APA Life Assurance is hiring an Accountant – Receivables skilled in accounts receivable management, credit control, invoicing, debt collection, and financial reporting.
Key Primary
Responsibilities
Premium
receipting and allocation
- Receive and review all incoming premium payment notifications from
the banking system, mobile money platforms, cheque deposits on a daily
basis.
- Match each payment to the correct policyholder account and the
specific policy number it relates to, ensuring no premium is left
unallocated at the end of each working day.
- Follow up with operations and bank on any payments that cannot be
immediately identified — these are referred to as unidentified receipts.
- Assist in the preparation of premium income, Staff advances &
Loans, Annuity Loans & Fixed Assets schedules for monthly and annual
management accounts.
Investment
/other income receipting and allocation
- Receive and allocate non-premium receipts including staff salary
advance repayments, ensuring each deduction or repayment is matched to the
correct employee record and HR-approved advance schedule.
- Allocate investment income receipts — such as dividend payments,
bond coupon receipts, and rental income — to the correct investment
account in the general ledger upon receipt of confirmation from the
Investment or Treasury team.
- Process and allocate any other miscellaneous receipts (e.g. refunds
from suppliers, proceeds from asset disposals, or inter-company transfers)
in line with the Chart of Accounts.
- Maintain a clear and auditable allocation schedule for all
non-premium receipts, with supporting documentation for each entry.
Record
Keeping & Compliance
- Maintain organized, audit-ready records of all allocation entries,
including payment advices, bank notifications, and correspondence with
clients or brokers.
- Comply with the company’s internal controls, financial policies, and
any regulatory requirements relating to premium collection and allocation.
- Support internal and external auditors by providing allocation
schedules, supporting documents, and clarifications as required.
Academic Qualifications
- Bachelor’s degree in Finance, Accounting, Business Administration,
or a related field.
Skills & Requirements
- Accuracy & Attention to Detail — able to handle large volumes of
transactions with zero errors.
- Organization — able to manage and prioritize a high daily workload
and meet strict deadlines.
- Integrity — handles sensitive financial data with confidentiality
and honesty.
- Team Collaboration — works effectively with multiple departments to
resolve allocation queries.
- Proactiveness — identifies and escalates issues before they become
problem
Professional Qualifications
- A CPA (Part II) or equivalent qualification is an added advantage.
Experience
- Minimum 2 years of experience in an accounts receivable, finance, or
accounting role, preferably within an insurance company or financial
services institution.
- Hands-on experience using an accounting or insurance administration
system.
- Strong understanding of double-entry bookkeeping and the concept of
debtor management.
- High attention to detail and strong numerical accuracy.
- Good communication skills — ability to follow up with clients and
colleagues in a professional manner.
How to Apply
