Treasury Officer at Old Mutual Kenya

Job Description

• 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 Responsibility

• 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
• Preparation of daily cash control reports and cash-up journals
• Prepare efficient reports to support long-term and short-term placement decision making e.g., daily treasury reports, cashflow statements.
• Updating and managing the list of portfolio investments under Treasury.
• Preparation of weekly Treasury receipting report
• Preparation of monthly bank reconciliations and follow up on reconciling items for the assigned 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
• Receipting of cheques received and ensuring they are banked on time.
• Receipting of bank transactions into the reporting system
• Management of unallocated ledger balance
• Monthly reconciliation of assigned general ledger accounts
• Monthly Reconciliation of Treasury Control accounts
• Monthly treasury ledgers balance sheet substantiation and attestation
• Vendor bank account activations
• 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
• Preparation of bank mandate board proposals

Controlled Disclosure

• 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

Qualifications

• Degree in Finance or related field
• Certified Public Accountant/ACCA qualifications
• minimum 3 years experience .