Vale Finance Limited is a full-fledged finance company that delivers a bouquet of bespoke financial solutions to help businesses and individuals power their dreams through savings, loans, payments and Investments. Vale Finance Limited (RC 1579883) was incorporated with the Corporate Affairs Commission in 2019 and offers financial services to Individuals, large corporates, SME’s, High Networth Individuals (HNI).DescriptionÂ
Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
Preparation of monthly Management Accounts & yearly financial statements including computation of relevant ratios.
Valuation of Financial Assets and Liabilities in line with International Financial Reporting Standards (IFRS)
Monitoring the Company’s operating expenditure and overseeing the accrual & prepayment process to prevent volatilities of earnings.
Prepare the annual and monthly budgets and monitors adherence to budget through monthly performance reviews.
Prepare a cash flow projection for the company and manage liquidity.
Prepare tax returns and comply with corporate reporting requirements. Ensure that all statutory deductions and tax returns are filed on time.
Ensure Bank reconciliation is performed weekly and ensure daily posting of transactions and period-end journals.
Reviews invoices, receipts and other documents supporting transactions to verify the accuracy.
Prepare, review, and analyse monthly financial statements and report any variances to management, while identifying areas for improvement
Coordinate the month-end, quarter-end and year-end closing processes.
Coordinate the statutory audit of financial statements and ensures that they are filed with
FIRS and other regulatory authorities on time.
Monthly review and processing of the payroll schedule, and preparation of month-onmonth variance analysis.
Assist with special projects when required.
Ensure that all finance policies and procedures for the company are strictly adhered to.
Comply with federal, state, and local financial regulatory requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
Support fundraising activities and manage existing shareholder and debt provider reporting requirements, including the management of financial covenant monitoring and reporting.
Contribute to building a system of strong controls over financial reporting and business operations.
Be actively involved in business process review and improvement.
Support automation and digital transformation projects in the company.
Preparation of Quarterly reports to Board and Board committees.
Preparation of accounting policy changes for review by the supervisor within 4 weeks after the communication of the new standard.
Assessment and implementation of new accounting standards/policies and preparation of financial statements.
Requirements
Interested candidates should possess a Bachelor’s Degree in relevant fields with 4 – 7 years work experience.