Principal: Treasury (Back Office) Operations - Kenya, Uganda, Tanzania, Zambia, Botswana

About Cellulant:

Cellulant is Africa’s leading payments company, providing seamless, secure and innovative solutions that empower businesses, banks, and global brands to thrive in a fast-changing global economy. 

With a presence in over 24 countries and 200+ payment methods, including cards, bank transfers, and mobile money, our single API payment platform, Tingg, simplifies collections, disbursements, and reconciliations. It processes over 4.5 million transactions daily for market leaders across
sectors such as
Airlines, Telecoms, E-commerce, Ride-Hailing, Retail, and Remittances. 

By simplifying how people pay and get paid, we drive trust, commerce and scale – and connect companies to their ambitions

Our Story:

Across Africa, payments are more than transactions. They are gateways to prosperity, connecting people, businesses and communities to opportunities and growth.

From enabling a logistics company in Lusaka to pay suppliers across borders, to enabling a hospitality brand in Lagos to scale effortlessly, to supporting an airline in Nairobi to reconcile payments from multiple platforms, Cellulant is the bridge that makes it all possible. 

Through trusted technology and customer-centric innovation, we build connections that inspire progress, strengthen economies and transform payments into a tool for progress.

Since our founding in 2003, we've continuously adapted and grown, leveraging our experiences to simplify payments for businesses. We are driven by an unshakable belief that seamless people-centred payments are the key to unlocking prosperity. 

Today, Cellulant powers online and offline payment processing, allowing businesses to collect payments, send payouts, and accelerate business growth.

Our Mission: 

To deliver seamless, secure and innovative payment solutions for businesses. 

Our Vision: 

To create a connected world where businesses move money as easily as they share ideas.

Role Overview: 

As Principal : Treasury Operations, you will oversee daily back-office treasury operations across multiple African regions with diverse economic and regulatory environments. You will ensure smooth and timely execution of all treasury-related activities, linking back-office operations with regional teams and external financial institutions.

What You'll do:

Settlement Management & Reconciliation

• Liaise with Merchants Operations team to obtain daily settlement amounts, ensuring all transactions are accurately recorded and processed on time.
• Upload manual settlements as per settlement files, verify transactions, and ensure bank charges are correctly applied.
• Ensure timely liquidation and reconciliation of funds from alternative payment methods, mobile money platforms, and aggregators.
• Support settlements across the group, coordinating with internal teams and external financial institutions to ensure accurate merchant transaction settlement.

 Liquidity & Cash Flow Management

• Update and maintain daily cash position files, ensuring all cash balances and outstanding settlements are accurately captured.
• Monitor and manage daily liquidity requirements to ensure sufficient funds for operations and merchant settlements across multiple regions.
• Assist in developing and maintaining merchant liquidity forecasts to meet obligations.
• Execute operational foreign exchange transactions required for settlements and liquidity management.
• Optimize cash flow management, ensuring efficient use of funds without holding excessive idle cash.
• Prepare reports supporting cash flow forecasting and financial planning.

 Treasury Operations & Execution

• Manage back-office treasury functions, including fund transfers, bank account management, and transaction reconciliation.
• Implement and maintain processes to ensure accuracy and compliance in treasury operations.
• Implement and maintain processes to ensure accuracy and compliance in treasury activities, including participating in operational automation projects (e.g., settlements, reconciliations, and fund transfers)

 Banking & External Stakeholder Management

• Act as the primary contact for banking partners, engaging daily to resolve treasury-related operational issues and maintain seamless financial operations.
• Assist in updating and maintaining bank mandates within the region, ensuring all authorizations align with regulatory and internal compliance requirements.

 Governance, Compliance & Risk Management

• Ensure compliance with financial policies, identify potential risks, and propose mitigation strategies to strengthen treasury controls.
• Oversee documentation and adherence to internal policies and external regulatory requirements.

 Reporting & Financial Analysis

• Analyze and report key treasury metrics to the Head of Treasury Operations.
• Prepare and review treasury reports, including liquidity positions, foreign exchange exposures, and settlement progress.
• Maintain accurate records of client interactions and transactions for audit and compliance purposes.

 Process Improvement & Automation

• Participate in treasury-wide process improvement and automation initiatives to enhance efficiency, accuracy, and overall operational effectiveness.

 Regional & Cross-Functional Collaboration

• Collaborate with regional teams to understand local financial regulations and ensure seamless cross-border fund transfers and settlements.
• Foster collaboration between back-office treasury teams and other departments as needed.

 Team Support & Development

• Provide support and mentorship to treasury analysts and other staff, helping them develop their skills and ensuring accuracy and efficiency in their work.

What we are looking for:

• Education: Bachelor’s degree in finance, Accounting, Economics, or a related field.
• Knowledge of banking, treasury and payments products and processes.
• Experience: 7-10 years of hands-on experience in treasury operations, back-office processing, or a related field preferably within the fintech industry.
• Strong understanding of treasury functions, financial markets, and banking operations.
• Familiarity with African financial markets and regulatory frameworks.
• Thorough knowledge of African currency markets and regulatory frameworks.
• Strong communication skills and an ability to build and leverage cross-functional relationships.
• Strong knowledge of finance and accounting principles within a multi-currency, multi-subsidiary environment.
  
• Advanced proficiency in Microsoft Excel or Google Sheets for data analysis and reporting.
• Experience with Treasury Management Systems (Kyriba) 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.
  

Why this role matters?

Operating across multiple African markets means navigating highly volatile economic climates, currency fluctuations, and distinct regulatory shifts. As our Principal: Treasury Operations, you are the critical bridge between our regional execution teams and global banking partners. You aren't just managing transactions; you are safeguarding our liquidity, minimizing financial risk, and ensuring that our cross-border operations remain seamless and resilient. Your oversight guarantees the financial stability that enables our business to scale with confidence.

Why Work for Us?

At Cellulant, we are more than a payments company: we are bridge-builders. We believe that by simplifying the way people pay and get paid, we are connecting companies to their ambitions, people to opportunities, and Africa to the global economy. Our work goes beyond payments—it’s about what people, businesses, and communities can do when the movement of money becomes more dependable, seamless, and secure. 

Some exciting things about us...

• We have an extensive footprint: We have an office presence in 10 countries, and our products serve 24 countries across Africa, with a global workforce of about 300 employees. 
• We believe innovation is at the heart of Fintech: Thousands of market leaders and top enterprises trust our technology to power their payments. Our customers are in various sectors, including financial services, travel and hospitality, telecom, e-commerce, remittance companies, SaaS, and the gig economy. 
• We support a diverse and inclusive workforce: We focus on the growth and development of our employees through well-developed, individualised career paths, ensuring you reach your full potential in a supportive and delivery-oriented environment. 
• We put our employees first: At Cellulant, your contribution is rewarded competitively. We use clear career levels and role titles, and benchmark our base pay against data and a well-established internal process. Your actual salary will reflect your experience, skills, impact and the scope of the role, as well as our business needs and prevailing market conditions. We also offer generous personal time off, and medical and life insurance benefits (markets permitting).
• We seek collaborative builders: At Cellulant, we believe that great ideas happen when we come together. Therefore, we nurture a collaborative work environment that challenges, engages, and empowers each person to contribute to the growth and success of the business. 
• We solve Africa's digital economy: We’re solving payment challenges on the continent to create opportunities and accelerate economic growth for all of Africa.