Senior Financial Accountant at American International Group, Inc. (AIG)

• Reporting to the Chief Finance Officer, this role is responsible for the timely and accurate financial reporting, meeting statutory and regulatory requirements and reconciliation of the general ledger accounts.

Responsibilities
Control Environment & Framework

• Oversee the general ledger activities and maintain chart of accounts, ensuring accurate and consistent recording of financial transactions
• Preparing weekly and monthly cash flow statement reports and controlling expenditure through review of all opex and capex needs as well as overseeing account payable activities
• Carrying out tax reporting, preparing and submitting tax returns on a timely basis
• Review reasonability of UPRs and IBNRs computations and postings by ensuring compliance with actuarial guidelines and accounting standards
• Accurate accounting and implementation of reinsurance treaties through liaising with the underwriting and claims teams to ensure appropriate reinsurance bookings within the ledger and follow up on recoveries and settlement of ceded premium
• Performing reconciliations between finance systems and the core business systems
• Perform monthly and quarterly general ledger analysis and reconciliations on the various asset, liability, revenue and expense accounts
• Maintenance of a complete, accurate and comprehensive Property and Equipment register and ensure reconciled to the general ledger
• Participate in the month-end and year-end closing processes, ensuring adherence to tight deadlines and accuracy in financial reporting
• Co-ordinate the timely completion of the external audit of the financial records of the company
• Any other duty assigned by management

Audit & Compliance

• Ensure adherence to audit requirements and implementation of audit recommendations
• Ensure adherence to regulatory and compliance requirements

What we’re looking for:
Qualifications
Experience
Skills/Competencies

• Undergraduate degree in finance, accounting or related field
• Masters degree in a business related discipline is an added advantage
• Professional qualification : CPA (K) or ACCA
• Member of the Institute of Certified Public Accountants of Kenya (ICPAK)
• Relevant insurance industry experience
• Practical exposure to internal and external audits, budgeting, reporting and preparation of annual statutory financial statements
• Previous working experience in a Big 4 audit firm is an added advantage
• Strong understanding of technical accounting relating to the new IFRS 17
• Deep understanding of various types of reinsurance treaties and impact on the company’s performance and solvency
• Strong communication skills (both written & oral) and interpersonal skills to effectively work with different departments
• Strong analytical, planning and organization skills
• Proven ability to perform well under pressure and regularly meet strict deadlines a fast-paced environment
• Excellent spreadsheet skills (Excel)
  • Time Management: Ability to handle multiple priorities, organize work and meet deadlines
  • Attention to detail: Maintain accuracy of work
  • Communication: Effective communication skills at all levels of business
  • Strong team player