Assistant Accountant at Britam

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.

Closing: 26, April, 2023