New Job Vacancies at Cellulant Corporation

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Analyst: Reconciliation

Role Summary

As the Analyst: Reconciliation, you will play a vital role in executing reconciliation policies for the organization, running the reconciliation processes and ensuring the accuracy of financial data for our clients while maintaining the single source of truth on all portfolios assigned to them.
This role requires a deep understanding of financial operations and accounting, attention to detail, and the ability to execute on process improvement initiatives.

Key Responsibilities

Manage Reconciliations Across Cadence:

• Take full ownership of daily, weekly, and monthly reconciliations to ensure every financial transaction is accurately recorded and matched against the business’s cashflow and ledger entries.
• Validate the cash position of the business at each cadence, ensuring completeness and transparency in financial reporting.
• Collaborate with relevant teams to ensure all discrepancies identified during reconciliations are addressed in a timely and effective manner.
• Prepare detailed management reports on the status of reconciliations, highlighting trends, anomalies, and actionable recommendations to improve financial accuracy and visibility.

Maintain Knowledge of Reconciliation Procedures:

• Develop a deep understanding of reconciliation procedures, associated risks, systems, and workflows to ensure all processes are executed efficiently.
• Act as the subject matter expert on reconciliation, providing guidance and insight to team members and stakeholders on resolving queries and optimizing processes.
• Continuously update your knowledge of evolving reconciliation technologies and practices to ensure the department remains at the forefront of efficiency and accuracy.

Perform Audits and Ensure Adherence to Procedures:

• Conduct regular audits of reconciliation processes as directed by the Senior Manager: Reconciliation to ensure compliance with established procedures and identify gaps that could compromise accuracy.
• Analyze findings from reconciliation audits to recommend and implement improvements to processes, systems, or controls.
• Actively monitor high-risk or high-value reconciliation items to mitigate financial exposure and ensure that long-outstanding exceptions are resolved promptly.
• Implement corrective measures for any deficiencies uncovered during audits and track their resolution to closure.

Monitor Account Activity for Anomalies:

• Proactively monitor all accounts to detect unusual activity or anomalies that could signal discrepancies or risks in the reconciliation process.
• Investigate any identified anomalies and escalate significant issues for immediate resolution, ensuring no impact on business operations.
• Collaborate with risk and compliance teams to assess the root cause of anomalies and implement preventative strategies to avoid future occurrences.

Manage Exceptions in Reconciliation:

• Take responsibility for tracking and resolving exceptions in the reconciliation process, ensuring that discrepancies are thoroughly analyzed and corrective actions are implemented.
• Establish clear communication channels with relevant teams, including operations, finance, and technology, to expedite the resolution of disputed items or mismatched transactions.
• Develop exception tracking reports to provide visibility into unresolved issues and follow up consistently to ensure exceptions are resolved within agreed timelines.

Resolve Escalated Queries Promptly:

• Act as the escalation point for complex or high-impact reconciliation issues, ensuring all queries are addressed swiftly and effectively.
• Liaise with stakeholders across departments to clarify concerns, mitigate risks, and guarantee adherence to financial policies.
• Communicate resolution outcomes to stakeholders and maintain accurate records of escalated issues and their resolutions for future reference.

Process Improvement and Optimization:

• Evaluate existing reconciliation processes for inefficiencies and recommend improvements to enhance the speed, accuracy, and reliability of financial reporting.
• Work with the technology team to automate repetitive reconciliation tasks and integrate innovative tools to improve process workflows.
• Implement best practices in reconciliation and educate team members on strategies to reduce errors and improve efficiency.

Reporting and Analytics:

• Utilize analytics tools like Power BI to generate reports that provide insights into reconciliation performance, trends, and areas requiring attention.
• Present findings and actionable insights to management and senior leadership to guide strategic decisions related to financial operations.
• Maintain dashboards to visually track reconciliation progress, anomalies, and outstanding items for improved transparency and accountability.

Collaboration and Stakeholder Engagement:

• Build strong working relationships with cross-functional teams, including finance, operations, and technology, to ensure alignment and collaboration in reconciliation processes.
• Actively communicate reconciliation updates and findings to stakeholders to keep them informed and engaged in improving processes.
• Provide training and support to stakeholders on reconciliation procedures and systems to ensure consistency across all functions.

