Operations Officer Reconciliations- Faulu at Old Mutual Kenya

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