Operation Officer-Reconciliation (Faulu MFB) at Old Mutual Kenya

Job Description

• This role is responsible for reconciling bank, alternative delivery channels and control accounts, remitting insurance premium, deposit confirmations.

Reconciliations

• Reconcile bank, alternate delivery channels (ADC) and other control accounts.
• Ensure that all settlements for transactions through various channels have been made, transfers to respective GLs and bank charges are posted.
• Ensure reconciling items are investigated and resolved.
• File monthly bank and agency reconciliation reports/statements.
• Confirmation & Monitoring of deposits
• Daily monitoring of deposits made via third party accounts.
• Updating branches on any unposted items.
• Bankers /Outward cheques monitoring and banks confirmations.
• Client Insurance Fund and Last Expense remittances
• Accurate reconciliation of premiums and resolution of any variances.
• Client insurance fund remittances to insurers.
• Last expense remittances.
• Computations and advising on any unutilized credit life premiums.
• Anti Money Laundering Policy
• Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO).
• Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable during reconciliations and confirmation of incoming funds.

Reporting

• Preparation of ageing reports.
• Preparation on other assets and liabilities schedules.
• Bancassurance reporting – preparation of schedules of Credit Life, Client insurance fund and Last Expense products.
• Other Roles & responsibilities
• Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
• Preparation of ad hoc or special purpose management reports.

Minimum Qualifications/Experience (Required for The Job)

• Degree in Business related Studies and/or CPA (K) /ACCA.
• Experience in working with spreadsheets.

Competencies Required

• Demonstrate management abilities.
• Analytical.
• Confident.
• Integrity.
• Diligent.
• Attention to detail.