The Senior Treasury Accountant owns the day-to-day treasury of all Tatu City’s Kenyan legal entities: knowing every entity’s cash position each morning, paying local and international suppliers accurately and on time, placing surplus cash for the best safe return, and managing the foreign exchange exposure that comes from operating in Kenyan shillings and US dollars with overseas suppliers and affiliates abroad.
This is a demanding, hands-on operational role, not a supervisory desk job. The holder personally prepares and uploads payment files, builds the cash flow forecast and cash flow statement, negotiates deposit and foreign exchange rates with banks, and supervises a Junior Accountant. Working closely with the Country CFO and operational teams, the role turns business plans into reliable cash visibility, leads treasury in the 2027 Tier-1 ERP migration, and is expected to challenge existing practices and implement change.
Responsibilities:
1. Cash Position, Liquidity & Forecasting
Establish each morning the cash position of every entity, bank, and currency; lead bank balances reconciliations and financial assets daily, and issue a daily cash report to the Head of Finance.
Prepare monthly and quarterly cash flow forecasts, including a rolling 13-week forecast by entity and currency, built from inputs gathered directly from project, procurement, sales, collections, payroll and other operational teams.
Analyse forecast against actual monthly, explain variances, and improve accuracy by challenging the timing and amounts submitted by operational teams.
Anticipate funding gaps and surpluses and act early — inter-account and inter-entity transfers, deposit maturities, facility drawdowns or re-phasing of payments — so that construction milestones, land and infrastructure commitments, payroll and tax obligations are always met in each entity and currency.
2. Payments & Collections
Personally prepare, validate and upload payment files on the banking platforms (EFT, RTGS, PesaLink, mobile money and SWIFT) for supplier, contractor, staff and statutory payments, with all approvals obtained as per the corporate policies.
Run a disciplined payment calendar with clear cut-offs; prioritise payments against available liquidity and agree the weekly payment run with the Head of Finance.
Release payments only with complete documentation (approved invoice, purchase order, contract, tax compliance and withholding) and independently verified new or changed beneficiary bank details, keeping a clean audit trail and protecting against payment fraud.
Process international supplier payments, including import documentation and bank compliance requirements, and follow each transfer through to confirmed receipt.
Monitor receipts daily — property sale instalments, lease and service charge income, utility and other revenues — allocate them promptly with the receivables team, and clear unidentified receipts fast.
3. Investment of Surplus Cash
Maximise the return on excess cash through call deposits, fixed-term deposits and other approved short-term instruments, in KES and USD, while preserving capital and the liquidity required by the forecast.
Obtain competing quotes from several banks for every placement, negotiate rates, document the decision, and ladder maturities to match forecast outflows.
Monitor bank counterparty exposure against approved limits and recommend changes as a bank’s risk profile or pricing evolves.
Maintain the deposit register (maturities, rollovers, monthly interest accruals, withholding tax certificates) and report monthly on average yield against market benchmarks and on idle balances in non-interest-bearing accounts.
4. Foreign Exchange & International Flows
Measure and report the foreign exchange exposure of each entity — cash, receivables, payables, loans and intercompany balances in USD and other currencies against KES.
Apply natural hedging first by matching currency inflows with outflows and timing conversions and payments;…