Introduction
This role is responsible for reconciling bank, alternative delivery channels and control accounts, remitting insurance premium, deposit confirmations.
Minimum Requirements
Degree in Business related Studies and oCPA (K) /ACCA
Demonstrate management abilities
Job Specification
Reconciliations
Reconcile bank and ADC accounts on a daily basis
Post bank charges and Settlements for internal accounts on a weekly basis
Ensure all un-reconciled items are investigated and resolved
File monthly bank and agency reconciliation reports
Filling bank statements both soft and hard copy Confirmation & monitoring of deposits
Daily monitoring of large deposits in banks
Updating branches on un posted items
Bankers cheques monitoring and banks confirmations
Client insurance fund and Last expense remittances
Accurate computation of premiums and resolution of any variances
Client insurance fund remittances to insurers
Last expense remittances
Computations and advising on the Unutilized credit life premiums
AML Policy
Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable during reconciliations and confirmation of incoming funds
Reporting
Preparation of ageing reports
Preparation on other assets and liabilities schedules
Bancassurance reporting – preparation of Schedules of Credit Life, Client insurance fund and Last Expense products for submission to Old Mutual.
Other Roles & responsibilities
Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
preparation of Adhoc or special purpose management reports
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