Fintech Treasury Manager

Fintech Treasury Manager

Location: Nairobi, Kenya

Does building the cash management processes and controlling the flow of funds for a fast growing HR Fintech excite you?

Workpay is on a mission to help organizations in Africa manage and pay employees easily, accurately and compliantly. Whether for remote employees in Mali or a local team in Morocco, Workpay’s software-as-a-service platform and Employer of Record (EoR) services ensure that payrolls, compliance, benefits, and payments arrive on time, every time. With employees at the core of our work, our team cares deeply about people and inspires them to grow.

Background

Since 2020, we have doubled our team, opened four new country offices, and opened subsidiaries in nearly 30 African countries. We are managing digital payroll wallets and remote employee payrolls for hundreds of organizations across the continent. To service them, we also now have dozens of internal bank and mobile money accounts across our subsidiary network. We are therefore looking for a highly organized and process-oriented Treasury Manager to manage cash flows, account floats, payments, forex, and transactions across borders.

Role Overview

The Treasury Manager will be crucial for controlling and tracking funds through our bank and mobile money accounts. Day-to-day responsibilities will include cash management, financial analysis, coordinating inbound and outbound cross-border payments, and forex management.

At the strategic level, the Treasury Manager will ensure financial stability and liquidity through sound financial planning as we scale. They will also revamp, design, and maintain robust and scalable systems, ensuring perfect record-keeping and maintaining responsiveness as we scale. This will entail working with our Product, Engineering, and Operations teams to identify and realize opportunities for efficiency, automation, and integration between software products.

Required Qualities and Qualifications

• Bachelor’s degree in finance, accounting, or a related field

• 5+ years in treasury management and financial analysis

• 2+ years working for a digital payments, financial services or mobile money provider

• Tech savvy: experience using treasury and financial software and working with technical teams on process design and optimization through system integrations and customizations

• Customer-service oriented: experience communicating effectively with business customers regarding digital payments, wallet balances, and other product related issues

• Analytical: experience creating cash flow forecasts, liquidity and variance analysis

• Detailed systems thinker: experience creating new robust and scalable cash and accounting systems for coordinating and tracking accounts, payments, and transactions

• Knowledge of financial regulations, compliance, and best practices in risk management

• Understanding of cross-border payments, forex transactions, and international banking

Preferred Qualifications

• A master's degree or professional certifications (e.g., CTP, CFA).

• French language skills

Roles and Responsibilities

Cash Flow Management

• Monitor, manage and analyze daily cash flow to ensure efficient funds utilization

• Forecast cash flow requirements to meet financial obligations

• Develop and maintain cash management strategies to optimize liquidity

• Execute cash movements to maintain liquidity while minimizing idle cash

Payment Processing and Wallet Management

• Quickly and accurately disburse salaries and vendor payments across borders

• Ensure the accuracy and timeliness of payroll and payment processing

• Implement efficient payment methods and technologies

• Manage customer digital wallets, ensuring rapid top-ups to facilitate timely salary disbursements from our software platform

• Work with the Operations and Product Departments to streamline wallet top-up

Cross-border Payments and Forex

• Handle cross-border payments and fund transfers efficiently and affordably

• Stay updated on foreign exchange markets and execute forex transactions

• Mitigate currency risks and maximize cost savings through hedging strategies

• Build and maintain relationships with financial institutions and payment processors

• Negotiate terms, fees and services to optimize banking arrangements

Compliance and Risk Management

• Development and implement risk-management strategies to safeguard assets and mitigate risks such as currency exchange, interest rate, and liquidity

• Ensure compliance with relevant regulations, including anti-money laundering (AML) and Know Your Customer (KYC) requirements

• Stay informed to ensure compliance with banking, financial, tax, and reporting regulations and requirements, advising on adjustments where necessary

Financial and Investment Planning and Reporting

• Prepare and present regular cash flow forecasts, variance analysis, and other financial reports

• Analyze financial data to inform decisions about cash and investments

• Collaborate with other finance teams to develop budgets and financial plans

• Monitor financial performance against budgets and provide variance analysis

• Evaluate investment opportunities and develop strategies to surplus funds

• Monitor investment performance and adjust strategies as necessary

Process Improvement

• Continuously make process improvements to enhance efficiency and accuracy for scale

• Automate and optimize tasks and systems in collaboration with Product and Operations

Why Workpay?

• Competitive, incentive-based remuneration, health cover, and gym membership.

• Purpose driven work. We are building the rails for employment payments and compliance across Africa, helping drive economic growth and development.

• Career advancement through constant opportunities for learning and growth. Your knowledge and experience will contribute directly to our innovative payroll software.

• Working in a flexible, vibrant team environment with a flexible remote work policy. Work from home or from our fun, funky modern office in Westlands.