Investment Analyst - Abuja At Fairmoney

About the role

• Weekly/Monthly Liquidity report:
• Generate weekly and monthly liquidity reports to assess the availability of funds for investment activities.
• Ensures funding of NIP -Zenith settlement and regularizes before COB.
• Monthly Analysis of Deposit Maturities:
• Conduct a monthly analysis of deposit maturities to track the timing and amount of deposits reaching maturity.
• Evaluate the impact of maturing deposits on cash inflows and investment opportunities.
• Collaborate with wealth managers to ensure timely renewal or rollover of maturing deposits.
• Weekly/Monthly Deposit Schedule Reconciliation:
• Perform monthly reconciliation of deposit schedules with bank statements, deposit schedules and NetSuite records.
• Identify and investigate any discrepancies or irregularities in deposit transactions.
• Liaise with banking partners and internal stakeholders to resolve reconciliation issues and ensure accuracy of deposit records.
• The reconciliation report for a month needs to be made ready on the 1st business day of the following month.
• Monthly Computation of Withholding Tax (WHT) on Bank Interest:
• Calculate withholding tax (WHT) on bank interest remittances in accordance with regulatory requirements and tax laws.
• Validate interest income data from bank statements and reconcile with Netsuite records.
• Prepare accurate WHT computations and ensure timely remittance to tax authorities.
• Wealth Management OKRs:
• Ensure liquidations and all payments are treated timely and processed error free. Liquidation requests received before 12pm must be treated latest 12:30pm and those after 12pm, must be treated latest 4pm. Ensure follow-ups on every transaction till it's closed.
• Ensure every booking instruction received is treated within 24hrs.
• Respond to, and acknowledge inquries within 25mins of receipt.
• Escalate issues surrounding Liquidations, Bookings etc. and being proactive to resolve such issues raised by either customers, RMs or finance.
• Timely collation and submission of reports as requested. This includes incentives, and maturity reports.
• Effective communication with team members and other department.
• Collaborates with others in the wealth management team and across the organization, offering assistance and actively being helpful where needed.

Requirements

• Bachelors in accounting or numerate discipline Degree; studying towards obtaining a chartered accountant.
• Experienced in financial institution, especially Fintech (ie large base of transactions), would be an advantage.
• High level of accuracy, attention to details and Good analytical skills.
• Aptitude for numbers and attention to details.
• Have a good Microsoft Excel Skills.
• Be an effective team player with a positive attitude.
• A track record of constantly looking for ways to do things better.
• Be Smart and agile
• Focused on timelines and milestones; extremely organised
• Need for an enthusiasm and interest in the role ie accounting, reporting, cost control.