Senior Financial Modelling & Variance Analyst

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures. FairMoney maintains a strong international presence, with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

To gain deeper insights into FairMoney's pivotal role in reshaping Africa's financial landscape, we invite you to watch this informative video.

Requirements

Key Responsibilities:

Variance Analysis:

• Track and analyse variances between actuals and forecasts across products and entities.
• Build and maintain dashboards to visualize and communicate variance trends.
• Investigate and report on the driving factors behind variances.
• Track and report on budget performance, highlighting variances and suggesting corrective actions where needed.

Treasury and Liquidity Analysis:

• Conduct weekly and monthly liquidity analyses to optimize cash flow management.
• Monitor and report on the company’s liquidity position, forecasting future cash flows.
• Identify and mitigate potential liquidity risks.

Model Maintenance:

• Monitor and maintain forecasting models to ensure their accuracy and relevance.
• Assist in making necessary adjustments and updates to models based on changing conditions.

Budgeting and Forecasting

• Assist in the annual budgeting process, collaborating closely with cross-functional teams to gather necessary data and assumptions.
• Support the development and refinement of budget models, ensuring alignment with the company’s strategic goals.
• Provide insightful analysis and recommendations to improve budgeting accuracy and efficiency.

Financial Analysis:

• Conduct ad hoc financial analyses to support strategic decision-making.
• Provide detailed financial data and insights to senior management.
• Prepare comprehensive reports and presentations for key stakeholders.

Required Skills & Qualifications:

• Bachelor’s degree in Finance, Science, or Engineering.
• Proficient in a coding language, ideally MATLAB, Python, R or SAS or similar.
• Strong SQL skills.
• Advanced Excel modeling skills.
• Solid understanding of PowerPoint for creating impactful presentations.
• In-depth knowledge of banking and financial services, including business models and unit economics.
• Strong analytical and problem-solving abilities, with a keen eye for detail.
• Critical thinking skills, with the ability to evaluate complex situations and make informed decisions.
• Excellent communication and interpersonal skills.
• A team player with a collaborative mindset and a strong desire to learn.

Recruitment process:

• Screening call with a Recruiter: 30 mins
• Technical Interview with hiring manager (Head- Financial Forecasting): 1 hr

Benefits

• Private Health Insurance

• Pension Plan
• Training & Development
• Hybrid work
• Paid Time Off