Finance Officer

Designation: Finance Officer
Reporting Line: Finance Manager, ABC Investment Services Limited t/a ABC Asset Management Company
Location: Lusaka

Job Purpose:

• The role holder will ensure that the business keeps precise records of incoming and outgoing payments.
• Duties include arranging payment requests, making payments for services, verifying accounts payable and receivable, and researching financial account activity.
• Conduct daily bank reconciliations, post entries to the General Ledger, and ensure accuracy of accounting records.
• Prepare regulatory returns, financial reports, and present them to higher management.
• Evaluate financial internal control systems and provide necessary suggestions.

Key Outputs & Responsibilities:

1. Process financial transactions and conduct daily bank reconciliations for all records of incoming and outgoing payments.
2. Assist in the preparation of departmental budgets, variance reports, and commentary, making use of KPIs to monitor compliance.
3. Produce timely Management Information on financial positions and forecasts to allow for effective financial management decisions.
4. Prepare monthly and quarterly regulatory returns.
5. Ensure that all daily financial transactions are executed in line with procedures and policies, and that the maker-checker process for all financial transactions is conducted within the required governance framework.
6. Work with the front-line teams to identify new income generation initiatives and ensure financial controls and efficient processes are adhered to, avoiding any income or balance sheet leakage.
7. Work with the Finance Manager in preparing annual statutory year-end requirements, agreeing timetables and responsibilities with all involved, with the primary focus being to achieve a clean audit.
8. Support the Finance Manager with cash flow forecasting models that support the fund’s strategic business plans and help track daily positions within the business.
9. Ensure timely preparation, submission, and payments of all statutory returns.
10. Conduct regular risk reviews around financial controls and processes and ensure that an enhanced control process is provided for efficient control culture. Escalate any significant control failures to the Finance Manager in a timely manner.
11. Support the Finance Manager during internal and external audits.
12. Contribute to team meetings and organizational priorities, and be proactive in keeping up to date with developments affecting the role.
13. Carry out other associated duties as may arise, develop or be assigned in line with the broad remit of the post, and support diversity and equality of opportunity in the workplace.

Qualifications & Experience:

• Grade 12 School Certificate with 5 credits, including English and Mathematics.
• Degree in Accountancy, CA Zambia, ACCA, or CIMA.
• Highly proficient in Microsoft Excel and PowerPoint applications.
• 2-5+ years’ experience either in multiple roles across a bank or in a central finance role running a fund.

How to Apply:

• Interested applicants who meet the job requirements should e-mail their CVs to recruitment@mfz.co.zm.
• Ensure to include the job applied for in the subject field.

Closing Date:

• Tuesday, 24th December 2024
• Only shortlisted candidates will be contacted.