About the Role
The job holder will be responsible for monthly
analysis of both trade payables and receivables, reconciliation of the general
ledger, bank reconciliation, cost management, periodic budget variance review
and financial statement audit preparation.
Key
Responsibilities:
- Verify, allocate, post and reconcile accounts
payables and receivables.
- Prepare and post journal entries which includes
expenditure allocation.
- Proper accounting and reporting of both revenue
and expenditure items
- Posting of commission and premium payment from
underwriters
- Track expenditure as per budget and analyse and
report any significant variance
- Account analysis and reconciliation on all
ledger accounts
- Support audits by internal auditors, external
auditors, and Regulators (IRA, CBK KRA). To follow up all issues raised in
audits and inspections reports and resolve them.
- Timely reconciliation of all accounts
receivables and payables
- Manage trade debtors and creditors ensure
compliance with agreed payment timelines.
- Adherence to quarterly closure procedures with
all underwriters on accounts payables and receivables.
- Proper controls around credit and adherence to
credit policy and guidelines
- Manage administrative functions as considered
necessary from time to time
- Compliance with IFRS17/IAS, Companies Act, and
Taxation Act, IRA guidelines and the Company’s policies and
procedures.
Qualifications
- University degree in either
Finance/Accounting/Economics or Business Admin.
- Professional Qualification (CPA(K) , ACCA, ACA
or equivalent )
- At least 5 years’ accounting experience in a
busy Insurance/Bancassurance environment.
- Sound knowledge of the Insurance industry and
regulatory guidelines.
- Working knowledge of any insurance underwriting
Business Suite with high proficiency in MS office suite
- Understanding and practical experience dealing
with taxation issues and KRA compliance requirements
- Conceptual and Analytical Skills: Flair with
figures, and strong analytical skills with the ability to interpret
financial information.
- Accuracy and attention to detail
- Excellent interpersonal and negotiation
skills
- Able to communicate effectively with various
stakeholders
- Good problem solving and presentation skills
How to
Apply