Risk Management:

• Identify risks associated with reconciliation processes and develop strategies to mitigate potential impacts on financial reporting and business operations.
• Ensure compliance with regulatory standards and company policies in all reconciliation tasks, reducing exposure to audit findings or penalties.
• Conduct regular reviews of controls in reconciliation processes to ensure risks are adequately addressed and managed.

Professional Development:

• Stay current with industry trends and advancements in reconciliation
• Pursue continuous professional development opportunities to enhance skills and knowledge.

Experience

• At least 3 years experience in accounting with 2-3 years’ experience managing reconciliation within a financial institution (preferably a bank) and a thorough understanding of digital payment services, processes, and procedures.
• Knowledge of the foreign exchange market, processing cross-border payments, and management of multiple currencies within a digital ecosystem, as well as an understanding of the risks associated with managing transactions in multiple jurisdictions.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Proficiency in reconciliation software and tools.
• Experience in the financial services industry is highly desirable.
• Bachelor’s Degree in Finance/ Accounting or related field.
• Experience in the financial services or payment industry is highly desirable.

Skills

• Financial Accounting.
• Reconciliation Process & Procedures.
• Data Management.
• Stakeholder engagement.
• Detail-oriented with a commitment to accuracy.
• Excellent communication and interpersonal skills.
• Adaptability and learning agility.
• Grit

Key Attributes

• Analytical: Strong analytical skills to identify risks and assess the effectiveness of internal controls.
• Detail-Oriented: High attention to detail and accuracy in documentation and reporting.
• Communication: Excellent communication and interpersonal skills to convey control expectations and engage stakeholders.
• Problem-Solving: Strong problem-solving abilities to develop and implement effective risk mitigation strategies.
• Integrity: High ethical standards and commitment to maintaining the highest level of integrity in internal controls.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities.
• Collaborative: A team player who can work effectively with cross-functional teams and senior management.

Senior Analyst: Reconciliations

ROLE PURPOSE

As the Senior Analyst: Reconciliation, you will play a vital role in executing reconciliation policies for the organization, running the reconciliation processes and ensuring the accuracy of financial data for our clients while maintaining the single source of truth on all portfolios assigned to them. This role requires a deep understanding of financial operations and accounting, attention to detail, and the ability to execute on process improvement initiatives.

KEY RESPONSIBILITIES

Manage Reconciliations Across Cadence:

• Take full ownership of daily, weekly, and monthly reconciliations to ensure every financial transaction is accurately recorded and matched against the business’s cashflow and ledger entries.
• Validate the cash position of the business at each cadence, ensuring completeness and transparency in financial reporting.
• Collaborate with relevant teams to ensure all discrepancies identified during reconciliations are addressed in a timely and effective manner.
• Prepare detailed management reports on the status of reconciliations, highlighting trends, anomalies, and actionable recommendations to improve financial accuracy and visibility.

Maintain Knowledge of Reconciliation Procedures:

• Develop a deep understanding of reconciliation procedures, associated risks, systems, and workflows to ensure all processes are executed efficiently.
• Act as the subject matter expert on reconciliation, providing guidance and insight to team members and stakeholders on resolving queries and optimizing processes.
• Continuously update your knowledge of evolving reconciliation technologies and practices to ensure the department remains at the forefront of efficiency and accuracy.

Perform Audits and Ensure Adherence to Procedures:

• Conduct regular audits of reconciliation processes as directed by the Senior Manager: Reconciliation to ensure compliance with established procedures and identify gaps that could compromise accuracy.
• Analyze findings from reconciliation audits to recommend and implement improvements to processes, systems, or controls.
• Actively monitor high-risk or high-value reconciliation items to mitigate financial exposure and ensure that long-outstanding exceptions are resolved promptly.
• Implement corrective measures for any deficiencies uncovered during audits and track their resolution to closure.

Monitor Account Activity for Anomalies:

• Proactively monitor all accounts to detect unusual activity or anomalies that could signal discrepancies or risks in the reconciliation process.
• Investigate any identified anomalies and escalate significant issues for immediate resolution, ensuring no impact on business operations.
• Collaborate with risk and compliance teams to assess the root cause of anomalies and implement preventative strategies to avoid future occurrences.

Manage Exceptions in Reconciliation:

• Take responsibility for tracking and resolving exceptions in the reconciliation process, ensuring that discrepancies are thoroughly analyzed and corrective actions are implemented.
• Establish clear communication channels with relevant teams, including operations, finance, and technology, to expedite the resolution of disputed items or mismatched transactions.
• Develop exception tracking reports to provide visibility into unresolved issues and follow up consistently to ensure exceptions are resolved within agreed timelines.

