flow, ensuring timely settlements of merchants and advising on future trends. You will also be responsible for minimizing financial risks and ensuring budget preparation, audits, and regulatory compliance
QUALIFICATIONS
- Bachelor’s degree in finance and accounting
- CPA (K) professional
- A minimum of 7+ years’ experience in finance & accounting in a FinTech setting with 3 of those
years in senior management.
- Knowledge of Regulatory Reporting & Compliance (IFRS/GAAPS/Tax).
- Strong understanding of payment systems, settlement cycles, and reconciliation
- Financial Control & Reporting
- In-depth knowledge of treasury operations and liquidity
- Experience in working closely with executive staff and directors is
- Knowledge of accounting software g Xero will be an added advantage
- Good communication skills, especially with high level stake holders
- Ability to motivate the team and lead by example
- Able to identify, mentor and grow the leadership potential of members in your team(s)
- Effective time management - to ensure adherence to strict deadlines for financial reporting, filing, and audits.
- Experience with advanced excel is a must
- Consistent, accurate, and thorough with an eye for details
DUTIES & RESPONSIBILITIES
Financial Strategy and Planning
- Oversee annual budget preparation by liaising with various departments throughout the budgeting cycle and conducting reviews with department heads on budget utilization, ensuring strict budgetary compliance and zero deviation from approved
- Develop and execute financial strategies to support business growth, profitability, and
- Provide strategic financial input in decision-making and play a key management and leadership role in executing efficient processes across the
- Develop and maintain financial policies and procedures to ensure compliance with accounting principles, standards, and
- Serve as the custodian of the reporting systems, ensuring that the financial system and BI tools effectively meet the financial requirements of the business within established
- Align and review solutions/products pricing with the market demands and customer value
TREASURY MANAGEMENT
- Monitor cash flow, liquidity, and working capital to ensure financial
- Manage relationships with banks, financial institutions, and payment processors.
- Oversee the treasury operations, including payments, transfers, and account
FINANCIAL REPORTING
- Deliver real-time insights into business performance and financial results of the topline, conducting variance and sensitivity analyses on revenue and margin performance for merchants, verticals, and products on a daily, weekly, and monthly
- Oversee the month-end and year-end closing process and prepare financial statements and reports
- Manage all accounting operations, including billing, accounts payable, accounts receivable, general ledger, and financial reporting.
SETTLEMENTS
- Oversee the weekly preparation of merchant and partner statements, ensuring that they are shared with the respective clients and that funds are processed within the
- Manage end-to-end settlement processes across multiple payment gateways, banks, and
- Ensure timely and accurate reconciliation of transactions, refunds, and
- Ensure timely settlements by acquirers through report requests, verification, and accurate sharing of payment details with them
COMPLIANCE
- Ensure compliance with financial regulations, including AML, KYC, PCI DSS, and
- Ensure all tax returns are filed on a timely basis as per the relevant
- Collaborate with external auditors and provided the necessary support to ensure timely and accurate
- Identify and establish processes to enhance governance and compliance within the organization
- Ensure that company assets are insured and that any additional required insurance is secured when due and upon acquisition
PARTNERSHIPS & COLLABORATIONS
- Work closely with partners, acquirers, aggregators to align financial operations with business objectives.
- Foster strong working relationships with cross-functional teams, including Business, Customer Service, Technical, HR and Operations to provide strategic financial advice and enhance overall business performance.
TEAM MANAGEMENT
- Lead and mentor the Finance and Settlements team while fostering a culture of continuous improvement and operation excellence.
- Coordinate with finance team to complete assigned accounting tasks within