Finance Account Officer at Yehu Microfinance Services Limited

• The Finance Officer/Accountant is a crucial role in the organization, responsible for implementing the strategic Finance Function to achieve sustainable finance performance outcomes organization-wide and at branch levels

Key Specific Responsibilities

Optimal Revenue Generation and Efficiency:

• Cultivate a culture of efficiency in resource utilization for value output.
• Make prudent day-to-day decisions to enhance optimal revenue generation.
• Explore opportunities and strategies to prevent revenue loss and capitalize on potential sources.

Compliance (Internal Controls):

• Enforce all controls within the jurisdiction for optimal revenue generation and cost efficiency.
• Oversee routine bookkeeping to guarantee accurate, timely, and complete financial records.
• Ensure timely submission of statutory returns to prevent penalties.

Risk Management:

• Empower Branch Administration Officers in line with finance function guidelines.
• Oversee branch reports for timeliness, completeness, and accuracy.
• Collaborate with other departments on functional matters and oversee the Branch Finance function.

Strategy Development and Implementation:

• Support the implementation and evaluation of annual plans for branches.
• Assess factors that may undermine plan effectiveness and proactively offer remedial actions.
• Participate in the budgeting process and undertake detailed evaluations of expenditures.

Funding and Fundraising:

• Analyze weekly cash flow and initiate remedial measures for optimal revenue generation.
• Manage cash balances, reconcile accounts, and invest idle funds proactively.

Staff Support, Empowerment, and Accountability:

• Inculcate financial skills in branches for day-to-day execution of job functions.
• Coach and mentor staff for effective oversight and empower them with necessary skills.
• Hold staff accountable for performance and outcomes.

Behavioral Competencies

• Uphold a high level of personal and professional ethics in every aspect of the job.
• Ability to operate independently, making informed decisions when necessary.
• Consult and clarify where necessary, demonstrating a balance of independence and teamwork.
• Build positive relationships with colleagues, customers, and stakeholders.
• Demonstrate the ability to work well with people, maintaining fairness and firmness in all interactions.
• Possess excellent written and verbal communication skills.
• Demonstrate proficiency in report and proposal writing, as well as effective presentation skills.
• Exhibit a strong work ethic, efficiency, and effectiveness in delivering on job responsibilities.

Key skills requirement

• Capacity to prepare complex financial statements in compliance with accounting standards and regulations.
• Exhibits analytical and problem-solving skills through identification of business needs, process management capabilities and initiation of solution design.
• Strong understanding of the business environment as determined by competences in business knowledge, basic technical proficiency in finance and related disciplines, interactive/communication, and negotiation skills.
• Capacity to develop frameworks to enable analysis of macro and micro environmental analysis to influence the quality of annual plans.
• Capacity to oversee the corporate annual plan process for the desired outcomes that influence the sustainable growth of the institution.
• Exhibits understanding of various capital raising instruments that form the basis of invoking relevant ones for accessing both equity and debt capital.

Job Specifications

Academic Qualifications: 

• Bachelor’s degree in finance, Accounting, or related field.

Professional Qualifications: 

• Professional qualification (CPA, ACCA) is a mandatory requirement
• A member of the Institute of Certified Public Accountants (ICPAK)

Desired work experience: 

• At least 4 years’ experience in a similar role, preferably in the financial sector with sound exposure to credit or lending and debt recovery.