Job Description
Tendency Limited, a rapidly expanding Payments Service Provider, is dedicated to empowering Africa’s businesses through a digital platform that streamlines financial operations—from collections and expenditures to reconciliation. This is far from a routine back-office accounting position. As Treasury Accountant, you will serve as the guardian of customer funds, ensuring strict adherence to the Central Bank of Kenya’s regulatory mandates on customer fund safeguarding while maintaining an unwavering 100% Trust Coverage Ratio at all times. Collaboration will be key, as you partner with Finance, Operations, and payments partners to develop robust systems and controls that protect our customers and proactively meet evolving regulatory demands.
What You Will Do
We ensure adherence to regulatory standards and manage customer funds with precision, focusing on TCR compliance to uphold financial integrity and legal obligations. This role requires a deep understanding of compliance frameworks, meticulous attention to detail, and the ability to implement robust control measures. Responsibilities include monitoring transactions, verifying fund allocations, and ensuring all activities align with governing policies to mitigate risks and maintain compliance.
Ensure a consistent 100% Trust Coverage Ratio between customer wallet balances and their corresponding bank balances at all times.
Monitor and reconcile balances in float and trust accounts across all payment channels and banking partners.
Perform precise and prompt daily reconciliations to verify alignment between customer wallet balances and corresponding bank account balances.
Identify, investigate, and resolve all reconciliation discrepancies promptly, ensuring completion within a 24-hour timeframe.
Uphold an unwavering commitment to identifying and addressing all discrepancies or unexplained deviations without exception.
Compile daily TCR reports for submission to management and regulatory bodies.
The position involves performing detailed reconciliations to ensure accuracy and consistency across financial records and systems. It requires meticulous attention to detail to identify discrepancies, investigate variances, and resolve any inconsistencies through thorough analysis. Strong analytical skills are essential for interpreting data, verifying transactions, and maintaining compliance with accounting standards. Additionally, the role demands proficiency in reconciliation software and tools, along with the ability to document findings and communicate effectively with stakeholders to support operational integrity.
Responsible for overseeing the daily reconciliation of customer funds across settlement accounts, e-money wallets, and payment partner ledgers.
Transform the existing manual and semi-automated reconciliation workflow into a fully automated, end-to-end system-driven process featuring auto-matching and auto-closure functionalities.
Conduct thorough reviews to identify and address all reconciliation discrepancies promptly, ensuring adherence to established turnaround deadlines.
Develop and deploy automated matching criteria and closure procedures for standard transactions.
Ensures adherence to all relevant regulatory standards, laws, and guidelines governing organizational operations, with a strong emphasis on maintaining compliance across various jurisdictions and industries. Develops, implements, and monitors compliance policies and procedures to mitigate risks and uphold ethical practices. Conducts regular audits, assessments, and training sessions to ensure ongoing compliance and to foster a culture of regulatory awareness within the team. Collaborates closely with legal, operational, and senior leadership teams to interpret regulations, address compliance gaps, and implement corrective actions as necessary.
Ensure strict adherence to Central Bank of Kenya (CBK) regulations and directives governing customer fund management, with a focus on timely and precise regulatory reporting.
Maintain comprehensive, current documentation of treasury processes, internal controls, and audit trails to ensure full compliance with applicable regulatory standards and requirements.
Facilitate both internal and external audits by preparing precise schedules, conducting thorough reconciliations, and compiling comprehensive supporting documentation pertaining to customer funds.
Monitor evolving regulatory developments diligently and provide strategic guidance to leadership regarding their implications.
The Payments Partner Management role involves overseeing and nurturing relationships with external payment service providers to ensure seamless transaction processing and compliance with company standards. This position requires meticulous attention to detail, strong negotiation skills, and the ability to align partner performance with organizational objectives. Responsibilities include evaluating payment solutions, monitoring partner adherence to service-level agreements, and resolving any discrepancies or issues that may arise. Additionally, the role demands a proactive approach to identifying opportunities for process improvement and fostering long-term strategic partnerships.
Act as the principal intermediary between Tendency and its payments and banking partners, responsible for addressing all aspects concerning settlement procedures, float administration, and reconciliation processes.
Monitor partner settlement timelines vigilantly, and promptly elevate any delays or discrepancies to the appropriate stakeholders for resolution.
Develop and sustain robust collaborations with financial institutions, mobile money providers, and other key stakeholders within the payments’ ecosystem.
