Treasury Accountant at Maisha Meds

Description

• We’re looking for a Treasury Accountant with technical skills in accounting and banking to manage the company's financial assets and liabilities, ensuring efficient cash flow, and overseeing treasury operations.
• Primary duties will include preparing cash flow forecasts, managing bank accounts, tracking upcoming payments and preparing payments for approval and authorization, and ensuring compliance with financial regulations.
• They will assist in monitoring foreign exchange risks, and help optimize liquidity.
• Additionally, the Treasury Accountant will support financial reporting and budgeting and liaise with banks and financial institutions to ensure smooth operations and risk mitigation.
• Their role is essential in maintaining the company’s financial health and stability.

About the Role

• The Treasury Accountant will assist the Finance team in managing the organization’s liquidity, cash flow, and financial risk.
• This role involves weekly cash management, bank reconciliations, and assisting with debt management.
• The Treasury Accountant will work closely with internal departments and external stakeholders to ensure efficient and accurate financial operations.
• This role is based in Lagos, Nigeria with possible travel to Kenya. You will report to Finance Manager.
• The start date is 3rd March  2025, and compensation is commensurate with experience.

Responsibilities
Cash Management & Liquidity:

• Assist in monitoring weekly cash positions for the US, Kenya, Uganda, Tanzania, and Nigeria entities, ensuring sufficient liquidity for operational needs.
• Prepare cash forecasts for the regional entities, ensuring that cash is optimally managed across these markets.
• Process cash movements, including transfers and funding requests across entities, ensuring accuracy and compliance with corporate treasury policies.

Bank Reconciliations & Reporting:

• Assist with weekly and monthly bank reconciliations for the entities across Kenya, Uganda, Tanzania, and Nigeria, ensuring discrepancies are identified and resolved in a timely manner.
• Coordinate with local banks in each region to address any issues related to transactions, payments, or account maintenance.
• Assist in generating reports on cash positions, payments, receipts, and reconciliations for each entity when needed.

Foreign Exchange & Payments Management:

• Monitor foreign exchange transactions and ensure optimal execution of currency conversions for each of the four entities.
• Support in managing foreign exchange risks, including the implementation of hedging strategies where applicable.
• Prepare and process payments across all entities including vendor payments, imprests and reimbursements, ensuring accuracy and timely processing.

Compliance & Regulatory:

• Assist with ensuring that all treasury activities comply with local regulations, tax laws, and corporate policies in each of the four countries.
• Support the preparation of documents for internal audits and external regulatory requirements.

Ad hoc Tasks:

• Provide administrative support for treasury-related projects across the entities.
• Assist with gathering data and preparing reports for management and external stakeholders, including auditors and regulatory bodies.

Qualifications

• Academic qualifications: Bachelor's Degree in Finance, Accounting, Economics, or a related field.

Desired experience and skills:

• 2 years of experience in a treasury, finance, or accounting role, preferably in a multinational or regional environment.
• Experience working with African markets (Kenya, Uganda, Tanzania, Nigeria) is an added advantage. 
• Familiarity with banking and accounting systems and proficiency in Microsoft Excel and Google Sheets

• Strong understanding of cash management, bank reconciliation, and financial analysis.
• Knowledge of foreign exchange markets and international banking operations.
• Ability to work with multiple stakeholders across different time zones and cultures.
• Strong analytical, organizational, and communication skills.
• Attention to detail with a focus on accuracy and compliance
• Ability to work in a fast-paced environment, managing multiple tasks and deadlines.
• Demonstrated ability to handle confidential information with integrity.

Mindsets:

• A team player who loves working collaboratively
• A sense of optimism, flexibility, and adaptability to any situation
• An ability to thrive in ambiguous situations due to your resilience and tenacity
• A growth mindset and a deep enthusiasm for learning, feedback, and continuous improvement
• A blend of passion, humility, patience, and a good sense of humor
• A tendency to roll up your sleeves in order to move projects forward

Why You Should Join Us

• On a roll: We are doubling year-over-year with new funding partnerships that are boosting expansion in multiple countries
• Great team: We are founded, managed, and backed by successful veterans of Stanford School of Medicine, Google, mPharma, and I&M bank. We have technologists, doctors, and economists working side by side to solve difficult problems.
• Great funders: We’re supported by the Bill & Melinda Gates Foundation, USAID Development Innovation Ventures, CIFF, WHO FIND, and Pfizer to pay for healthcare on behalf of patients, with others to be announced soon.
• Huge market: We are disrupting a massive, growing $50+ billion market for healthcare payments for low-income patients, with a focus on paying for health outcomes to ensure patients get the best quality care.
• Great customers: We create financial incentives that ensure our healthcare providers deliver excellent care.
• Impact: We have cultivated a fun and exciting start-up culture that empowers its talented staff to make a huge impact.