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  • Posted: Feb 4, 2025
    Deadline: Feb 12, 2025
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    CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi
    Read more about this company

     

    Payable Assistant

    PURPOSE:

    Responsible for processing payment requisitions, Reconciliations, monthly reporting and posting journals.

    PRIMARY RESPONSIBILITIES:

    • Processing payment requisitions for CIC Group and subsidiaries upon receipt and confirmation they meet all requirements and approvals as per Company’s guidelines.
    • Ensure that payment transactions are well captured and relevant deductions correctly done.
    • Reconciliation of all sundry creditor ledgers and vendor statements across CIC group and subsidiaries.
    • Preparation of monthly group expense report for review and allocating expenses as per company’s sharing matrix.
    • Correct and timely posting of journals and preparation of expense ledger reconciliations reports
    • Make sure queries received from both internal and external customers are responded to within a day of receipt.
    • To follow up (consult) on incomplete flows of payments for approval within a day.
    • Maintain an accurate cheque and eft register and records with 100% accuracy.
    • Processing of branch petty cash within 48 hours after approval.
    • To maintain and have a signed off weekly recalled funds report.

    Generic Duties:

    • Strict adherence to all regulations, statutes, standards, practices and all internal processes and procedures as per relevant manuals and comply with all relevant external legislation and regulations with regards to compliance requirements.
    • Ensure that as a staff you actively contribute to the department/division attaining a ‘good’ rating in both internal and external audit by performing your role to the required standards and adhering to all internal processes and procedure as per relevant manuals, policies, and regulations of the company.
    • Ensure that all risk management requirements within your remit are addressed and where necessary escalate through the available defined channels.

    Key Skills, Knowledge, Experience and Behavioural Competencies
    Academic and Professional Requirements

    • Education    Bachelor’s Degree    Bachelor’s degree in a related field from a recognized university
    • Professional Qualification    CPA, ACCA

    Experience Required:

    • Two years Relevant experience 

    Method of Application

    Interested and qualified? Go to CIC Insurance on careers.cicinsurancegroup.com to apply

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