Bancassurance Accountant at KCB Bank Kenya

Reporting to the Finance and Administration Manager, the job holder will be responsible for monthly analysis of both trade payables and receivables, reconciliation of the general ledger, bank reconciliation, cost management, periodic budget variance review and financial statement audit preparation.

Bancassurance Accountant Job Key Responsibilities

• Verify, allocate, post and reconcile accounts payables and receivables.
• Prepare and post journal entries which includes expenditure allocation.
• Ensure proper accounting and reporting of both revenue and expenditure items
• Track expenditure as per budget and analyze 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.
• Ensure timely reconciliation of all accounts receivables and payables
• Manage trade debtors and creditors ensure compliance with agreed payment timelines.
• Ensure adherence to quarterly closure procedures with all underwriters on accounts payables and receivables.
• Ensure proper controls around credit and adherence to credit policy and guidelines
• Manage administrative functions as considered necessary from time to time
• Ensure compliance with IFRS/IAS, Companies Act, and Taxation Act, IRA guidelines and the Company’s policies and procedures.

Qualifications for the Bancassurance Accountant Job

• University degree in Business with specialization in Finance and/or Accounting
• Professional Qualification (CPA, ACCA, ACA or equivalent)
• At least 3 years’ accounting experience in a busy Insurance/Bancassurance environment.
• Sound knowledge of the Insurance industry and regulatory guidelines.
• Working knowledge of TurnQuest 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, high quality interpersonal, presentation, problem solving, negotiation skills with the ability to positively and clearly communicate with a variety of constituents.

The above positions are demanding roles for which the Bank will provide a competitive package for the successful candidate.