Vacancies at American International Group, Inc. (AIG)

• Reporting to the Credit Control Manager, this role maintains accounts and secures payments on an assigned group of delinquent accounts for selected high-volume producers and complex accounts by means of telephone, correspondence, or personal contact. Maintains complete and accurate financial records. Prepares standard financial statements and reports. Develops basic reports and maintains ledgers.

Responsibilities
Credit Control Operations

• Daily review of receipts and payments postings to debtor’s ledger, ensuring they balance with the cash book
• Daily identification of un-allocated cash (receipts) and payments in the debtor’s leger
• Review of monthly leger and statements – prepare exceptional report and identify write offs, and overdue premiums
• Meet weekly collection targets and refer problem accounts to the department managers
• Refer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committee
• Ensure the monthly Withholding Tax and annual returns are prepared
• Convene the war room and follow up action plans, distribute and explain data to the Underwriting department managers
• Recommend to the credit committee which producers should have their credit facility withdrawn
• Liaise daily with underwriters on queries raised by the producers
• Monthly review of bad debts and provisions
• Ensure debtors leger is properly aged and is in agreement with the GL
• Check and review broker’s commissions monthly, ensure that the paid commissions are allocated
• Ensure that only licensed brokers are paid commissions

Audit & Compliance

• Ensure adherence to Credit Control Policy and Procedures
• Ensure adherence to Adherence to L2SOS, Accounts Receivables SLA
• Ensure adherence to Cancellation / Dunning procedures
• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements

Qualifications
Experience

• Undergraduate degree in finance or related field
• Professional qualification : CPA (K) or ACCA or Diploma in Credit Control
• COP or Diploma in insurance will be an added advantage

Skills/Competencies

• Relevant insurance industry experience
• Practical exposure to credit control accounting and preparation of producer statements
• Good 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

go to method of application »

• Reporting to the Chief Finance Officer, this will will take charge of the budgeting process and monitoring of performance against budgets, IRA reporting compliance and preparation of timely and accurate management accounts. The position will work closely with other departments to facilitate participative approaches to financial reporting, forecasting and budgeting.

Responsibilities
Control Environment & Framework

• Manage the monthly financial close process and preparation of monthly management accounts as per the reporting timetable
• Preparation of annual audited financial statements and disclosure notes
• IFRS 17 continued implementation and operationalization
• Provide support in addressing audit queries relating to financial reporting
• Preparation of statutory returns to the Insurance Regulatory Authority (monthly, quarterly, and annual returns) while ensuring their timely submission and other compliance matters as required by IRA
• Support the CFO in budgeting, enforcement of budgetary controls and tracking performance against budget
• Contribute to financial forecasts, financial adjustments, written explanations for variances to forecasts and analysing options to enable budget holders make informed decisions on financial viability in order to implement remedial measures for changing course back to plan
• Ensure that cost allocations across business lines, departments and branches are accurate
• Preparation of Board packs and other ad hoc reports
• Pack reporting to Group Finance within deadlines for consolidation reporting
• Participate in the month-end and year-end closing processes, ensuring adherence to tight deadlines and accuracy in financial reporting
• 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

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

go to method of application »

• Reporting to the Credit Control Manager, this role maintains accounts and secures payments on an assigned group of delinquent accounts for selected high-volume producers and complex accounts by means of telephone, correspondence, or personal contact. Maintains complete and accurate financial records. Prepares standard financial statements and reports. Develops basic reports and maintains ledgers

Responsibilities
Credit Control Operations

• Daily review of receipts and payments postings to debtor’s ledger, ensuring they balance with the cash book
• Daily identification of un-allocated cash (receipts) and payments in the debtor’s leger
• Review of monthly leger and statements – prepare exceptional report and identify write offs, and overdue premiums
• Meet weekly collection targets and refer problem accounts to the department managers
• Refer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committee
• Ensure the monthly Withholding Tax and annual returns are prepared
• Convene the war room and follow up action plans, distribute and explain data to the Underwriting department managers
• Recommend to the credit committee which producers should have their credit facility withdrawn
• Liaise daily with underwriters on queries raised by the producers
• Monthly review of bad debts and provisions
• Ensure debtors leger is properly aged and is in agreement with the GL
• Check and review agents’ commissions monthly, ensure that the paid commissions are allocated and ensure that only licensed agents are paid commissions

Audit & Compliance

• Ensure adherence to Credit Control Policy and Procedures
• Ensure adherence to Adherence to L2SOS, Accounts Receivables SLA
• Ensure adherence to Cancellation / Dunning procedures
• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements

What we’re looking for:
Qualifications

• Undergraduate degree in finance or related field
• Professional qualification : CPA (K) or ACCA or Diploma in Credit Control
• COP or Diploma in insurance will be an added advantage

go to method of application »

• 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

go to method of application »

• Reporting to the Credit Control Manager, this role maintains accounts and secures payments on an assigned group of delinquent accounts for selected high-volume producers and complex accounts by means of telephone, correspondence, or personal contact. Maintains complete and accurate financial records. Prepares standard financial statements and reports. Develops basic reports and maintains ledgers.

Responsibilities
Credit Control Operations

• Daily review of receipts and payments postings to debtor’s ledger, ensuring they balance with the cash book
• Daily identification of un-allocated cash (receipts) and payments in the debtor’s leger
• Review of monthly leger and statements – prepare exceptional report and identify write offs, and overdue premiums
• Meet weekly collection targets and refer problem accounts to the department managers
• Refer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committee
• Ensure the monthly Withholding Tax and annual returns are prepared
• Convene the war room and follow up action plans, distribute and explain data to the Underwriting department managers
• Recommend to the credit committee which producers should have their credit facility withdrawn
• Liaise daily with underwriters on queries raised by the producers
• Monthly review of bad debts and provisions
• Ensure debtors leger is properly aged and is in agreement with the GL
• Check and review agents’ commissions monthly, ensure that the paid commissions are allocated and ensure that only licensed agents are paid commissions

Audit & Compliance

• Ensure adherence to Credit Control Policy and Procedures
• Ensure adherence to Adherence to L2SOS, Accounts Receivables SLA
• Ensure adherence to Cancellation / Dunning procedures
• Ensure adherence to audit requirements
• Ensure adherence to regulatory and compliance requirements

Qualifications
Experience

• Undergraduate degree in finance or related field
• Professional qualification : CPA (K) or ACCA or Diploma in Credit Control
• COP or Diploma in insurance will be an added advantage

Skills/Competencies

• Relevant insurance industry experience
• Practical exposure to credit control accounting and preparation of producer statements
• Good 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