We are seeking a highly motivated and detail-oriented individual to join our team in the role of [Job Title]. The ideal candidate will possess a minimum of [X] years of relevant experience in [specific field/industry], along with a proven track record of [key skills or achievements]. Responsibilities include [list key duties], ensuring [specific outcome or goal]. Proficiency in [specific software, tools, or technical skills] is required, and familiarity with [industry-specific standards or regulations] is a plus. The successful applicant will demonstrate strong [soft skills, e.g., communication, problem-solving, leadership], and the ability to [specific capability]. This position offers opportunities for professional growth and collaboration within a dynamic team environment.
Tendency Limited, a rapidly expanding Payments Service Provider, is dedicated to empowering businesses across Africa through a digital platform that streamlines financial operations—from collections and spending to reconciliation. This is far from a routine back-office accounting position. As our Treasury Accountant, you will oversee customer funds, guaranteeing unwavering adherence to the Central Bank of Kenya’s regulations on customer fund safeguarding while maintaining a flawless 100% Trust Coverage Ratio at all times. Collaborating closely with Finance, Operations, and our payment partners, you will develop robust systems and controls to safeguard our customers and ensure we remain ahead of evolving regulatory demands.
What You Will Do
Responsible for ensuring accurate management and compliance of customer funds and adherence to TCR (Third Country Resettlement) regulations, the role involves meticulous oversight of financial transactions, precise record-keeping, and strict adherence to regulatory standards to safeguard client assets and maintain operational integrity. Key responsibilities include verifying fund transfers, reconciling accounts, and implementing robust internal controls to prevent discrepancies or non-compliance. Additionally, the position requires thorough familiarity with TCR policies, proactive monitoring of regulatory updates, and collaboration with cross-functional teams to mitigate risks and uphold compliance across all operations. Strong analytical skills, attention to detail, and a commitment to ethical standards are essential for success in this role.
Ensure the Trust Coverage Ratio between customer wallet balances and associated bank balances remains consistently at 100% at all times.
Track float and trust account balances consistently across every payment channel and banking partner to ensure accuracy and compliance.
Perform precise and prompt daily reconciliations to ensure alignment between customer wallet balances and bank account balances.
Identify, investigate, and address all reconciliation discrepancies promptly, ensuring resolution within a 24-hour timeframe.
Ensure absolute adherence to a strict no-tolerance policy for discrepancies or variances that are unaccounted for or unjustified.
Compiles and submits daily TCR reports for review by management and regulatory bodies.
Responsibilities include performing detailed reconciliations to ensure accuracy and consistency across financial records, identifying discrepancies, and resolving variances through thorough investigation and corrective action. This role requires meticulous attention to detail, strong analytical skills, and proficiency in accounting principles and reconciliation tools. Candidates must have prior experience in financial reconciliation processes, preferably in a fast-paced environment, and demonstrate the ability to work independently while meeting strict deadlines. Effective communication skills are essential for collaborating with cross-functional teams to clarify discrepancies and implement solutions.
Oversee the daily reconciliation process for customer funds within all settlement accounts, e-money wallets, and payment partner ledgers.
Drive the migration from the existing manual or semi-automated reconciliation workflow to a fully automated, end-to-end system-driven reconciliation process featuring auto-matching and auto-closure functionalities.
Analyze and address all reconciling discrepancies promptly to ensure they are resolved within the agreed-upon deadlines.
Design and establish automated matching criteria along with protocols for the automatic closure of standard transactions.
Ensures adherence to all applicable laws, regulations, and industry standards to mitigate legal and operational risks while maintaining organizational integrity. Develops, implements, and monitors compliance policies and procedures to align with evolving regulatory requirements. Conducts thorough audits and assessments to identify gaps, evaluate effectiveness, and ensure continuous improvement in compliance practices. Collaborates with cross-functional teams to provide guidance, training, and support to ensure organizational-wide adherence.
Ensure strict adherence to CBK regulations and guidelines pertaining to customer fund management, while also maintaining timely and accurate submissions for regulatory reporting.
Maintain current documentation of all treasury processes, controls, and audit trails in accordance with regulatory requirements.
Support internal and external audits by preparing precise schedules, performing thorough reconciliations, and compiling supporting documentation related to customer funds.
Monitor regulatory developments continuously and provide strategic guidance to management regarding their implications.
Seeking an accomplished professional to oversee strategic partnerships with payments providers, ensuring alignment with organizational goals and compliance requirements. The ideal candidate will foster collaborative relationships with key stakeholders, negotiate contract terms, and monitor performance metrics to drive operational excellence. Responsibilities include identifying new partnership opportunities, conducting due diligence on potential partners, and ensuring seamless integration of payment solutions. Requirements entail a minimum of five years of experience in payments or fintech, strong negotiation skills, and proficiency in financial compliance standards.
