Full time Offered Salary :

Assistant Accountant at Britam, Nairobi

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Job Description

Job Purpose:

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 reimbursements reports to facilitate payment.
  • Ensuring timely processing and approval of payments.
  • Updating and circulating various payment reports to stakeholders.
  • Updating bank statement in the shared folders.
  • Perform manual and automated bank reconciliations.
  • Review online bank statements and perform daily auto reconciliation for the payments accounts.
  • Perform inter-company reconciliations with other business unit on 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 and 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 preparation of required schedules and information for internal and external audits.
  • Preparation of daily, monthly, annual and other adhoc 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 one year’s experience in a similar position.
  • CPA Part 1 and continuing. Fully qualified CPA (K) or ACCA is an added advantage.

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.

Leadership category responsibility framework (Core Competencies):

Emerging Leaders in Britam need to:

  • Plan, direct and apply efficiencies and resources in order to optimize output and profitability against time, cost and team targets.
  • Effectively communicate strategic and operational departmental goals and objectives to peers and others in order to ensure proper implementation.
  • Ensure that department priorities are adhered to and effectively communicated.
  • Ensure competent and effective people resources through appropriate coaching, development and people supervision as appropriate.
  • Embody a high performance, proactive culture.
  • Effectively ensure the adherence to key performance areas, deadlines and goals in order to optimize operational effectiveness.
  • Effectively communicate resource needs, possible opportunities and achievements to management in order to aid them in their decision-making.
  • Effectively set and monitor priorities and objectives for more junior staff.
  • Understand and communicate objectives in relation to the larger organizational impact.
  • Effectively disseminate knowledge within the correct context, towards subordinates as well as management.
  • Appropriately model the company values while setting the pace and energy for delivering.
  • Effectively manage and communicate change within the department in order to increase staff and process effectiveness.
  • Provide access to accurate and consistent information and services across all channels.
  • Ensure a seamless experience for clients.
  • Improve service delivery for clients.
  • Engage in continuous brand building to become the trusted partners to clients.
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