Resolve Escalated Queries Promptly:

• Act as the escalation point for complex or high-impact reconciliation issues, ensuring all queries are addressed swiftly and effectively.
• Liaise with stakeholders across departments to clarify concerns, mitigate risks, and guarantee adherence to financial policies.
• Communicate resolution outcomes to stakeholders and maintain accurate records of escalated issues and their resolutions for future reference.

Process Improvement and Optimization:

• Evaluate existing reconciliation processes for inefficiencies and recommend improvements to enhance the speed, accuracy, and reliability of financial reporting.
• Work with the technology team to automate repetitive reconciliation tasks and integrate innovative tools to improve process workflows.
• Implement best practices in reconciliation and educate team members on strategies to reduce errors and improve efficiency.

Reporting and Analytics:

• Utilize analytics tools like Power BI, Oracle BI to generate reports that provide insights into reconciliation performance, trends, and areas requiring attention.
• Present findings and actionable insights to management and senior leadership to guide strategic decisions related to financial operations.
• Maintain dashboards to visually track reconciliation progress, anomalies, and outstanding items for improved transparency and accountability.

Collaboration and Stakeholder Engagement:

• Build strong working relationships with cross-functional teams, including finance, operations, and technology, to ensure alignment and collaboration in reconciliation processes.
• Actively communicate reconciliation updates and findings to stakeholders to keep them informed and engaged in improving processes.
• Provide training and support to stakeholders on reconciliation procedures and systems to ensure consistency across all functions.

Risk Management:

• Identify risks associated with reconciliation processes and develop strategies to mitigate potential impacts on financial reporting and business operations.
• Ensure compliance with regulatory standards and company policies in all reconciliation tasks, reducing exposure to audit findings or penalties.
• Conduct regular reviews of controls in reconciliation processes to ensure risks are adequately addressed and managed.

Professional Development:

• Stay current with industry trends and advancements in reconciliation
• Pursue continuous professional development opportunities to enhance skills and knowledge.

QUALIFICATIONS & EXPERIENCE

• At least 5 years experience in accounting with 3-5 years’ experience managing
• reconciliation within a financial institution (preferably a fintech) and a thorough understanding of digital payment services, processes, and procedures.
• Knowledge of the foreign exchange market, processing cross-border payments, and management of multiple currencies within a digital ecosystem, as well as and understanding of the risks associated with managing transactions in multiple jurisdictions.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Knowledge of regulatory and compliance requirements in the financial industry.
• Proficiency in reconciliation software and tools.
• Experience in the financial services industry is highly desirable.
• Bachelor’s Degree in Finance/ Accounting or related field.

KEY ATTRIBUTES

• Analytical: Strong analytical skills to identify risks and assess the effectiveness of internal controls.
• Detail-Oriented: High attention to detail and accuracy in documentation and reporting.
• Communication: Excellent communication and interpersonal skills to convey control expectations and engage stakeholders.
• Problem-Solving: Strong problem-solving abilities to develop and implement effective risk mitigation strategies.
• Integrity: High ethical standards and commitment to maintaining the highest level of integrity in internal controls.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities.
• Collaborative: A team player who can work effectively with cross-functional teams and senior management.

Specialist: Compliance

ROLE PURPOSE:

• As a Specialist: Compliance at Cellulant, you are a critical member of the Compliance team within the Legal and Compliance division of the company. You will support the team and the company at large to ensure compliance with relevant laws, regulations including AML/CFT. The incumbent will also support the Compliance lead to implement and maintain a robust compliance program across the company.

CORE RESPONSIBILITIES:

