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  • Posted: Jul 30, 2022
    Deadline: Not specified
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  • Liberty Life Assurance Kenya is a life insurance provider that has been providing relevant products to Kenyans for over 50 years. Our purpose at Liberty is to make a difference in people’s lives by making financial freedom possible. We change realities and make freedom possible by providing innovative and relevant solutions that help our customers p...
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    Financial Accountant

    Job Summary

    The Financial Accountant is responsible for preparation of accounting records and reports to ensure the provision of timely and accurate financial information in accordance with prescribed financial policies, standards and accounting requirements. The Financial accountant will also be responsible for managing the company operating expenses to ensure that they are within set budgets and also maintain the fixed assets register.

    Key Responsibilities

    Core deliverables

    • Responsible for developing financial reports for internal and external stakeholders and analysis of business performance against the budget
    • Ensure that all company assets are properly recorded, updated and accounted for as per policy
    • Effectively report on expenses and highlight variances for management action
    • Streamline the core business systems to ensure proper mapping and interface with the financial system
    • Input in development of underlying processes, reports and systems to facilitate ongoing improvement in efficiency and quality of reconciliations processes
    • Manage information flows to and from other areas of finance and the business to resolve reconciliation queries
    • Manage internal and external audit exercises
    • Preparation of financial statement, budgets and other management reports.
    • Prepare and record journal entries and make necessary corrections to ensure the accuracy of the accounting system
    • Implement financial controls as required and monitor risks to financial controls
    • Generation of trial balance to ensure that the transactions are accurately recorded in the books of accounts
    • Assist in managing month end process including cut off
    • Assist in investment reporting including generating of monthly return on Assets (ROA) report
    • Assist in monthly reporting to management and Group
    • Prepare and ensure all statutory and regulatory reporting requirements are met in a timely manner
    • Timely submission of monthly reports
    • Accurate reporting
    • Compliance level with regulatory framework – IRA/KRA/IFRS
    • Safe custody of assets
    • Maintaining expenses within approved budget

    Qualifications

    • Bachelors’ degree in a business related field
    • Professional accounting qualification such as CPA K or ACCA

    Experience

    • At least 4 years’ experience in finance preferably within the financial service industry

    Competencies

    • Knowledge on Finance and Tax legislation
    • Knowledge on budgeting
    • In depth understanding of insurance operations and concepts
    • General knowledge of Ledger, Accounting
    • Knowledge of relevant legislation framework
    • Finance management and risk awareness
    • Accounting principles

    Closing: 4th August 2022

    Method of Application

    If you meet the above requirements, you are encouraged to forward your application and updated CV to [email protected] clearly state the job title on the subject heading

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