Treasury Accountant | WD Clubs Africa | Nairobi, Kenya – 2024

Accountant

WD Clubs Africa

Treasury Accountant

WD Clubs Africa

Nairobi, Kenya – 2024

About WD Clubs Africa

WD Clubs Africa is a leading financial services company committed to delivering top-notch financial solutions to our clients. Our vibrant and inclusive culture fosters innovation, collaboration, and professional growth. At WD Clubs Africa, we believe in empowering our employees and creating an environment where they can thrive.

Job Title: Treasury Accountant

Overview

As a Treasury Accountant at WD Clubs Africa, you will play a crucial role in managing and overseeing the accounting and administration of our treasury operations. You will be responsible for ensuring the accuracy and integrity of our financial data, contributing to the overall financial health of our organization.

Job Category

Finance & Accounting

Why Join WD Clubs Africa?

Compensation and Benefits

  • Competitive Salary: Our compensation package is designed to attract top talent.
  • Annual Leave: Enjoy 24 days of annual leave to recharge and unwind.
  • Work-Life Balance: We believe in maintaining a healthy work-life balance with 45 working hours per week.
  • Professional Development: Opportunities for growth and career advancement within the company.
  • Health Benefits: Comprehensive health insurance plans to ensure your well-being.

Company Culture

At WD Clubs Africa, we pride ourselves on our inclusive and dynamic work environment. We encourage our employees to bring their unique perspectives and ideas to the table. Our commitment to diversity and inclusion ensures that everyone feels valued and respected.

Role and Responsibilities

Primary Responsibilities

  1. Reconciliation Pack Preparation: Prepare a comprehensive reconciliation pack of total treasury accounts for the internal control department.
  2. Account Reviews: Review reconciliations of treasury product accounts.
  3. Monthly Income and Expense Checks: Conduct monthly reviews of income and expense items to ensure accuracy.
  4. Maturity List Management: Ensure the completion of the maturity list of funding products.
  5. Management Pack Preparation: Support the preparation of the management pack, including:
    • Income and expense items for the treasury and funding branch.
    • Reconciliation of treasury products and other general ledger items.
    • Budget analysis (comparing budgeted vs. actual figures) and informing the manager of notable discrepancies.
  6. Interbank Interest Management: Ensure accurate monthly interbank interest payments and receipts.
  7. Bank Communications: Maintain communication with banks regarding facilities, balances, opening new accounts, etc.

Competencies and Skills Required

  • Educational Background: Bachelor’s Degree in BCOM, Finance, or a related field.
  • Experience: 3-5 years of experience in the banking sector with exposure to supervisory roles.
  • Technical Skills: Proficiency in financial software and complex calculations.
  • Analytical Skills: Strong analytical abilities and attention to detail.
  • Interpersonal Skills: Excellent command of English and strong interpersonal skills.
  • Confidentiality: Ability to handle sensitive information with discretion.

Differentiating Competencies

  • Accounting expertise
  • Information analysis
  • Thoroughness and deadline orientation
  • Negotiation skills
  • Knowledge of corporate finance

How to Apply

If you are interested in this role, send your updated resume to Recruitment@wdclubsafrica.com with the subject line “Treasury Accountant” by 1st June 2024. Due to the number of applications received, only shortlisted candidates will be contacted.


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SAMPLE COVER LETTER FOR A TREASURY ACCOUNTANT

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]

Hiring Manager
WD Clubs Africa
Nairobi, Kenya

Dear Hiring Manager,

I am writing to express my interest in the Treasury Accountant position at WD Clubs Africa, as advertised. With a Bachelor’s Degree in Finance and over five years of experience in the banking sector, I have developed a comprehensive understanding of treasury operations and financial management. My background in supervisory roles and proficiency in financial software aligns perfectly with the competencies required for this role.

At my previous position with [Previous Employer], I was responsible for preparing detailed reconciliation packs, managing monthly income and expense reviews, and ensuring accurate interbank interest payments. My strong analytical skills and attention to detail enabled me to identify discrepancies and implement effective solutions.

