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CIC Group   |   Kilifi, Kenya   |   Log in or register to see the closing date

Finance Assistant

  • Diploma, Associate's degree
  • Accounting, finance, banking, insurance
  • Basic level (worker)
  • Full Time
  • Permanent

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Job Summary

To receive, account for and ensure safe keeping of all payments both at the office and the bank.


• Account for all money received on behalf of the Company, arrange for daily banking and keep all money not banked in the safe at the close of business.

• Issue receipts immediately and accurately for all money collected during the day and allocate all the money receipted to specific policies or invoices immediately and before close of the business.
• Process Insurance premium finance cancellation notices and refunds to banks;
• Reconciling daily total receipt with the total daily sales before close of business
• Present banking slips, daily receipt control sheet and banking summary to the branch manager daily for cross checking and sign off.
• Maintain accurate and complete cash book and petty cash records on a daily basis and update all accounts records and registers.
• Prepare intermediaries’ commission payment requisitions and forward them to the Branch Manager for review and finance for approval.
• Reconcile intermediary accounts as instructed by Branch manager/Finance manager.
• Prepare ‘Certificate by Insurer’ and ‘Withholding Tax Certificates’ for branch intermediaries as instructed by the Finance manager.
• Reconcile debtor’s accounts.
• Keep and update registers of all received cheques from Head office.
• Keep and update registers of all received PD cheques and ensure prompt banking when they are due.
• Keep and update records of payment of utility bills.
• Facilitate prompt payment of invoices to our local service providers
• Handle customer complaints related to payment of premiums
• Provide input for the branch reports;
• Tagging and verification of assets
• Prepare member schedules premium and fund statements, utilization reports and replenishment letters to clients/ schemes;
• Safe Keeping and accountability of security documents: i.e. payment receipt vouchers and Receipts

General Information

Salary rangeNot specified
Additional informationNot specified
Contract type: Permanent
Job type: Full Time
Location: Kilifi
Area of work: Accounting, finance, banking, insurance
Seniority: Basic level (worker)

Job Requirements

Required education: Diploma, Associate's degree
Required relevant work experience: 12 months
Required skills: General ledger; Financial analysis; Financial reporting; Cheque transactions (payment); Accounting IT-systems (use of); Cash management (company)
Required languages: English (Spoken: fluent | Written: fluent)

CIC Group

Banking, microfinance, insuranceCompany size: 500-1000 people

CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries.We are the leading Micro and Co-operative insurance provider in Kenya with our subsidiaries involved in Fund, Reits and Asset Management, General, Health and Group & Individual Life, Pension and Annuities. The Group expanded regionally to set its footprint in Uganda, South Sudan and Malawi in 2015.