To support the business by executing on the financial accounting key roles that include timely preparation of various payments, preparation and filling of taxes and the applicable returns, review and provide value addition into intermediary reward proposals, ensure correct set up of tax and commission matrices in the system, ensure intermediary commission statements are circulated timeously, lease contract management and trial balance substantiation.
PRINCIPAL ACCOUNTABILITIES:
- Management of Intermediaries and Business
Development Stakeholders — Preparation of commission statements and
transfer schedule for payment, Preparation of marketers overrides for
payment, Reconciliation of unpaid commissions and override schedules, Maintenance
of Agents and unit managers loan schedules and medical deductions
- Regulatory — Preparation, filing and Maintenance
of IRA taxes in relation to Premium levy, PHCF, TL, Preparation, filing
and Maintenance of KRA taxes in relation to Withholding Taxes (Commissions
& Prof services), Excise Duty, VAT and Oversee payments of all
statutory taxes as per deadlines
- Management of branch lease contracts, processing
of medical payments — Lease renewals, Reconciliation of leases and rent
invoices/ escalations, Staff Inpatient, Outpatient, GPA, WIBA & Group
life premium, Rent, insurance
- Management of IFRS 16 schedules
- Staff Payments — Ensure all staff payments are
processed per agreed SLAs and maintain the various schedules for purposes
of enforcing recovery through payroll
- Ensure business expense requests are justified
and approved by budget holders
- Support maintenance of fixed assets registers
- Undertake ledger substantiation and control
account reconciliation for ledgers allocated in line with TB
substantiation requirements
- Intermediary statement reconciliation — ensure
intermediary statements
- are reviewed/reconciled and shared on email
monthly
- Support risk management objectives through
timely provision of data inputs needed to track Liquidity Risk and
Operational Risk
- Support audit engagements.
- Any other duty as may be assigned from time to
time.
Qualifications
Minimum
Academic
- BCOM Accounting/Finance/Actuarial
Science/Business Management.
Professional:
- CPA/ACCA qualification.
- Minimum of Two (2) years relevant experience.
Experience
& Knowledge:
- Clear understanding of accounting standards
Practical/technical experience in Finance & Accounting.
- Understanding of insurance industry.
How to Apply
