Job Description
Scope of activities include:
- Transaction processing and settlement – Ensure effective settlement of transactions with partner banks, remittance partners and merchants. Provide support to ops team to investigate and close pending transactions.
- Float management – Ensure accounts are adequately funded to perform remittance and other transactions. Manage treasury to ensure surplus funds are monetized properly.
- Forex Management – Ensure adequate coverage and margin from international remittances.
- Reconciliation – Daily reconciliations to promptly identify incomplete/incorrect transactions and take remedial action to ensure customer and merchant satisfaction and avoid revenue leakage.
- Operational reporting - Ensure that daily, weekly and monthly reports exist for all relevant activities, trends, revenues in the mobile money structure.
- Regulatory reporting - Ensure accuracy, timeliness and compliance reporting of local and international transactions as required to be fully compliant with AML and regulatory guidelines.
- Banking Activities – Manage all bank accounts for mobile money, deliver the day-to-day visibility of bank balances. Prepare cash forecasts and manage cash for effective working capital.
Key accountabilities and decision ownership
- Setup a finance operations manual covering end-to-end processes and controls.
- To add proper controls in any new revenue stream being introduced and maintaining proper reconciliations and process.
- Focal point for queries from regulator, banking partners and remittance partners.
- Accountable for all financial reporting. Support external auditor to certify the financial results of the mobile financial services subsidiary.
- Financial Planning and Financial Operations to develop short, medium and long terms cash flow forecasts
Qualifications
Qualifications:
- Bachelor’s degree in finance, Quantitative Economics, Business Administration or equivalent discipline
- GAAP certification
- Certifications in Treasury management, general accountancy or Tax will be an advantage
- Fintech experience
- Minimum 8 years of working experience with at least 3 of which should be in the mobile money finance operations related environment.
- Prior banking domain experience in Treasury or Remittances.
- Ability to work under stress and meet tight deadlines.
- Should have a solid track record of developing processes, building teams and setting up departments performing teams.
- Start-up experience will be an advantage