About the Role
Reporting
to the Finance Manager, the Accountant will assist
to ensure accurate recording, reconciliation, and reporting of all
microinsurance financial transactions. The role supports regulatory compliance,
strong internal controls, and timely financial reporting. It safeguards
financial integrity through effective management of premiums, claims,
commissions, and partner accounts.
Key Responsibilities
Financial
Transaction Processing
- Reconcile and post all microinsurance transactions including
premiums, claims, commissions, and refunds in the ERP system.
- Ensure proper classification, coding, and documentation of all
transactions to the correct GL accounts and cost centres.
- Maintain accuracy and completeness of financial records.
Payments Approval
- Initiate, Review and approve claims, intermediary commissions, and
supplier payments within agreed SLAs.
- Ensure payments comply with internal controls, contractual terms,
and regulatory requirements.
Financial
Reporting & Reconciliations
- Assist in the preparation of monthly management accounts, financial
reports, and expense analysis.
- Perform general ledger reconciliations and resolve discrepancies.
- Conduct intercompany reconciliations, refunds processing, and obtain
sign-offs.
- Provide financial schedules and analysis to support decision-making.
- Creditors and debtors’ reconciliations.
- Review of quarterly reinsurance accounts.
Audit
Support
- Prepare audit schedules and supporting documentation for internal
and external audits.
- Respond to audit queries and implement audit recommendations.
Taxation
& Statutory Compliance
- Assist in providing schedules for payment of statutory taxes
including WHT, VAT, and levies.
- Assist in preparation and submission of statutory returns to
regulatory bodies (e.g., KRA, IRA).
- Ensure compliance with applicable financial regulations and
accounting standards.
Budget
& Forecast Support
- Assist in preparation of annual budgets and periodic financial
forecasts.
- Assist in tracking budget variances and provide analytical reports
to management
Who We’re Looking For
Essential
Knowledge/Skills and Experience Required:
- Bachelor’s Degree in Accounting, Finance, or related field.
- Currently pursuing CPA (K), ACCA, or an equivalent professional
accounting qualification (required)
- Minimum 1–3 years’ relevant accounting experience, preferably within
insurance.
- Experience handling reconciliations, statutory compliance, and
financial reporting.
- Familiarity with ERP systems and strong Excel skills
Key
Competencies:
- Strong analytical and reconciliation skills.
- High attention to detail and accuracy.
- Knowledge of insurance accounting and regulatory requirements.
- Strong understanding of tax and statutory compliance.
- Good communication and stakeholder management skills.
- Ability to work within tight deadlines and maintain internal
controls.
- Strategic mindset with the ability to understand and respond to
microinsurance business needs.
How to Apply
