Group Finance Associate at LifeBank – Lagos

LifeBank is recruiting a full-time Group Finance Associate in Lagos.

Role summary

The Group Finance Associate will report directly to the CEO and be responsible for maintaining the accuracy and integrity of the company’s financial records, overseeing accounts receivable, managing financial reconciliations, and preparing timely and accurate management accounts.

The role requires a hands-on, analytical and detail-oriented professional who can independently manage financial processes, identify and resolve discrepancies, and ensure that financial information is complete, reliable and available for management decision-making.

The successful candidate will take ownership of financial reporting deadlines, monitor outstanding receivables, maintain accurate accounting records across the company’s business units, and provide the CEO with regular updates on financial performance, collections and outstanding financial issues. Experience in financial forecasting, budgeting and financial modelling will be an added advantage.

Key responsibilities

Accounts receivable and collections management

• Oversee accounts receivable, ensuring invoices are accurately raised, recorded and tracked.
• Maintain up-to-date customer balances, outstanding invoices and overdue receivables.
• Prepare and update accounts-receivable ageing reports, highlighting overdue balances and collection risks.
• Monitor collections and ensure received payments are promptly allocated to the correct customer accounts.
• Reconcile customer accounts and investigate differences between invoices, payments, credit notes and outstanding balances.
• Work with Sales and Operations to follow up overdue payments, resolve billing issues and improve collection performance.
• Identify long-outstanding receivables and high-risk customer accounts and escalate significant issues to the CEO.
• Maintain records of customer transactions, payment commitments and collection activities.
• Report collections, outstanding receivables and expected inflows to support cash-flow planning.

Financial reconciliation

• Perform and oversee regular bank, customer, supplier, general-ledger and intercompany reconciliations.
• Ensure transactions are properly recorded and account balances agree with supporting documents and external statements.
• Investigate discrepancies, identify root causes and ensure timely resolution.
• Maintain a reconciliation tracker showing outstanding items, responsible persons, resolution status and expected completion dates.
• Ensure reconciling items are documented, monitored and cleared within agreed timelines.
• Review financial postings for duplicate entries, omissions, incorrect classifications and unsupported transactions.
• Ensure consistency between accounting records, bank statements, customer accounts and management reports.
• Maintain supporting documentation and audit trails for reconciliations.

Management accounts and financial reporting

• Prepare and submit accurate monthly management accounts within the approved reporting timeline.
• Prepare profit-and-loss statements, balance sheets, cash-flow reports and other relevant financial statements.
• Ensure transactions are correctly posted, classified and recorded in the appropriate accounting periods.
• Review general-ledger balances and supporting schedules for accuracy and completeness.
• Analyse financial performance across business units, identifying significant variances, unusual transactions and emerging financial risks.
• Explain material variances and highlight issues requiring management attention.
• Ensure management accounts reconcile with underlying accounting records and supporting schedules.
• Maintain accurate and up-to-date financial records across the company’s business units.

Salary

₦350,000–₦400,000 per month.