Bancassurance Accountant

Qualifications and Technical Competencies

• 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
  

• 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.