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  • Posted: Jun 2, 2023
    Deadline: Jun 16, 2023
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
    Read more about this company


    Operation Officer-Reconciliation (Faulu MFB)

    Job Description

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


    • 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.


    • 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.

    Method of Application

    Interested and qualified? Go to Old Mutual Kenya on to apply

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