Cellulant Group

ABOUT CELLULANT

Cellulant is a leading Pan African payments company that provides locally relevant and alternative payment methods for global, regional and local merchants. We provide a single API payments platform - Tingg - that enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards, or directly from their bank.

OUR STORY

Founded in 2003, Cellulant has more than 23 years of experience providing locally relevant payment solutions for businesses and their consumers.

Our evolution over the years, from a digital content business to mobile banking and now to payments has allowed us to build strong relationships and partnerships. We’ve taken our years of experience and assets acquired over the years to provide a payments platform in the continent that focuses on driving merchant business and digital payments for local, regional and global merchants in the continent, and digitizing both online and offline payments.

Since 2003, the Cellulant team has learned, adapted and leveraged their experiences to pivot the business to become the leading payments provider in the continent.

You can read more about us and our Group leaders and Country Champions.

JOB TITLE:

Senior Manager: Treasury Operations


JOB DESCRIPTION:

As the Senior Manager: Treasury Operations at Cellulant, you will be a vital part of our mission to revolutionise digital payments across Africa. You will play a hands-on role in managing the day-to-day liquidity, ensuring smooth payment flows, and optimising the company's cash resources. Your expertise in treasury operations, meticulous attention to detail, and analytical skills will be crucial to maintaining our financial health and supporting our growth across multiple markets.

CORE RESPONSIBILITIES:

Payment Operations:

  • Float Funding: Manage and optimise float funding for airtime and payout transactions, ensuring sufficient liquidity to meet customer demand and support business growth.
  • Interbank Transfers: Execute timely interbank transfers to maintain optimal liquidity levels and support cross-border transactions.
  • Merchant Settlements: Process manual settlements for merchants efficiently and accurately, ensuring timely payouts and maintaining strong relationships with our partners.
  • Wallet Liquidation: Oversee the liquidation of wallets from various mobile network operators (MNOs), optimising processes and minimising costs.
  • Float Allocation: Allocate and manage float funds across the Tingg platform to ensure smooth operations and efficient utilisation of resources.

Foreign Exchange (FX) Management:

  • FX Procurement: Coordinate with partner banks to source foreign exchange at competitive rates and ensure timely execution of transactions.
  • FX Rate Monitoring: Monitor and analyse currency exchange rates to identify opportunities for cost savings and risk mitigation.
  • FX Reporting: Prepare regular reports on FX assets and liabilities, sources and uses of FX, FX revenues, and Value-at-Risk (VaR) analysis.

Treasury Operations:

  • Transaction Confirmation: Timely confirmation of treasury transactions to ensure accuracy and completeness of records.
  • Bank Reconciliations: Perform daily reconciliations of bank accounts to identify and resolve discrepancies, ensuring the integrity of financial data.
  • TMS Management: Oversee financial controls and authorisations within the Treasury Management System (TMS), ensuring compliance with internal policies and procedures.
  • Payment Approvals: Review and approve payments in accordance with established limits and controls.
  • Bank Account & Mandate Management: Maintain accurate records of bank accounts and mandates, ensuring they are up-to-date and compliant.
  • Rolling Reserves Monitoring: Monitor and manage rolling reserves to ensure compliance with regulatory requirements and mitigate liquidity risks.

Reporting and Analysis:

Tracking and Reporting: Maintain and update intercompany trackers, FX trackers, and settlement trackers to ensure accurate and transparent reporting.

  • Analysis: Conduct regular analysis of treasury data to identify trends, optimise processes, and support decision-making.
  • Daily Asset (cash) and liability (pending settlements) review
  • Assessment of VAR for pending settlements (with respect to FX rate changes)


QUALIFICATIONS & EXPERIENCE:

Must have experience:

  • Knowledge of banking, treasury and payments products and processes.
  • Thorough knowledge of African currency markets and regulatory frameworks
  • Strong communication skills and an ability to build and leverage cross-functional relationships.

    Nice to have experience:

    • Treasury Management System
    • Accounting
    • Strong understanding of financial markets, and banking operations.

    Qualification:

    • Education: Bachelor's Degree in Finance, Accounting, Economics, or a related field.
    • Experience: 5-8 years of hands-on experience in treasury operations, back-office processing, or a related field preferably within the fintech industry.
    • Knowledge:
    • Strong understanding of treasury functions, financial markets, and banking operations.
    • Familiarity with African financial markets and regulatory frameworks.
    • Knowledge of AML/CFT regulations and sanctions screening procedures.

      Skills:

      • Advanced proficiency in Microsoft Excel or Google Sheets for data analysis and reporting.
      • Experience with treasury management systems or enterprise resource planning (ERP) software is a plus.
      • Strong analytical and problem-solving skills.
      • Excellent attention to detail and accuracy.
      • Effective communication and interpersonal skills.
      • Ability to work independently and as part of a team.
      • Proactive, results-oriented, and adaptable to change.

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