Lidya Recruitment for Finance and Data Intern

Lidya is the future of finance for small businesses in frontier markets. Our goal is to help great business owners access financing and build a credit score through an easy and inspiring lending process. Lidya is currently live in Nigeria and is using world-class technology to help small businesses invoice customers, access credit, and build credit scores to grow their businesses.

We are recruiting to fill the position below:

Job Position: Finance and Data Intern

Job Location: Lagos
Employment Type: Full Time

Job Description

• As a Finance and Data Intern at Lidya, you will play a crucial role in supporting our finance and data analysis teams.
• This internship is ideal for individuals who are enthusiastic about finance, data, and are eager to learn how to apply their analytical skills in a business context.

Key Duties and Responsibilities
As an intern, you will be required to support and learn the following:

Financial Reporting and Operations:

• Researching, monitoring, and analyzing financial data to be a fundamental contributor to the fiscal health and success of Lidya, including but not limited summarizing data to structured reports on Lidya’s and client’s financial status and risks
• Preparing weekly, monthly, quarterly, and yearly operating reports to present to senior management and provision of recommendations for improvements based on trends
• Oversee expense management via accounting tools and Monthly expense variance analysis
• Ensure compliance of internal controls and suggest process improvements as needed
• Overseeing processing of payables including vendor payments
• Supporting external bookkeeping partners in the preparation of annual financial information to be provided to the external auditors
• Quarterly balance sheet and P&L fluctuation analyses
• Consolidation, inter-company transactions and reconciliations including foreign currency accounting prepare budget reports aimed at helping organizations monitor spending, rationalize costs, and balance their finances
• Complete national and local (state) tax returns (incl. PAYE, VAT, WHT, CIT etc.) and work with local tax advisors as needed for all our jurisdictions
• Work with external auditors to perform the annual audits for all our jurisdictions
• Liaise with partners (banks and processors) to ensure optimal cost structures and verify daily settlements

Loan Portfolio Growth.

• Assist with daily finance operations including ensuring on-time disbursement of approved Loans, bank &
• Loan book reconciliations
• Ensuring accurate and on-time recollection of loan repayments from clients, including reconciliation of payments to the bank accounts
• Supporting the evaluation, authorization and approval of loans given to customers including, verification of documentation presented for all loan applications and ensuring they meet KYC, credit score requirements, loan assessment and any other documentation as required by the Lidya and by the regulators.
• Managing the cost analysis process by establishing and enforcing policies and procedures.
• Preparing, monitoring, and analyzing financial data that will be useful in providing insights into team’s performance (investment & collections teams) and providing recommendations for improvement

Desired Qualifications and Skillset

• Recently completed a Bachelor's degree program in Finance & Banking, Economics, Accounting and Data Sciences.
• Must have graduated with a 2nd class lower or HND lower credit and above in the above stated disciplines.
• Prioritizing, time management and organizational skills with the ability to work in a goal-oriented environment where you will be evaluated on your KPIs.
• Detail-oriented and organized.
• Strong analytical and problem-solving skills.
• Basic knowledge of financial concepts.
• Basic knowledge of Microsoft Excel and data analysis tools.
• Eagerness to learn and adapt to new challenges.

Our offer

• Practical experience in finance and data analysis operations.
• Become part of a highly professional dynamic team and exposure to a dynamic and fast-paced work environment.
• An unparalleled personal and professional growth as our longer-term objective is to train the next generation of leaders for country-changing ventures.