FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures.
In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.
FairMoney thrives on its diverse workforce, bringing together talent from over 27 nationalities. This multicultural team drives the company’s mission of reshaping financial services for underserved communities. To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch informative .
Job Summary
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. We are currently looking for a Finance Manager.
Key Responsibilities
Monthly Management Reporting
- Review monthly management report prepared by accountants and sign off.
- Ensure there are relevant schedules supporting the items on the financial statement.
- Train and motivate accountants.
- Resolve issues raised by the financial control units and other reviewers timely and accurately.
Variance Analysis
- Identify drivers for financial statements line items
- Analyse the variance between actuals and budget as well as change over time.
- Recommend corrective actions for adverse variances.
Regulatory Reporting
- Ensure CBN returns is submitted on or before the 5th day of the month.
- Ensure the NDIC report and other regulatory returns are submitted as at when due.
- Manage CBN audits.
Year End Close/Statutory Audits
- Lead the annual statutory audit.
The ideal candidate will be
- A qualified accountant (ACCA, ICAN).
- Must be very good with IFRS.
- Have an Advanced Microsoft Excel Skills.
- SQL and other data analytics skills are major advantage.
- Have a minimum of seven (7) years of experience.
- Experience in audit and/or financial service industry is necessary.
- Must have excellent leadership and interpersonal skills.
- Be an effective team player with a positive attitude.
- Must be able to work without supervision.
- Private Health Insurance.
- Pension Plan.
- Paid Time Off.
- Hybrid Work Model.
- Training & Development.
Recruitment Process
- A screening interview with one of the members of the Talent Acquisition team.
- Technical Interview with the Chief Financial Officer.
Top Skills
What We Do
FairMoney is building the leading mobile bank for emerging markets. Our goal is to rebuild Africa's money story by offering Tier 1 digital financial services to merchants and consumers alike.
In our key market; Nigeria, FairMoney is currently the Most downloaded fintech app in Nigeria with over 10 million downloads and the #1 digital bank in Nigeria.
FairMoney offers a range of digital financial products including, near-instant digital loans 24/7, investment products, savings, payments, and cards directly via its mobile app.
We give 10,000 loans daily (one every 8 seconds!) in Nigeria and India, and have banking operations in Nigeria, with over 6 million users.
We're backed by international investors and have raised a total of $89.9M in funding, to support our development.
FairMoney is unique thanks to its international exposure (with offices on 3 continents) and its impact-driven mission: we bring financial inclusion to underbanked people in emerging markets!
We are a team of close to 600 people, and for most of the positions, it's possible to join FairMoney remotely or in one of our offices: in Paris, Bangalore, Lagos, and Riga.
We value candidates who embrace our company values:
• Growth Mindset – We believe in the power of a Growth Mindset, not fixed or static.
• Big Plans, Bigger Ambitions - We make big plans, and have even Bigger Ambitions. We are here to build massive scale and drive the fintech revolution across Africa.
• Talent has no passport - We believe that Talent Has No Passport. While opportunity may not be evenly distributed across the world, talent is.
• Start with the Client – We Empathize with our users to optimize our impact. Many of us don’t live where our customers do - we must go in-depth to understand their pain points.
Discover our other values during your discussions with the team.
https://apply.workable.com/fairmoney/?lng=en
