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Finance Officer at LifeBank

Finance Officer at LifeBank

JobWebKenyaKenya
30+ days ago
Job description

Job Description

LifeBank is a platform that makes blood available when and where it is needed in Nigeria to save lives. We mobilize blood donations, take inventory of all blood available in the country, and deliver blood in the right condition to the point of need.

Finance Officer

Key Responsibilities :

Audit

  • Determine and detail gaps in process, procedure, and system controls.
  • Perform information system audits to manage internal controls and assess risks.
  • Assess potential risks, evaluate controls, and conduct compliance testing.
  • Facilitate successful internal and external audits by ensuring proper stakeholders engagement, & provision information / documentation.
  • Devise and initiate corrective strategies to improve compliance and reduce tax burden

Accounting & Reporting

  • Prepare monthly reports and annual financial statements for review by management and other stakeholders.
  • Deposit & reconcile clients and vendor payments and adjust accounts to reflect changing balances.
  • Develop actionable improvements for existing processes and present to management.
  • Collaborate with Operations & procurement team to improve procurement and reconciliation processes.
  • Prepare and administer Monthly, Quarterly, and Yearly Budgets for overall operations and departments.
  • Produce credits sales report and analyze aging to identify targets for basic and advanced collection strategies.
  • Oversee accounting needs and maintain all books for Direct Costs and Administrative overheads.
  • Prepared statutory annual returns to regulatory agencies.
  • Ensure all transactions are posted on Xero with their supporting documents.
  • Taxation & Compliance

  • Managed tax audit exercises by Lagos state internal revenue services and FIRS.
  • Prepare periodic VAT & WHT returns to Federal and State internal revenue services.
  • Oversee applications for certificates, clearances, licenses, and business permits.
  • Ensure timely payment of all taxes and levies.
  • Payables & Receivables

  • Handle the processing and documentation of all approved disbursements.
  • Ensure timely issuance of Invoices for all services with necessary supporting documents.
  • Prepare monthly statements of accounts.
  • Support the collection of overdue payments.

  • Ensure all customers with overdue invoices sign debt acknowledgement form with detailed payment terms.
  • Ensure adherence to the approved company finance policies.
  • Carryout periodic follow-ups with customers with outstanding overdue invoices.
  • Qualifications :

  • Bachelor’s degree / HND in Finance, Accounting, or related field.
  • Minimum of 3 years of experience in a finance related role, preferably in a similar capacity.
  • Strong understanding of financial principles, practices, and regulations.
  • Proficiency in Google docs, and accounting software like Xero.
  • Excellent communication and interpersonal skills.
  • Ability to work independently and as part of a team, with a high level of accuracy and attention to detail.
  • Prior experience with receivables management, tax preparation, and audit support is highly desirable.
  • Salary : 20, – 25, KES monthly gross

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