Fixed Term - Treasury Officer at Old Mutual Kenya

This position will be responsible for accurate and timely reconciliation of cash inflows and outflows for the Old Mutual General Insurance Ltd. The officer will take reasonable steps to enforce controls to ensure that company financial assets are safeguarded. This position is also critical in providing accurate data for the preparation of annual financial statements, Monthly management accounts and for financial audits purpose.

KEY TASKS AND RESPONSIBILITIES

• Preparation of daily cash flow report by ensuring timely funding of payout accounts, optimization of current account balances
• Preparation of monthly and weekly cash flow reports
• Prepare efficient reports to support long-term and short-term placement decision making e.g., daily treasury reports, cashflow statements.
• Front office receipting and issuance of receipts to walk-in clients for cheques, EFT’s, MPESA, and swiped payments.
• Preparation of weekly Treasury receipting report
• Preparation of monthly bank reconciliations and follow up on reconciling items for the assigned accounts
• Receipting of cheques received and ensuring they are banked on time.
• Receipting of bank transactions into the reporting system
• Aiding and facilitating automation capabilities on receipting.
• Weekly reporting to the Treasury team leader and the credit control committee on the unreceipted items per bank statement.
• Management of unallocated ledger balance
• Monthly reconciliation of assigned general ledger accounts
• Preparation and posting of monthly foreign currency cash & bank revaluation journals
• Daily verification of MPESA integrations against the bank statements and posting to the general ledger
• Monthly treasury ledgers balance sheet substantiation and attestation
• Daily bank statement downloads and preparation of cash transactions reports to ensure AML Compliance.
• Identification, uploading, monitoring, and updating of risk and risk events identified in treasury day to day operations
• Maintain and update signatories’ mandate structure as per the updated board resolutions
• Manage banking Relationships
• Facilitate internal and external audits activities.
• Any other duties that may be allocated by management from time to time.