Finance Assistant Jobs

Permanent/Full Time

1 - 3 Years

First Degree

Banking

Not Specified

Qualifications a. Minimum of a Bachelor’s degree in Business Administration, Finance, Accounting, or a related field from a recognized university. b. Part 2 qualification in any recognized professional programmes such as ACCA or ICAG.

2024-10-31

1.0 JOB PURPOSE:

As a Finance and Account Officer, you will be responsible for overseeing the financial operations and accounting functions of our organization. You will play a vital role in assessing creditworthiness, processing loan applications, disbursing funds, and monitoring loan repayments. Your primary objective will be to maintain accurate financial records, optimize financial performance, and support strategic decision-making by management.

 

2.0 RESPONSIBILITIES

2.1. Financial Transactions, Records Management and Budget forecasting:

• Manage day-to-day financial transactions, including accounts payable, accounts receivable, invoicing, and expense reimbursements.


• Maintain accurate and up-to-date financial records, ledgers, and journals using accounting software or manual systems.


• Reconcile bank statements, cash accounts, and other financial records to ensure accuracy and completeness of financial data.


• Assist in the preparation of annual budgets, financial forecasts, and variance analyses to support strategic planning and decision-making.


• Monitor budget performance and expenditure patterns, identifying areas for cost savings, efficiency improvements, or revenue generation opportunities.


• Provide financial insights and recommendations to management based on budgetary analysis and financial projections.


• Prepare payment vouchers with the all required documentations including memos, invoices, loan approval or offer letters.


• Process and present the payment vouchers along with all the necessary documentations for authorization and subsequent approval for payment or otherwise.

 

2.2. Taxation, Compliance and Risk Management:

• Ensure compliance with tax regulations, statutory requirements, and financial reporting standards, including SSNIT, VAT, PAYE and company law.


• Prepare and submit tax returns, financial statements, and regulatory filings to relevant authorities in a timely manner, minimizing the risk of penalties or sanctions.


• Coordinate with external auditors, tax consultants, and regulatory bodies during audits, inspections, and compliance reviews.


• Ensure compliance with regulatory requirements, industry standards, and internal policies governing microcredit operations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.


• Conduct periodic reviews and audits of loan files, documentation, and processes to identify and address any discrepancies, errors, or gaps in compliance.


• Implement risk mitigation measures and controls to minimize credit losses, fraud, and operational risks within the institution.

2.3. Loan Disbursement and Monitoring:

• Coordinate the disbursement of approved loans to clients, ensuring timely and accurate transfer of funds in accordance with loan terms and also confirm the details and the identities of the clients along with their guarantors as well as references for every loan approved for disbursement.


• Complete and sign all applicable checklist applicable before the disbursement of any and all approved loans.


• Maintain detailed records of loan disbursements, repayments, and outstanding balances, updating loan accounts and transaction logs accordingly.


• Monitor loan repayments and follow up with clients to ensure timely payment compliance, sending reminders and notices as necessary to mitigate delinquencies.

 

Any other duties consistent with the job purpose and prevailing situation as required and assigned by team leads/superiors.

Asylum Down Roundabout

Greater Accra

No. 55 Hill Street near Access Bank