Department: Finance
Location: Nairobi, Kenya
Job Objective
The Treasury Accountant will be responsible for treasury functions for the Group to ensure operational, administrative and cash flow efficiencies in all the countries where WIOCC has operations. This includes monitoring the Group’s finances, managing financial risks such as currency risk through applying appropriate hedging instruments, ensuring all the subsidiaries are adequately funded, ensuring compliance with each country’s financial and currency regulatory requirements and closely working with other teams within the Group.
Key Duties & Responsibilities
- Manage daily cash flow operations, including cash positioning, forecasting and liquidity management
- Assist the Treasury Manager with the preparation of weekly cash forecasts for the Group
- Develop and implement treasury policies and procedures to ensure efficient cash management, liquidity and risk mitigation
- Interface and collaborate with banks to open new bank accounts when need arise
- Support with negotiating appropriate FX rates for all currency conversions.
- Identify and assess financial risks, including interest rate risk, foreign exchange risk and implement appropriate hedging strategies to mitigate exposures
- Monitor compliance with financial covenants, debt agreements, repayment schedules and regulatory requirements to ensure adherence to contractual obligations and mitigate compliance risks
- Manage the Group’s intercompany loans register including advice on the conversion of intercompany loans to equity
- Ensure Group subsidiaries are appropriately funded including executing funds movement in the various banking portals
- Ensure compliance with different countries’ foreign exchange requirements and make sure that the necessary approvals are obtained
- Manage banking relationships for all the bank accounts in the Group
- Keep yourself regularly updated on the changing financial and currency laws in each country that the Group operates
- Liaise with other departments in a collaborative effort to plan and manage ongoing Group projects
- Liaise with the Account payable team to forecast monthly payments on specific dates in each month and also upload payments in the online portals
- Assist in the annual audit processes (internal and external audits)
- Any other responsibilities that may be assigned from time to time
Qualifications & Skills
- An undergraduate degree in Economics, Finance or Accounting
- Professional accounting qualifications (CPA or ACCA)
- A minimum of 3-5 years experience in treasury functions
- Good understanding of banking procedures and portals
- Proficiency in spoken and written English
- Ability to implement and execute set objectives in a fast-paced work environment
Attributes
- Integrity, honesty with high ethical standards
- Client focused, relationship builder
- Boundless, passionate, and flexible
- Personal excellence, accuracy, and attention to detail
- Collaborative, achieve results through teamwork and partnerships
- Strong analytical skills and ability to collate and interpret data from various sources
- Excellent problem-solving skills
- Ability to multi-task and prioritise assigned tasks
How to Apply
Interested candidates are encouraged to apply by submitting their updated CV including three referees. The deadline for application is on or before 03 January 2025. Applications should be sent to applications@wiocc.net indicating the job position in the Subject Line.
