Reporting Accountant at Old Mutual Kenya

Introduction

The Job holder will be responsible for execution of the Financial Reporting mandate for the Life Assurance Entities in Kenya.

Minimum Requirements

• Degree in Accounting/Finance or its equivalent
• CPA  - K or ACCA
• At least 3 years relevant experience.
• Financial Analysis and reporting skills
• Financial Control
• Proper planning and time management
• Team effectiveness

Job Specification

• Ensuring revenue recognition is done timely and accurately i.e. loading the TE GL Files weekly & reconciling all premium receipts in the GL to the source (TE & Fund master). Liaise with the MIMO team to ensure timely receipting and monitor integration of the data.
• Update of ledger postings on a continuous basis for timely reporting including updating the Actuarial reserves, Reinsurance Premiums and Recoveries monthly in liaison with the Actuarial team to reflect the correct YTD position after the Valuation.
• Computation of investment income, update of the requisite ledgers and maintenance of the schedules for both UAP Life and OMLAC business.
• Liaise with the Procurement Team and payables team to ensure that budgets are adhered to and the expenses are posted to the correct accounts by reviewing all requisitions raised.
• Preparation of management accounts and analysis with commentaries for management reviews including consolidation collectors and presentation slides including (NCCF, GWP, Debtor days and expenses).
• Preparation of monthly, quarterly and annual financial reports for management and external reporting including the sales report within the specified timelines.
• Upload of data into the group Consolidation system (HFM) within the required timelines.
• Preparation of monthly, quarterly and annual regulatory returns for the company for review and submission of the same in required regulatory portal.
• Preparation and collection  of Licence application documents , securing sign-off and upload of the same into the IRA portal.
• Facilitation of internal and statutory external audit processes by providing all supporting schedules and information to the Trial Balance and financials.
• Any other duties as assigned by Management.