• Stay updated on relevant laws, regulations, and internal compliance policies, and communicate any changes to relevant teams across Cellulant’s digital payments ecosystem.
• Conduct regular compliance monitoring to assess adherence to applicable regulatory frameworks governing digital financial services, mobile payments, and cross-border transactions.
• Collaborate with internal stakeholders to track and document instances of non-compliance, ensuring corrective actions are implemented promptly and effectively
• Support the team in coordinating regulatory audits and inspections, ensuring timely resolution and closure of observations or findings related to Cellulant’s platforms and operations.
• Conduct AML/CFT risk assessments across the business, evaluating risks associated with products, services, channels, and customer segments on Cellulant’s payment platforms.
• Assist in drafting and updating AML/CFT policies, procedures, and control frameworks to ensure alignment with Cellulant’s current and evolving digital product offerings.
• Ensure timely preparation and submission of AML/CFT-related regulatory reports and returns to authorities in all jurisdictions where Cellulant operates.
• Conduct thorough due diligence and enhanced due diligence reviews on customers, merchants, aggregators, and strategic partners operating within Cellulant’s network.
• Identify and manage customers or partners that fall outside Cellulant’s defined risk appetite, and initiate derisking processes where necessary.
• Perform ongoing transaction monitoring across Cellulant’s platforms to identify suspicious or unusual activities indicative of potential money laundering or terrorist financing.
• Report suspicious transactions or activities to the appropriate Financial Intelligence Units (FIUs) and regulatory bodies as required.
• Conduct real-time and batch transaction filtering and name screening using internal and third-party compliance tools integrated into Cellulant’s systems.
• Develop and implement a comprehensive AML/CFT training plan tailored for staff involved in various parts of the payment value chain.
• Collaborate with HR to ensure all employees receive regular training and updates on compliance obligations, AML/CFT responsibilities, and ethical business conduct.
• Design and distribute compliance awareness content, including newsletters and learning nuggets, to promote a strong compliance culture across departments.
• Oversee periodic, risk-based reviews of existing customers using data-driven approaches to assess ongoing suitability and compliance status.
• Investigate incidents reported to the compliance team, including those related to whistleblowing, breach of code of conduct, conflict of interest, or data protection concerns.
• Support the implementation of Cellulant’s anti-bribery and corruption program, ensuring all business interactions align with local and international standards.
• Recommend and implement process improvement initiatives, including leveraging automation, data analytics, and AI tools to enhance compliance efficiencies.
• Assist in the implementation and optimization of AML/CFT control tools and systems used across Cellulant’s products and services.
• Collaborate with Product and Technology teams to ensure AML/CFT and compliance tools are functioning optimally through regular testing, feedback, and issue escalation.
• Continuously monitor the return on investment in AML/CFT tools to ensure effective use of compliance resources and technology.
• Conduct compliance assessments for new product launches, service updates, or channel expansions to ensure risks are identified and mitigated early.
• Provide ongoing compliance advisory support to business units to embed regulatory awareness into product design, customer onboarding, and operations.
• Maintain and update Cellulant’s internal watchlists and blacklists, and communicate relevant changes to concerned teams for operational enforcement.
• Respond promptly and accurately to due diligence requests received from partner banks, regulators, or corporate customers.
• Execute any other tasks or special projects assigned by the compliance supervisor in support of organizational goals.
• Support the compliance lead in preparing detailed and timely management information reports for internal governance and regulatory reporting.

MUST HAVE EXPERIENCE:

• Knowledge of fundamental Banking products and services, including operational processes.
• Significant experience of Payment Services in major African Markets – including Kenya, Nigeria, Ghana, South Africa, etc.
• In Depth knowledge of AML/CFT regulations and requirements as it relates to Payment Services, Remittance and digital financial services.
• 2-6 years of experience in customer due diligence reviews and approvals including enhanced due diligence for high-risk customers such as Remittance companies, PEPs, companies with complex structure, virtual assets or VASPs, Forex companies, etc.
• 2-6 years experience in conducting investigation of incidents especially red flags for AML/CFT risks.
• Demonstrated experience in drafting policies and procedures.
• Ability to conduct research and interpret regulatory provisions.
• Ability to use work tools such as Google Sheets, Slides, Notes, Excel, PowerPoint.

EXPERIENCE THAT WILL COUNT IN YOUR FAVOUR:

• Experience working in a FinTech, or financial institution.
• Strong business acumen Excellent Communication Skills

NICE TO HAVE EXPERIENCE

• Excellent Interpersonal skills.
• Ability to handle tasks at a given time.
• Problem solving and ability to meet deadlines.

QUALIFICATION & SKILLS:

• A Bachelor’s degree in Finance, Accounting, Business Administration, Risk Management, or any other relevant field of study.
• Member of relevant professional bodies (such as ACCA, CIN, ACFE, ACAMS, ACA, etc).
• A master’s degree or Professional Certifications such as DCP, CAFCA, ICA, CAMS is an advantage.
• Leadership skills, Presentation skills, Interpersonal skills, and Analytical skills.

Method of Application

Use the link(s) below to apply on company website.

• Analyst: Reconciliation
• Senior Analyst: Reconciliations
• Specialist: Compliance