Act as the main point of contact for Tendency with its payments and banking partners, handling all aspects of settlement, float management, and reconciliation.
Track partner settlement timelines and promptly flag any delays or discrepancies for immediate resolution.
Cultivate and sustain robust partnerships with financial institutions, mobile money providers, and other key stakeholders within the payments’ ecosystem.
Address discrepancies in settlements, resolve delays in fund disbursements, and rectify any inconsistencies reported by partners.
Engage in discussions to establish and preserve float arrangements and settlement timelines.
Evaluate partner performance and promptly bring any systemic issues to the attention of management.
The successful candidate will be responsible for overseeing reporting and controls functions, ensuring compliance with regulatory standards and internal policies. They will develop and maintain accurate financial reports, analyze performance metrics, and identify trends to support informed decision-making. Additionally, they will implement and monitor internal controls to mitigate risks and safeguard company assets. The role requires strong analytical skills, proficiency in financial software, and the ability to collaborate with cross-functional teams to streamline processes and enhance operational efficiency.
Prepare treasury reports on a daily, weekly, and monthly basis for the Head of Finance and senior leadership, encompassing cash position summaries, TCR status updates, and exception reports.
Conduct thorough assessments to detect liquidity risks, funding shortfalls, or deficiencies in internal controls, and provide actionable recommendations for resolution.
Create comprehensive standard operating procedures (SOPs) to document all treasury and reconciliation processes systematically.
The Treasury Operations team is responsible for managing the organization’s cash flow, liquidity, and financial risk, ensuring accurate and timely financial transactions. They oversee the processing of payments, investments, and debt management, while also maintaining compliance with regulatory standards. Additionally, they analyze financial data to provide strategic insights and support decision-making processes. Candidates for this role must possess strong analytical skills, proficiency in financial software, and a deep understanding of accounting principles. A bachelor’s degree in finance, accounting, or a related field is required, and relevant certifications such as CPA or CFA are highly advantageous. Experience in treasury, corporate finance, or a similar role is preferred.
Oversee the daily cash positioning across various bank accounts and floats.
Project liquidity needs on both daily and weekly bases to ensure sufficient cash flow.
To enhance cash allocation strategies between operational and customer trust accounts, develop and implement efficient processes for maximizing liquidity and ensuring compliance with regulatory requirements.
Oversee and authenticate high-value transactions and settlement processes to ensure accuracy and compliance with established protocols.
The role involves identifying, assessing, and mitigating potential risks to ensure organizational stability and compliance with regulatory standards. Key responsibilities include analyzing market trends, developing risk mitigation strategies, and implementing robust internal controls. Candidates must possess strong analytical skills, proficiency in risk assessment methodologies, and experience with compliance frameworks. Additionally, the ideal applicant should demonstrate excellent communication abilities to report findings and recommend solutions to senior management. Familiarity with industry-specific regulations and tools such as risk modeling software is advantageous.
Evaluate and highlight potential risks that may jeopardize customer funds or compliance with TCR standards.
Develop and implement robust contingency procedures to address reconciliation failures efficiently and ensure their ongoing maintenance.
Conduct internal audit and risk evaluations pertaining to treasury controls to ensure regulatory compliance and operational integrity.
What We Are Looking For
A bachelor’s degree in Finance, Accounting, or an equivalent discipline is required.
A recognized accounting qualification, specifically the CPA(K) or ARCA, is mandatory, with candidates at the finalist level also eligible to apply.
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 the CBK regulations governing customer funds, electronic money, and payment systems is essential.
Proficiency in reconciliation tools and accounting systems is essential, with prior involvement in automation initiatives or system enhancement projects being highly advantageous.
Exceptional attention to detail is required, along with robust analytical and problem-solving skills, and the capacity to perform effectively under pressure while meeting strict deadlines.
A proactive professional who demonstrates initiative by assuming responsibility for tasks and independently resolving issues without requiring direction.
Exceptional interpersonal and relationship-building skills, particularly in managing stakeholders effectively.
What We Offer
This position represents a critical opportunity within a rapidly expanding fintech enterprise at a dynamic juncture in its development.
In a dynamic, team-oriented setting, your contributions play a pivotal role in enhancing customer confidence and reinforcing the organization’s compliance with regulatory standards.
Compensation will be provided at a competitive level, adjusted according to the candidate’s qualifications and professional background.
This role offers substantial avenues for advancing professional skills and career progression, fostering continuous learning and long-term development.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
3 years
