Senior Finance Associate

Company Description

Folti is a fast-growing Electric Mobility company at the forefront of sustainable transportation in Africa. Through our integrated Ride-Hailing and Car Rental platforms, we connect commuters, corporates, and fleet operators with clean, affordable, and technology-driven mobility solutions. Our mission is to decarbonise last-mile and intercity travel while delivering exceptional customer and driver experiences.

Role Purpose

We are looking for a commercially sharp, technically rigorous Finance Manager to own the full spectrum of financial management for Folti's growing Nigeria operations. This is not an entry-level or purely transactional role. The successful candidate will bring audit-trained discipline, deep IFRS fluency, and the confidence to function as a strategic finance partner to senior leadership while maintaining absolute control over the day-to-day integrity of our management accounts, financial reporting, and high-volume reconciliation and settlement processes.

The ideal candidate has served in an audit firm environment and has since built operational finance depth in a fast-paced, technology-driven or high-transaction-volume business. You understand what good looks like and you build it.

Key Responsibilities

A. Management Accounting

• Own and produce monthly, quarterly, and annual management accounts - P&L, balance sheet, and cash flow - across the Ride-Hailing and Car Rental business units, with zero-tolerance for delays or inaccuracies.

• Lead detailed cost and variance analysis against budget and forecast; provide insightful, board-ready commentary that drives management decisions, not just describes them.

• Govern cost centres, project codes, and departmental budgets within the ERP system; enforce financial discipline across business units.

• Drive the budgeting and forecasting cycle end-to-end, including driver acquisition costs, fleet depreciation, maintenance capex, and platform operating expenses.

• Design, own, and report on key financial KPIs - Revenue per Trip, Cost per Kilometre, Fleet Utilisation Rate, EBITDA margin by segment - with forward-looking analysis.

• Lead financial modelling for new mobility verticals, market expansion, fleet growth, and capital investment decisions.

B. Financial Reporting

• Prepare and own statutory financial statements in full compliance with IFRS, ensuring accuracy, completeness, timeliness, and audit readiness at all times.

• Lead the external audit process - prepare audit schedules, reconciliation packs, and ensure all auditor queries are resolved swiftly and professionally.

• Compile and file all regulatory and tax returns: VAT, WHT, CIT, and sector-specific levies; manage tax compliance calendar with zero late submissions.

• Maintain an immaculate general ledger; ensure all journal entries are properly documented, authorised, and posted in line with the month-end close calendar.

• Prepare consolidated financial reports spanning ride-hailing operations, rental fleet, and ancillary services.

• Own board-level financial reporting decks and investor/stakeholder reporting packages in collaboration with the Head of Finance.

C. Reconciliation & Settlement

• Oversee daily, weekly, and monthly reconciliation of all revenue streams - in-app payments, card transactions, wallet top-ups, corporate accounts, and cash collections - maintaining a flawless audit trail.

• Reconcile payment gateway remittances (Paystack, Transactpay, Interswitch, or equivalent) against internal booking and billing records; escalate and resolve discrepancies within SLA.

• Manage end-to-end driver and fleet owner settlement processes: validate trip earnings, apply deductions, and ensure accurate and timely payouts.

• Investigate and resolve settlement discrepancies, short payments, duplicate transactions, and disputed charges with urgency and precision.

• Reconcile rental fleet billing - corporate clients, subscription plans, daily rentals - against contract terms and usage data.

• Maintain a clean suspense/clearing account; ensure all unallocated items are resolved within the reporting period without exception.

• Coordinate with Operations and Technology teams to validate trip data, fare calculations, surge pricing, and promotional adjustments reflected in financial records.

D. Controls, Compliance & Process Improvement

• Design, implement, and continuously improve the internal controls framework; identify weaknesses and remediate proactively before they become audit findings.

• Enforce financial policies and procedures across the organisation; serve as the finance function's standards guardian.

• Lead or support tax planning and transfer pricing compliance where applicable.

• Identify opportunities for automation, process efficiency, and system upgrades; champion technology-enabled improvements to the finance function.

• Mentor and develop junior finance staff; raise the technical capability of the team.

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, Economics, or a related discipline - minimum Second Class Upper or equivalent.

• Fully qualified professional accountant: ACA, ACCA Membership of ICAN is an added advantage.

• 6 to 8 years of progressive hands-on finance experience, with a demonstrable track record of ownership and delivery.

• Prior experience in a Big 4 accounting firm (Deloitte, PwC, EY, KPMG) or a recognised mid-tier audit firm.

• Post-audit experience in a fintech, mobility, logistics, e-commerce, or high-transaction-volume business is strongly preferred.

• Advanced proficiency in at least one major ERP system: SAP, Oracle, Microsoft Dynamics, Odoo, or equivalent.

• Expert-level Microsoft Excel - financial modelling, scenario analysis, pivot tables, XLOOKUP, and data validation.

• Solid working knowledge of IFRS, Nigerian tax regulations, and statutory reporting requirements.

• Familiarity with payment gateway reporting and reconciliation tools is a strong advantage.

Core Competencies & Skills

• Audit-trained precision: Exceptional attention to detail and a zero-error mindset shaped by professional audit practice.

• Commercial acumen: Ability to read the business behind the numbers and translate financial insight into strategic recommendations.

• Analytical rigour: Proven ability to identify trends, anomalies, and root causes from complex, high-volume datasets.

• Leadership: Confidence to lead, mentor, and hold a team accountable to high standards.

• Communication: Ability to present complex financial findings clearly to non-finance stakeholders, including Board and investors.

• Integrity: Uncompromising professional ethics in handling sensitive financial, settlement, and payroll data.

• Resilience under pressure: Ability to manage competing deadlines and deliver consistently during month-end, audit, and board cycles.

• Continuous improvement mindset: Proactively identifies process gaps and champions automation and control enhancements.

Key Performance Indicators (KPIs)

• Management accounts issued within 5 working days of month-end, with zero material errors.

• 100% reconciliation completion rate within defined close timelines.

• Settlement error rate maintained below agreed threshold; all exceptions resolved within SLA.

• Zero material audit findings attributable to financial reporting, reconciliation, or controls failures.

• 100% on-time submission of all tax and statutory filings.

• Measurable improvement in finance team efficiency and reporting accuracy within first 6 months.

What We Offer

• Competitive, experience-commensurate salary and a performance-based bonus scheme aligned to business and personal KPIs.

• A genuine seat at the table: direct exposure to Board reporting, investor relations, and strategic finance decisions.

• Work at the forefront of Africa's electric mobility and clean transportation revolution - a business that matters.

• Continuous professional development: study support, and cross-functional exposure.

• Health insurance, pension contributions, and all applicable statutory benefits.

• Hybrid working arrangement with flexibility to support work-life balance.

How to Apply

Qualified candidates should submit a CV and a concise cover letter detailing their audit firm background, most relevant finance experience, and motivation for joining Folti to

hr@folti.io with the subject line: Senior Finance Associate

Applications will be reviewed on a rolling basis. Only shortlisted candidates will be contacted.

Folti Technologies Limited is an equal opportunity employer committed to diversity, inclusion, and sustainable mobility for all.

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