Job Ref. No: JLIL154
Position: Senior Accountant –
Financial Reporting
Jubilee Insurance was
established in August 1937, as the first locally incorporated Insurance Company
based in Mombasa. Jubilee Insurance has spread its sphere of influence
throughout the region to become the largest Composite insurer in East Africa,
handling Life, Pensions, General and Medical Insurance. Today, Jubilee is the
number one insurer in East Africa with over 450,000 clients. Jubilee Insurance
has a network of offices in Kenya, Uganda, Tanzania, Burundi, and Mauritius. It
is the only ISO certified insurance group listed on the three East Africa stock
exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam
Stock Exchange
and Uganda Securities Exchange. Its regional offices are highly rated on
leadership, quality and risk management and have been awarded an AA- in Kenya
and Uganda, and an A+ in Tanzania.
We currently
have an exciting career opportunity for a Senior Accountant – Financial Reporting
within Jubilee Life Insurance Limited. The position holder will report to the
Assistant Manager – Finance and will be based at our Head Office in Nairobi.
Role Purpose
The role holder plays a
crucial role in ensuring the accuracy, integrity, and compliance of financial
information and reporting within the organization. This role holder is
responsible for the preparation and analysis of financial statements,
regulatory filings, and other financial reports. The role holder will also be
responsible for research, analysis and provision of relevant information and
recommendations on key financial drivers.
Main Responsibilities
- Prepare timely and accurate financial statements, including
income statements, balance sheets, and cash flow statements, in accordance
with relevant accounting principles (IFRS).
- Analyze and interpret financial data to identify trends,
significant variances, and potential areas for improvement.
- Ensure compliance with regulatory reporting requirements and
assist in the preparation of statutory filings and disclosures.
- Oversee the general ledger activities and maintain chart of
accounts, ensuring accurate and consistent recording of financial transactions.
- Review and reconcile complex accounts, ensuring accuracy and
resolving discrepancies.
- Participate in the month-end and year-end closing processes,
ensuring adherence to tight deadlines and accuracy in financial reporting.
- Collaborate with internal teams to gather and validate
financial data and entries for month-end close.
- Monitor and maintain internal control procedures to safeguard
company assets and ensure compliance with accounting standards and
policies.
- Participate in audits and assist in the implementation of
audit recommendations.
- Conduct financial analysis to support budgeting, forecasting,
and strategic decision-making.
- Prepare financial reports and presentations for senior
management and other stakeholders.
- Classified as Confidential Recipient Only
- Continuously identify opportunities for process improvement
in financial reporting, streamlining workflows, and enhancing efficiency.
- Liaise with the underwriting team to ensure accurate
reinsurance bookings within the ledger and follow up on recoveries and
settlement of ceded premium.
- Liaise with external auditors, regulators, and tax
authorities to provide necessary financial information and address
inquiries.
- Oversee the calculation and reporting of policy reserves,
ensuring compliance with actuarial guidelines and accounting standards.
- Collaborate with the tax department to ensure accurate and
timely tax reporting for life insurance products.
- Preparation of Quarterly Group reports.
- Preparation, under team lead guidance, quality and timely
board papers
Key Competencies
- Good knowledge and understanding of the life insurance
industry is essential.
- Good understanding of life insurance products, actuarial
principles, underwriting processes, risk management, and regulatory
compliance specific to life insurance.
- Technical knowledge in long term insurance reporting
- Good interpersonal, negotiation and conflict management skills
- Good communication and stakeholder management skills.
- Good risk management and assessment skills
Qualifications
- Bachelor’s degree in Finance
- CPA/ACCA Qualification
Relevant Experience
Minimum of 5 years’ work
experience long-term accounting experience in an insurance company with
experience in reporting, analysis and presentation.
How To Apply
If you are qualified and
seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting
the Job Reference Num