WD Clubs Africa’s commitment to innovation and professional growth resonates with my career aspirations. I am eager to contribute to your team and support the company’s financial objectives.

Thank you for considering my application. I look forward to the opportunity to discuss how my skills and experiences align with the goals of WD Clubs Africa.

Sincerely,
[Your Name]


HOW TO BE A SUCCESSFUL APPLICANT FOR THE TREASURY ACCOUNTANT POSITION

  1. Tailor Your Resume: Customize your resume to highlight your relevant experience and skills that match the job description.
  2. Research the Company: Understand WD Clubs Africa’s values, culture, and recent achievements.
  3. Prepare for Interviews: Practice answers to common interview questions and be ready to discuss your previous roles and responsibilities in detail.
  4. Showcase Your Skills: Highlight your proficiency in financial software and your ability to manage complex calculations.
  5. Demonstrate Analytical Abilities: Provide examples of how you have used your analytical skills to solve financial problems.
  6. Highlight Your Experience: Focus on your experience in the banking sector and any supervisory roles you have held.
  7. Be Professional: Maintain a professional demeanor in all communications and during the interview process.
  8. Ask Questions: Prepare thoughtful questions to ask the interviewer about the role and the company.
  9. Follow Up: Send a thank-you email after the interview to express your appreciation for the opportunity.
  10. Show Enthusiasm: Demonstrate your enthusiasm for the role and your eagerness to contribute to the team.

Possible Treasury Accountant Interview Questions With Answers

1. Can you describe your experience with treasury accounting?

Answer: I have over five years of experience in treasury accounting, where I managed reconciliation packs, monthly income and expense reviews, and interbank interest payments. At my previous job, I successfully identified and rectified discrepancies in financial records, ensuring accurate reporting.

2. How do you handle tight deadlines and high-pressure situations?

Answer: I prioritize tasks based on urgency and importance, use effective time management techniques, and remain calm under pressure. For instance, during the financial year-end, I streamlined processes to ensure all reconciliations and reports were completed on time.

3. What financial software are you proficient in?

Answer: I am proficient in several financial software systems, including SAP, Oracle Financials, and QuickBooks. I have used these tools to manage treasury operations, prepare financial reports, and conduct budget analyses.

4. Can you give an example of a time when you identified a significant discrepancy in financial records?

Answer: At my previous job, I discovered a discrepancy in the interbank interest payments that resulted from a data entry error. I corrected the error and implemented a double-check system to prevent future occurrences, which improved our accuracy by 15%.

5. How do you ensure confidentiality in your work?

Answer: I follow strict protocols for handling sensitive information, including secure data storage, restricted access, and adherence to company policies and regulatory requirements. Confidentiality is paramount in my role.

6. What strategies do you use for effective communication with banks?

Answer: I maintain regular contact with bank representatives, use clear and concise communication, and ensure that all documentation is accurate and complete. Building strong professional relationships with banks has been crucial in my role.

7. How do you stay updated with the latest financial regulations and industry trends?

Answer: I regularly attend industry seminars, subscribe to financial journals, and participate in professional development courses. Staying informed about changes in financial regulations ensures compliance and best practices.

8. Describe a time when you had to analyze a complex financial problem.

Answer: I was tasked with analyzing a budget variance that was impacting our financial statements. Through detailed examination and collaboration with various departments, I identified the root cause as an underreported expense and implemented corrective measures.

9. What are your strengths in terms of accounting and financial analysis?

Answer: My strengths include a keen eye for detail, strong analytical skills, and the ability to interpret complex financial data. These skills have enabled me to provide accurate and insightful financial analysis that supports strategic decision-making.

10. How do you ensure the accuracy of financial reports you prepare?

Answer: I use a systematic approach to verify all data, cross-check figures, and perform thorough reviews before finalizing any financial reports. Additionally, I implement quality control measures to maintain high standards of accuracy.



Best of Luck! We are committed to attracting and retaining the best employees from all races and backgrounds in our continued effort to become a better development partner. We are an equal employer and do not charge any application/recruitment fee, whether refundable or not.


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To apply for this job email your details to Recruitment@wdclubsafrica.com


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