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Finance Associate

M-KOPA

M-KOPA

Accounting & Finance
Johannesburg, South Africa
Posted on Friday, March 31, 2023
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At M-KOPA, We Finance Progress.
The scale and impact of our work is massive. M-KOPA is a fast-growing FinTech company offering millions of underbanked customers across Africa access to life-enhancing products and services. From our roots as the pioneer in pay-as-you-go “PayGo’” solar energy for off-grid homes, we have grown into one of the most advanced connected asset financing platforms in the world, empowering a broad range of customers to achieve progress in their lives.
Our people reflect this mission; we pride ourselves in empowering our people to own their own careers, and encouraging growth through our learning and development programs, coaching partnerships, and on-the-job training. As a collective, we value diversity, knowing every journey brings its own reward, and support each employee as they travel theirs. This includes our family-friendly policies, commitment to employee mental and physical well-being, and flexible working practices. Our aim is for every employee to be able to shape their own career, whilst helping shape the future of M-KOPA as we grow together.
Want to know more about M-KOPA? Click this link: About M-KOPA
The Finance Associate role will ensure the accurate recording of financial records and adherence to company policies. This includes reconciling general ledgers, preparing and posting end of month journals, and managing the purchase to pay process.
The Finance Associate will also maintain the creditors ledger, booking bank payments, and reconciling monthly revenue figures and accounts receivable balances. Additionally, they must partner with our auditors, bankers, and tax advisors to ensure compliance with all tax regulations.
#LI-Onsite

Responsibilities

  • You will record all financial records and ensuring they are following company policies.
  • You will book bank payments following the M-KOPA approved chart of accounts by D+2 after the payments are affected.
  • Monthly general ledger reconciliation of prepayment, accruals, bank statements, and inventory.
  • End-month journal preparation and posting e.g., revenue, product cost, and payment fees.
  • You will maintain creditors ledger/ Accounts Payable reconciliation.
  • You will post and reconcile monthly revenue figures and accounts receivable balances.
  • You will manage the purchase-to-pay process and specifically ensuring Purchase Orders are raised on time (before the goods/services are ordered), have all correct information (including an attachment from the vendor e.g., a quote), and are received.
  • You will book of travel advances and submission of a monthly report to HR through the Team Leader.
  • Collaborate with our auditors, bankers, and tax advisors.
  • Ensure compliance with all tax regulations e.g., returns submitted and taxes paid.

Experience and skills

  • Bachelor's degree in accounting, Business Administration (Finance or accounting option), statistics Commerce or related courses from a recognized university.
  • Accounting qualifications (SAICA, ACCA, CIMA) or equivalent will be an added advantage.
  • 4 or more years of experience in a similar position or working with a reputable organization/agency.
  • Work experience with a donor FinTech institution will be an added advantage.
  • Maintain a high-quality standard when working.
  • Proficiency in the application of all MS office functions, especially MS Word & Excel.
  • Great team working skills, attitude, and a clear sense of confidentiality.
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M-KOPA is an equal opportunity and affirmative action employer committed to assembling a diverse, broadly trained staff. Women, minorities, and people with disabilities are strongly encouraged to apply.
M-KOPA explicitly prohibits the use of Forced or Child Labour and respects the rights of its employees to agree to terms and conditions of employment voluntarily, without coercion, and freely terminate their employment on appropriate notice. M-KOPA shall ensure that its Employees are of legal working age and shall comply with local laws for youth employment or student work, such as internships or apprenticeships.
M-KOPA does not collect/charge any money as a pre-employment or post-employment requirement. This means that we never ask for ‘recruitment fees’, ‘processing fees’, ‘interview fees’, or any other kind of money in exchange for offer letters or interviews at any time during the hiring process.
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