Assistant Accountant at Cannon General Insurance (K) Ltd

PURPOSE OF THE ROLE

Reporting to the Financial Accountant – The Assistant Accountant will be responsible for timely and accurate preparation of payments and related reports.

PRIMARY Duties & Responsibilities

• Timely preparation of monthly management accounts
• Preparation, submission and ensuring compliance with statutory returns and regulations-Ensure timely monthly, quarterly, and annual returns to IRA and KRA and other bodies as may be required from time to time.
• Ensure completion of all General Ledger accounts reconciliations as per agreed timelines.
• Accuracy and completeness of monthly bank reconciliations.
• Prepare periodical journal reports while ensuring all monies received are receipted, all system payments are posted and updated, and all unpaid receipts are reversed.
• Prepare financial statements for audit and preparation of audit file.
• Preparation of tax schedules and payment of taxes- withholding VAT, withholding Tax Rent, withholding tax professional fees, withholding tax commissions, Premium tax, Training levy, PHCF.
• Update monthly receipting schedules - Mpesa file, Bank order files - All bank accounts.
• Check and authorize payment vouchers within the set limits.
• Maintain and reconcile petty cash.
• Timely correspondences with the banks especially on bank balance confirmation, opening bank accounts and updating bank mandates.
• Preparation and maintenance of Fixed assets register.
• Any other duty as may be assigned by the management from time to time.

Qualifications and Experience

• Bachelor’s degree in Finance and Accounting or related field.
• CPA II qualifications.
• At least 3 years’ experience in a similar role.
• Computer Literacy.
• Required skills and Competencies.
• Keen attention to details with a high level of accuracy.
• Good Analytical skills with high attention to details.
• Good self-planning and organizing skills.
• Self-driven, flexible, and agile with strong work ethic.
• Good planning and prioritizing abilities.
• Good understanding of Insurance operations in Kenya.