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Senior Accountant – Treasury & Investments

Nairobi

  • Organization: ATI - African Trade Insurance Agency
  • Location: Nairobi
  • Grade: Mid level - Mid level
  • Occupational Groups:
    • Operations and Administrations
    • Accounting (Audit, Controlling)
    • Banking and Finance
  • Closing Date: Closed

SENIOR ACCOUNTANT: TREASURY & INVESTMENTS – JOB DESCRIPTION

Under the supervision of, and reporting to the Chief Financial Officer, the Senior Accountant-Treasury and Investments will be responsible for developing the ATI Investment and Treasury Strategy, Funding Strategy and Asset Liability Management as well as managing and monitoring treasury and investments performance; managing and monitoring the funding structure and ensuring capital adequacy and liquidity.

Key Duties and Responsibilities:

  • In charge of developing the ATI investment, capital management and asset liability management strategy
  • Development  of ATI’s investment policy, funding strategy, and liquidity management strategy
  • Develop, monitor and manage ATI’s bank relationships
  • Identification of fund managers for approval by the CFO and the Management Investment Committee
  • Manage the performance of fund managers including setting appropriate performance benchmarks and ensuring that these benchmarks are achieved
  • Give professional advice on strategic and tactical asset allocation
  • Manage long term and short term cash flow and working capital /liquidity management.
  • Manage balance sheet and day to day liquidity to support the business needs.
  • Balance Sheet Optimisation
  • Responsible for assets and liability matching, currency risk management and risk mitigation strategies such as hedging
  • Forecast medium and long-term funding requirements
  • Design and implementation of strategies to mitigate risks such as financial risk, market risk, credit risk, liquidity risks and capital management risks
  • Manage and monitor treasury and investments
  • Analyse and optimize investments’ return
  • Oversee the work of the Treasury and investments department  and ensure that all transactions are properly booked in an accurate and timely manner
  • Review all investment accounts and ensure balance sheet reconciliations are done on a monthly basis and all reconciling items are resolved in a timely manner and that all balances are agreed with all counterparties.
  • Ensure valuations of all investments is conducted in accordance with IFRS.
  • Explore and propose new investment opportunities and different classes of investment to the MIC
  • Produce monthly report and dashboards on investments including the macro and microeconomic outlooks guiding the short term and long-term investment strategy
  • Coordinate with bank and asset managers
  • Manage capital (share valuation, dividends, share buy-back, etc.)
  • Work closely with the Membership Department/Unit
  • Work on due diligence processes for financial institutions and other investment proposals
  • Prepare management and board investment reports
  • Implement effective people management initiatives including:
✔ Monitoring workflow, volume of work deliverables and the delivery of work of direct reports;
✔ Assisting team members in outlining their professional development goals and identifying any need for and monitoring “on the job training”; mentoring and coaching team members;
✔ Ensuring the efficient and fair assignment of work to direct reports; and
✔ Providing ongoing informal and formal feedback to direct reports and ensuring direct reports who are primary supervisors provide similar feedback to those they supervise.

Role Specifications:

  • A Master’s degree in Business Administration (MBA), Finance or Accounting Option
  • Bachelor of Commerce degree in Accounting or Finance
  • Professional investment  qualifications e.g. CFA
  • Membership of a professional body such as CA, ICPAK, CIMA, ACCA or similar bodies
  • A minimum of  twelve (12) years relevant  Investment and Treasury experience
  • Knowledge in strategy development
  • Knowledge in policy development
  • Knowledge of and experience working in a Treasury function
  • In-depth understanding of the global fixed income market and investments
  • Knowledge and experience in foreign currency hedging strategies, cash flow forecasting and debt sourcing skills
  • Good understanding of Solvency II and RBC
  • Microsoft excel modelling capabilities
  • Risk management skills
  • Strong analytical skills with a high level of accuracy and attention to details
  • Strong planning and organizing skills
  • Proactive and autonomous.
  • Proficiency in standard office computer applications.
  • Demonstrate ATI’s core values – unity of purpose, customer first approach, integrity, getting it first the right time and creativity;
  • Ability to work in a multi-cultural environment;
  • Excellent communication (oral, written and presentation) and interpersonal skills; and
  • Fluency in written and spoken English. French will be an advantage.
This vacancy is now closed.
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