Finance Associate (Banking & Cash Management) - Ethiopia

Employer: Inkomoko

Job Time: Full-Time

Job Type: Permanent

Place of Work: Ethiopia - Ethiopia

Posted date: 2 hours ago

Deadline: November, 07/2024 (9 days left)

Inkomoko supports entrepreneurs to grow their businesses to improve livelihoods, create jobs, and help communities thrive. Nearly 80% are refugees, women, and youth.

Founded in 2012, Inkomoko has worked with more than 60,000 entrepreneurs across East Africa, including thousands of refugee entrepreneurs. Inkomoko provides a combination of training, consulting, access to finance, and market-level systems change. We are the largest lender to refugee entrepreneurs in Africa.

Inkomoko has 600 staff in 30 offices across Chad, Ethiopia, Kenya, Rwanda, and South Sudan. Through Inkomoko’s 2030 strategic plan, we are adding 3 additional countries to serve more than 550,000 entrepreneurs and disbursing more than USD 150M in finance.

Company Values

All staff at Inkomoko are connected to a shared set of organizational values:

• Purpose: be solutions-oriented, produce high-quality work, and be a global leader.

• Achievement: push yourself to reach beyond what you previously thought possible.

• Improvement: be humble, and engage in continuous growth through open & accurate feedback.

• Bravery: willing to take risks, create a safe space for others, and be compassionate, and inclusive.

• We Eat Goat: we celebrate success and support each other in hard times. We do this work together in the spirit of turikumwe, tuko pamoja, abren nen, Kula na sawa.

Inkomoko is an affirmative action/equal opportunity employer. Persons who reflect the diverse communities we serve are strongly encouraged to apply.

All staff at Inkomoko are connected to a shared set of organizational values: Purpose: be solutions-oriented, produce high-quality work, be a global leader. Achievement: push yourself to reach beyond what you previously thought possible. Improvement: be humble, and engage in continuous growth through open & accurate feedback. Bravery: willing to take risks, create a safe space for others, be compassionate, and inclusive. We Eat Goat: we celebrate success and support each other in hard times. We do this work together in the spirit of turikumwe, tuko pamoja, abren nen, Kula na sawa, On est ensemble. Inkomoko is an affirmative action/equal opportunity employer. Persons who reflect the diverse communities we serve are strongly encouraged to apply.

The Banking & Cash Finance Associate is accountable for managing company bank accounts and cash, and requires the highest level of integrity and responsibility. This person is responsible for ensuring the funds transferred out accurately reflect the authorized payments as well as maintains relationships with banking institutions, in partnership with the Treasury & Loan Manager. This position will also be cross-trained with other areas in the Finance Department, and has specific responsibilities.

Responsibilities

This role has specific responsibilities of:

Banking (40% time)

• Process supplier payments and funds to staff timely and ensure they are properly supported

• Petty cash management

• Mobile money management

• Initiate payment requests in company accounting software and banking

• Monthly bank and accounts reconciliation, supporting the monthly closing process

• Maintain banking relationships and banking hygiene, including monthly bank statements, raising issues to the bank, overseeing accurate access to bank accounts based on companies’ approval matrix

• Follow all internal control procedures to prevent fraud

• Proper recording of all banking, mobile money, and other wallet transactions

Project Cash Management (40% Time)

• Post all petty cash transactions

• Ensure petty cash replenishment is timely; always have cash available

• Maintain petty cash float and petty cash transactions at the approved limit

• Monitor operational advances, petty cash accounts, and prepayments;

• Support review of requests for petty cash accounts and operational advances;

• Review reconciliations and settlements of petty cash & operational advances;

• Respond to requests from offices related to cash management;

• Track operational advances, petty cash, and related procedures

• Assist in the review and vetting of vendor information before payment request

General Finance Administration (20% time)

• Any additional bookkeeping: collecting, organizing, and recording complete, accurate, and timely company financial information to facilitate day-to-day operations

• Review general ledger transactions every month to ensure completeness, cut-off, occurrence, and accuracy of recorded transactions

• Ensure transactions are accounted for in accordance company’s policies and IFRS

• Ensure tax compliance to accurate billing and payments

• Provide support to finance colleagues and other company management as required.

• Clerical duties, including filing, and photocopying

• Collecting supporting documents from staff and suppliers

• Maintain accurate records in Odoo

• Other duties as may be required

Job Requirement

Minimum Qualifications

Successful candidates will have both technical skills in finance, plus alignment with company vision and values. Successful candidates must navigate fast-paced environments with enthusiasm and incredible attention to detail. Minimum qualifications include:

• University degree in Finance, Accounting, or related field

• Professional qualification (CPA, ACCA, CIFA, or CFA) will be an added advantage.

• A minimum of 2 years of work experience in finance in Cash and Bank transactions

• Skilled in the use of Microsoft Word, Excel, and PowerPoint presentation

• Analytical skills with the ability to pay attention to details

• Ability to meet deadlines and work independently with the highest level of personal integrity

What You'll Get

This role is inside a high-growth, mission-driven social enterprise. By joining, you’ll access:

• Competitive salary, and potential Performance-based bonus

• Incredible company culture, with opportunities for learning and growth

• Diverse colleagues across the region, and policies that demonstrate commitment to equity and inclusion

• Ability to make a significant social impact to your community

• Health insurance for self and family

• Staff savings and provident fund, negotiated bank rates for long-term employees

• Generous annual leave, parental leave, and sabbatical options.

How to Apply

Apply using THIS LINK