Accountant – Financial Reporting at Jubilee Insurance

Job Ref. No. JHIL040

Role Purpose

Responsible for timely and accurate financial reporting, meeting statutory and regulatory requirements and reconciliation of the general ledger accounts.

Main Responsibilities

Financial Reporting

• Assist in preparation of quarterly and annual financial statements
• Assist in timely and accurate preparation of monthly management accounts & key figures (MKF)
• Assist in preparation of timely and accurate presentations and board papers to Senior Management
• Preparation of schedules for both internal and external audits

Regulatory reporting and compliance

• Preparation of statutory returns to the Insurance Regulatory Authority - monthly, quarterly, and annual returns while ensuring their timely submission.
• Settlement of statutory taxes (VAT, WVAT, WHT for consultants and contractual services) and follow up on any tax issues.
• Compliance with statutory deadlines for KRA & IRA
• Risk champion - Maintenance of finance related trackers to ensure completion and closure of internal and external audit items, compliance with regulation and laws, abreast with IFRS

General ledger reviews and reconciliations

• Performing reconciliations between the finance systems and the business systems for accounts assigned.
• Calculation of UPRs and UCRs for medical business using IDEA tool/program
• Maintenance of a complete, accurate and comprehensive Property and Equipment register.
• Provide detailed monthly reconciliations for fixed assets, intercompany accounts, VAT, WHT, Withholding VAT, claims payable control and any other assigned accounts.
• Preparation and dispatch of Intercompany statements and regular follow up of intercompany debt for settlement.
• Ensure that cost allocations across business lines, departments and branches are accurate.
• Reconciliation of supplier statements and handling supplier queries in relation to withholding taxes.

Budgeting and Forecasts

• Assist in preparation of annual budgets and forecasts in liaison with the line of business heads.
• Contribute to financial forecasts, financial adjustments, written explanations for variances to forecasts, analyzing options to enable budget holders to make informed decisions on financial viability together with a financial risk analysis, ensuring any financial risks are identified and handled in a professional manner.

Key Competencies

• Computer literate with exposure to ERP and Medical software an advantage
• High levels of integrity and Accountability
• Organized, numerate and analytical
• Ability to prioritize work and work with minimal supervision.
• Communication
• Team Spirit

Qualifications

• Degree in Finance related field
• CPA or ACCA qualifications

Relevant Experience

• Minimum 3 years’ experience in financial & compliance reporting in the insurance industry or external auditing of insurance companies.