Position Description

The Treasury Accountant will work closely with Senior Accountant in the areas of cash flow management, bank relationship, import and forex transactions monitoring with a view of improving profitability by assessing periodic liquidity needs to support Kenya commercial operations.

Roles & Responsibilities

Cash and Insurance Management

• Support in the monitoring of daily liquidity and suppliers’ payments.
• Manage daily cash transactions, ensuring proper recording and reconciliation.
• Perform regular bank reconciliations to ensure accuracy and compliance.
• Monitor and forecast cash flow to maintain sufficient liquidity for operations.
• Responsible for maintaining a productive and collaborative relationship with the banks.
• Support in the administration of bank accounts (including opening and closing accounts, change of bank account mandates and KYC requests).
• Provide support to various business units in insurance across Kenya.

Reconciliation and Reporting

• Prepare and reconcile cash and bank accounts.
• Assist the Senior Accountant in generating reports related to cash flow.
• Identify and escalate risks related to cash handling.
• Timely reporting on the drivers for plan vs actual cash flow variance.

Internal Controls and Compliance

• Implement and monitor internal controls related to cash processes.
• Ensure compliance with company financial policies for working capital, treasury operations, foreign exchange, interest rate risk management and insurance risk management.
• Support audit processes by providing necessary documentation and reconciliations.

Requirements

Desired Skills and Experience

Education

• Bachelor’s degree in Accounting, Finance or a related field.
• CPA (K), ACCA, CIMA or equivalent professional qualification.
• Sound training on treasury and corporate finance management skills.

Experience

• Minimum of 3-5 years of experience in cash management, or a similar role.
• Familiarity with MBC ERP system and Vena is an advantage.
• Knowledge of Kenyan tax regulations is a plus.

Skills and Competencies
Technical Skills

• Strong reconciliation skills with high attention to detail.
• Proficiency in Microsoft Excel and financial/inventory management systems.
• Ability to analyze financial data to identify trends and discrepancies.

Organizational and Analytical Skills

• Ability to manage multiple tasks, prioritize effectively, and meet deadlines.
• Strong problem-solving skills with a proactive approach to process improvements.

Collaboration and Communication

• Ability to work cross-functionally with finance, procurement, and operations teams.
• Strong written and verbal communication skills.

Integrity and Compliance

• High ethical standards and commitment to compliance with company policies and regulations.