Treasury Accountant

Treasury Accountant

Maisha Meds is hiring! We’re looking for a Treasury Accountant with technical skills in accounting and banking to manage the company's financial assets and liabilities, ensuring efficient cash flow, and overseeing treasury operations.

Primary duties will include preparing cash flow forecasts, managing bank accounts, tracking upcoming payments and preparing payments for approval and authorization, and ensuring compliance with financial regulations. They will assist in monitoring foreign exchange risks, and help optimize liquidity.

Additionally, the Treasury Accountant will support financial reporting and budgeting and liaise with banks and financial institutions to ensure smooth operations and risk mitigation. Their role is essential in maintaining the company’s financial health and stability.

About Maisha Meds

Maisha Meds is an organization dedicated to improving health care in Africa through best-in-class technology.

Founded in 2017, Maisha Meds has created the largest digital network of private pharmacies and clinics across Kenya, Tanzania, Uganda, Nigeria, and Zambia through our mobile software. Our platform not only helps these providers improve business by making sales, managing inventory, and tracking patients. It also reimburses them for providing high-quality care for malaria, family planning, and HIV prevention at discounted costs. 

Maisha Meds logs millions of patient visits every year and has provided hundreds of thousands of reimbursements to date. We harness data from our network of pharmacies and clinics to reveal health and market trends, which allows us to design better solutions that work for the people we serve. We have worked with leading academic institutions such as UC Berkeley, Emory University, and KEMRI to evaluate the effectiveness of our programs. Research shows that our system is able to significantly increase the uptake of long-acting contraceptives and appropriate malaria case management.

Our work is funded by a range of partners including scale-up funding from USAID Development Innovation Ventures and the Bill & Melinda Gates Foundation. This will help Maisha Meds greatly expand its mobile software to 7,500 total pharmacies and clinics by late 2026, delivering subsidized care to nearly a million new patients in the process.

About the role

The Treasury Accountant will assist the Finance team in managing the organization’s liquidity, cash flow, and financial risk. This role involves weekly cash management, bank reconciliations, and assisting with debt management. The Treasury Accountant will work closely with internal departments and external stakeholders to ensure efficient and accurate financial operations. 

This role is based in Lagos, Nigeria with possible travel to Kenya. You will report to Finance Manager.

The start date is 3rd March  2025, and compensation is commensurate with experience.

Responsibilities

Cash Management & Liquidity:

• Assist in monitoring weekly cash positions for the US, Kenya, Uganda, Tanzania, and Nigeria entities, ensuring sufficient liquidity for operational needs.
• Prepare cash forecasts for the regional entities, ensuring that cash is optimally managed across these markets.
• Process cash movements, including transfers and funding requests across entities, ensuring accuracy and compliance with corporate treasury policies.

Bank Reconciliations & Reporting:

• Assist with weekly and monthly bank reconciliations for the entities across Kenya, Uganda, Tanzania, and Nigeria, ensuring discrepancies are identified and resolved in a timely manner.
• Coordinate with local banks in each region to address any issues related to transactions, payments, or account maintenance.
• Assist in generating reports on cash positions, payments, receipts, and reconciliations for each entity when needed.

Foreign Exchange & Payments Management:

• Monitor foreign exchange transactions and ensure optimal execution of currency conversions for each of the four entities.
• Support in managing foreign exchange risks, including the implementation of hedging strategies where applicable.
• Prepare and process payments across all entities including vendor payments, imprests and reimbursements, ensuring accuracy and timely processing.

Compliance & Regulatory:

• Assist with ensuring that all treasury activities comply with local regulations, tax laws, and corporate policies in each of the four countries.
• Support the preparation of documents for internal audits and external regulatory requirements.

Ad hoc Tasks:

• Provide administrative support for treasury-related projects across the entities.
• Assist with gathering data and preparing reports for management and external stakeholders, including auditors and regulatory bodies.

Qualifications

Academic qualifications: Bachelor’s degree in Finance, Accounting, Economics, or a related field.

Desired experience and skills

• 2 years of experience in a treasury, finance, or accounting role, preferably in a multinational or regional environment.
• Experience working with African markets (Kenya, Uganda, Tanzania, Nigeria) is an added advantage. 
• Familiarity with banking and accounting systems and proficiency in Microsoft Excel and Google Sheets

• Strong understanding of cash management, bank reconciliation, and financial analysis.
• Knowledge of foreign exchange markets and international banking operations.
• Ability to work with multiple stakeholders across different time zones and cultures.
• Strong analytical, organizational, and communication skills.
• Attention to detail with a focus on accuracy and compliance
• Ability to work in a fast-paced environment, managing multiple tasks and deadlines.
• Demonstrated ability to handle confidential information with integrity.

Mindsets:

a. A team player who loves working collaboratively

b. A sense of optimism, flexibility, and adaptability to any situation

c. An ability to thrive in ambiguous situations due to your resilience and tenacity

d. A growth mindset and a deep enthusiasm for learning, feedback, and continuous improvement

e. A blend of passion, humility, patience, and a good sense of humor

f. A tendency to roll up your sleeves in order to move projects forward

Why You Should Join Us

• On a roll: We are doubling year-over-year with new funding partnerships that are boosting expansion in multiple countries
• Great team: We are founded, managed, and backed by successful veterans of Stanford School of Medicine, Google, mPharma, and I&M bank. We have technologists, doctors, and economists working side by side to solve difficult problems.
• Great funders: We’re supported by the Bill & Melinda Gates Foundation, USAID Development Innovation Ventures, CIFF, WHO FIND, and Pfizer to pay for healthcare on behalf of patients, with others to be announced soon.
• Huge market: We are disrupting a massive, growing $50+ billion market for healthcare payments for low-income patients, with a focus on paying for health outcomes to ensure patients get the best quality care.
• Great customers: We create financial incentives that ensure our healthcare providers deliver excellent care.
• Impact: We have cultivated a fun and exciting start-up culture that empowers its talented staff to make a huge impact.