Fund Management Officer
Ikeja, Lagos, Nigeria
Full Time
Experienced
PALMPAY is a pan-African Fintech company currently operating in Nigeria, Ghana, Kenya, Uganda, Egypt, Cote d'iviore and Tanzania and expanding to other markets this year. We provide innovative digital payment solutions that empower individuals and businesses to thrive in a fast-paced, digital world.
POSITION OVERVIEW
We are seeking a highly skilled and detail-oriented Fund Management Officer to join our team. The Fund Management Officer will be responsible for overseeing and managing the organization’s financial resources, ensuring effective fund allocation, and maintaining compliance with financial policies and regulations. This role involves coordinating investment activities, monitoring fund performance, and providing strategic advice to maximize returns while minimizing risks. The ideal candidate will have strong analytical skills, a deep understanding of financial markets, and the ability to develop and maintain relationships with stakeholders
Job Function
POSITION OVERVIEW
We are seeking a highly skilled and detail-oriented Fund Management Officer to join our team. The Fund Management Officer will be responsible for overseeing and managing the organization’s financial resources, ensuring effective fund allocation, and maintaining compliance with financial policies and regulations. This role involves coordinating investment activities, monitoring fund performance, and providing strategic advice to maximize returns while minimizing risks. The ideal candidate will have strong analytical skills, a deep understanding of financial markets, and the ability to develop and maintain relationships with stakeholders
Job Function
- Monitoring, controlling, and optimizing company's cash to ensure that all channels and products are adequately funded for smooth transaction processing.
- Reconciliation of all our bank statements and investigating and resolving all open / pending items
- Measure the accuracy of cash flow forecast (expected settlement inflow & expected channels cash consumption) against actual results.
- Evaluate the cost of acquiring funds for operations. Lowering the cost while maintaining adequate liquidity.
- Track the time it takes to for different products to receive settlement and prioritize channels with a shorter cash conversion cycle.
- Assess the effectiveness of risk management strategies and mitigating risk such as liquidity risks and interest rate risk.
- Monitor the level of cash funded in our various channels to ensure it's neither excessive, leading to opportunity cost, nor insufficient, resulting in liquidity shortages.
- Engagement with banking partners for support and resolution of issues with payments processing.
- Ensure compliance with regulatory requirements, internal controls, policies, and procedures.
- Maintain record and track our financial instruments with other banks such as fixed deposits and call deposits.
- A Bachelor's Degree or its equivalent
- At least 3 years in Digital Financial Services or banking industry experience
- Experience with electronic payment systems
- In-depth knowledge of payment processing- gateways
- Organization and Time management skills
- Excellent communication skills and interpersonal skills.
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