Investigate and rectify delays in settlements, missing funds transfers, and discrepancies originating from partners to ensure timely and accurate financial reconciliation.
Leverage and uphold float agreements and settlement timelines to ensure seamless transactional operations.
Monitor partner performance and bring any systemic issues to the attention of management for resolution.
The role involves overseeing financial reporting and maintaining robust internal controls to ensure accuracy and compliance with regulatory standards. Key responsibilities include preparing and analyzing financial statements, implementing control frameworks, and identifying areas for process improvement. Strong analytical skills and attention to detail are essential, along with proficiency in accounting software and ERP systems. Experience in financial reporting, audit support, and risk management is preferred. The position requires collaboration with cross-functional teams to enhance financial integrity and operational efficiency.
Compile daily, weekly, and monthly treasury reports for the Head of Finance and senior leadership, encompassing cash position summaries, TCR statuses, and exception reports.
Proactively detect and escalate liquidity risks, funding shortfalls, or control deficiencies while developing actionable strategies to address these issues.
Create standardized operating procedures (SOPs) that outline treasury and reconciliation processes, ensuring comprehensive documentation and adherence to best practices.
We are seeking a highly organized and detail-oriented professional to oversee Treasury Operations, ensuring efficient management of cash flow, liquidity, and financial transactions. The ideal candidate will possess strong analytical skills, a deep understanding of financial markets, and the ability to mitigate risks associated with treasury activities. Responsibilities include monitoring daily cash positions, optimizing investment strategies, managing foreign exchange exposures, and ensuring compliance with regulatory requirements. Additionally, the role requires proficiency in treasury management systems and advanced Excel skills, along with excellent communication abilities to collaborate with cross-functional teams. A bachelor’s degree in finance, accounting, or a related field is required, and prior experience in treasury or corporate finance is strongly preferred.
Oversee the daily cash positioning across various bank accounts and floats to ensure optimal liquidity and financial stability.
Prepare forecasts of liquidity needs on a daily and weekly basis.
Optimize the distribution of funds between operational and customer trust accounts to enhance financial efficiency and ensure compliance with regulatory standards.
Oversee and validate high-value financial transactions and settlement processes to ensure accuracy and compliance with established protocols.
Risk Mitigation
The role involves identifying, assessing, and prioritizing potential risks to minimize their impact on organizational objectives. Key responsibilities include developing and implementing risk management policies, conducting thorough risk evaluations, and ensuring compliance with relevant regulations. The position requires strong analytical skills, attention to detail, and the ability to communicate complex risk-related information clearly. Experience in risk assessment methodologies and familiarity with industry-specific regulations are essential. Proficiency in risk management software and tools is a plus. The ideal candidate will work collaboratively with cross-functional teams to integrate risk management practices into daily operations, fostering a proactive risk-aware culture.
Monitor and promptly highlight developing risks that could jeopardize customer funds or compliance with TCR requirements.
Formulate and sustain robust contingency protocols to address reconciliation discrepancies efficiently and effectively.
Assist in conducting internal audit evaluations and risk assessments related to treasury control mechanisms.
What We Are Looking For
A bachelor’s degree in Finance, Accounting, or a related discipline is required.
A recognized professional accounting certification, such as CPA(K) or ARCA (including finalists), is a prerequisite for this role.
A minimum of three years of practical experience in treasury, reconciliations, or finance operations is essential, with a strong preference for candidates who have worked in fintech, banking, mobile money operations, payment service providers, or other regulated financial institutions.
Proficiency in CBK regulations governing customer funds, electronic money, and payment systems is essential.
Proficiency in reconciliation tools and accounting systems, coupled with a background in automation or system enhancement initiatives, is highly beneficial.
Exceptional precision and the capacity to analyze complex information while resolving challenges are essential. The ideal candidate must thrive in high-pressure environments and consistently meet strict deadlines.
A proactive professional who demonstrates ownership, independently resolving issues without requiring direction.
Exceptional interpersonal and stakeholder engagement abilities, fostering collaborative relationships and ensuring clear, consistent communication across all levels of the organization.
What We Offer
As a key position within a rapidly expanding fintech company at a pivotal juncture in its development.
In a dynamic, team-oriented setting, your contributions will play a pivotal role in enhancing customer confidence and upholding the organization’s compliance with regulatory standards.
Compensation will be aligned with industry standards and reflective of the candidate’s qualifications and background.
Professional advancement and skill enhancement opportunities are available.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
3 years
