Senior Finance Officer at Progressive Credit Ltd

Senior Finance Officer at Progressive Credit Ltd

Job Type: Full-time

Experience: Senior or Executive Level

Deadline: September 30, 2023

About the Company: Progressive Credit Ltd, a leading non-deposit taking Microfinance institution renowned for its flexible financial solutions, is dedicated to empowering customers to achieve success. With a strong presence in key towns across the country, we are committed to providing convenient and reliable financial services. We are currently seeking dynamic, highly qualified individuals with exceptional leadership skills to join us in the role of Senior Finance Officer.

Job Purpose

As a Senior Finance Officer, you will play a pivotal role in the management of finances, ensuring the smooth operation of our financial activities. This includes handling financier payments, generating essential reports, conducting bank reconciliations, and overseeing imprest management. Additionally, you will provide critical support to the Head of Finance in executing the department’s responsibilities.

Duties & Responsibilities

Financier Management

• Prepare payments to all Financiers as per offer letters, utilizing bank cheques, and promptly send updated loan statements.
• Post new loans from financiers and issue receipts.

Reports Management

• Ensure the timely generation and preparation of critical reports, including balance sheets, branch profit and loss statements, company financials, loan register, sector reports, funding level reports, liquidity reports, and any other necessary reports.

Budget Preparation

• Co-ordinate, harmonize, and consolidate all budgets, actively participating in budgetary controls.

Bank Reconciliation

• Conduct thorough bank account reconciliations, verifying and accurately posting transactions.

Imprest Management

• Prepare payment vouchers for imprest disbursements, distribute to imprest holders, and ensure the proper clearance and posting of all accounted imprests in the system.

Restructure and Rescheduling

• Post restructures and reschedule loans as per approved guidelines.

Branch Support and Monitoring

• Provide support to branches where necessary, overseeing the management of assets, stationery, petty cash, and other finance-related items.

Tax Return Filing

• Generate and file marketer’s commission withholding tax (WHT) to ensure compliance with tax regulations, avoiding penalties for the company.

Qualifications and Experience

• Bachelor’s degree in Business Administration or Finance, or an equivalent qualification from a recognized university.
• CPA finalist and a Member of ICPAK.
• Proficiency in various computer accounting packages.
• Minimum of five (5) years’ experience in a fast-paced accounting/finance and administration environment.
• Strong knowledge of budget management and control principles.
• Skills in flexibility, problem-solving, accuracy, and excellent communication and interpersonal skills.

How to Apply

Interested candidates should submit their applications and updated CV to careers@progressivecr.com with the subject line clearly marked as “Application for Finance Officer Position.” Please ensure your applications reach us on or before 30th September 2023.

Progressive Credit Limited is an equal opportunity employer.

Expert Tips To Be A Successful Applicant

• Tailor Your Resume: Customize your resume to highlight your relevant experience in finance, including specific achievements and responsibilities similar to those listed in the job description.
• Showcase Your Leadership Skills: Provide examples of your leadership abilities, such as successfully leading a team or spearheading financial initiatives.
• Demonstrate Your Tech Proficiency: Emphasize your proficiency in various accounting software packages, showcasing your ability to adapt to different systems.
• Highlight Budget Management: Share instances where you’ve managed budgets effectively, underscoring your ability to control costs and optimize financial resources.
• Emphasize Problem-Solving: Describe situations where you’ve encountered financial challenges and how you effectively resolved them, demonstrating your problem-solving skills.
• Communicate Your Interpersonal Skills: Share experiences that illustrate your excellent communication and interpersonal abilities, which are crucial in a collaborative finance environment.