Job Purpose:
The job holder will be responsible for financial controls i.e. for receipting, account payables bank, inter-company, and general ledger reconciliation and compliance.
Key Responsibilities:
Verifying and loading payment files received from various departments, advising for payment.
Processing payments.
Capturing manual invoices requested for payment by the operations team.
Running, verifying, and validating reimbursement reports to facilitate payment.
Ensuring timely processing and approval of payments.
Updating and circulating various payment reports to stakeholders.
Updating bank statements in the shared folders.
Perform manual and automated bank reconciliations.
Review online bank statements and perform daily auto reconciliation for the payment accounts.
Perform inter-company reconciliations with another business unit on a timely basis to facilitate closure of the ledger within the stipulated timelines and follow up for payments.
Posting of adjustment journals.
Posting of premiums and other end-month journals.
Capturing and reconciliation of monthly debits credit notes and related transactions.
Reconciliation of balance sheet, profit, and loss ledger accounts.
Posting adjustments identified during the reconciliation process.
Sharing reconciliations with the various stakeholders within the company for further action and/or decision-making.
Responding and resolving queries from both external and internal customers on a timely basis.
Ensure the company complies with its regulatory requirements (including IRA, UFAA, KRA and any other regulators).
Receipting and reconciling receipted funds to the customers’ policies.
Daily banking of receipted cheques.
Circulation of regular receipting and exception reports.
Assist in the preparation of required schedules and information for internal and external audits.
Preparation of daily, monthly, annual, and other ad hoc reports as required.
Support the assigned operations team in compliance with the reconciliation policy.
Review of bank and ledger reconciliations for the operations team.
Reconciliation of Fixed Assets in liaison with Fixed Assets Associate.
Delegated Authority: As per the approved Delegated Authority Matrix.
Knowledge, experience and qualifications required
Bachelor of Commerce (Accounting) or its equivalent.
At least 3-4 years experience in a similar position.
Fully qualified CPA (K) or ACCA.
Technical/ Functional competencies:
International Financial Reporting Standards (IFRS).
Financial Accounting.
Accounts Analysis and reconciliation.
Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts.
Report writing – ability to develop quality and comprehensive reports.
Knowledge of insurance company regulatory requirements.
Apply via :
britam.taleo.net
