Treasury Accountant at UAP Group

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Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 17 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Latin America and Asia. We have 12 million customers and 31,000 employees as at the end of 2017 and with over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian, and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings ( ) as well as Faulu Microfinance Bank ( ) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan, and Rwanda.  The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;

Role Title:

Treasury Accountant-1 Post

Business Unit(s):


Business /Function:

Treasury Accountant



Reports To:

Senior Accountant

MDP Level:

Manager of self

Role Size


Job Summary

The incumbent will be responsible for ensuring that banks reconciliation are performed on time, surplus funds are invested on time, and that weekly cashflows are accurate and informative.

Key tasks and responsibilities

  • Preparation of bank reconciliation monthly and passing relevant journals to update the general ledger.
  • Follow up on all non-posted transactions in the system and un-cleared effects in the bank and clear.
  • Ensure that the cashbook is updated daily and that the bank accounts are not overdrawn, and surplus funds invested.
  • Prepare daily & weekly cash flow report.
  • Preparing investment reports and cash flow projections
  • Ensure all receipting for collections including Branches and satellites is timely done.
  • Prepare returned cheque listing and ensure that the receipts are reversed in the system and relevant staff informed to follow up for cheque replacement.
  • Maintain petty cash float and ensure proper accountability.
  • Ensure that the petty cash for branches is accounted for in a proper manner.
  • Ensure bank reconciliations are done and signed off on time.
  • Handle bank correspondences and ensure proper record keeping.
  • Monitor and clear the unallocated receipts ledger.
  • Coordination with other finance functions e.g. Payments, Credit Control, Branch officers etc. on funds allocation, incoming funds for appropriate action to be taken
  • Disburse petty cash and ensure proper accountability.
  • Ensure petty cash vouchers are expensed correctly.
  •  Perform any other duties that may be assigned from time to time

Academic/Professional Qualifications; experience; skills and competencies

  • University degree in accounting or other related area
  • Professional qualification in accounting
  • Good verbal and written communication skills
  • Good presentation and reporting skills.
  • Good interpersonal skills
  • Work experience of 2 years in a similar role
  • Good attention to details and accuracy

Method of Application

Submit your CV and Application on Company Website : Click Here
Closing Date : 7th March, 2021.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application.

ONLY short-listed candidates will be contacted.