Reconciliation Assistant Job in Kenya - CIC Insurance

PURPOSE:

Responsible for ensuring daily receipting, Reconciliations, Monthly reporting and posting journal.

PRIMARY RESPONSIBILITIES:

  • Monitor Daily Receipts, ensure cash ups are done and banking done on a daily basis
  • Check remittances (RTGS, EFT, IPFs, Mpesa) and facilitate receipting within 24 Hrs
  • Review all daily transaction entries to verify the correctness and completeness of the captured data and advise on required actions;
  • Reconciliation and signoff of intermediary accounts
  • Liaise with internal departments (finance, operations, IT, underwriting and business to resolve reconciliation issues within allowed TAT
  • Investigate and resolve discrepancies in financial data between internal systems and external parties (e.g. banks, brokers) in a timely manner
  • Maintain accurate records of reconciliation activities and adjustments.
  • Prepare and maintain reconciliation reports and summaries for management review.
  • Escalate unresolved issues and aged reconciling items appropriately.
  • Ensure timely follow-up and clearance of outstanding items in reconciliation
  • Tracing and pursuing long outstanding debtors and where possible issue demand letters and escalate for cancellation
  • Key Skills, Knowledge, Experience and Behavioural Competencies

Academic and Professional Requirement


  • Education Bachelor’s Degree Bachelor’s degree in a related field from a recognized university
  • Professional Qualification CPA, ACCA, CCP added advantage

Experience Required:

Description Required years of experience

  • Experience in general insurance or financial services industry is an added advantage 1 year

How to Apply

Click here to apply