Senior Accountant

PRIMARY RESPONSIBILITIES:
• Prepare monthly IFRS 17 reporting finance data and work with the actuarial team to validate and ensure accuracy.
• Prepare IFRS 17 compliant management and statutory financial reports.
• Prepare IFRS 17 compliance RBS returns.
• Review adequacy of operational and financial controls in the business (systems, processes and people) and recommend changes to the management;
• Review returns to the regulator and other statutory bodies on monthly, quarterly and yearly;
• Review the completeness of the asset register and confirm that it is in line with the company accounts;
• Confirm investment in company assets are within company investment policy statement as guided by the Insurance Act and advice the fund management monthly;
• Review management and financial reports for completeness and preparation of board papers on a monthly and quarterly basis respectively;
• Prepare and compile company budgets annually and analyse financial reports and report variance against budget on a monthly basis;
• Oversee Expenses management, containment and austerity measures to achieve cost savings of a minimum 10% and overall expense ratio of a maximum 40%.
• Approve payments and check that all accounting transactions are posted to the correct cost centres;
• Coordinate external and internal audits;
• Development, implementation and reviewing of credit management strategies in line with the overall corporate strategic objectives;
• Development and implementation of credit management policy;
• Convening credit control committee and implementation of the committee’s recommendation
• Setting cash target to ensure collection of outstanding premiums in line with policy provisions
• Present debtors report and bad debt provisions report to management.
• Manage cash flows, control costs and action on audit recommendations;
• Liaise with external stakeholders e.g. banks, URA, IRA towards enhancement of company operations.

GENERIC DUTIES
 Carry out performance appraisal, coaching and mentoring staff;
 Resource allocation, staffing and leave approval;
 Participate in planning and budgeting for the department;
 Participate in various meeting and committees and acting as spokesperson on behalf of the company.

PERSON SPECIFICATIONS
Academic Qualifications
• Bachelor’s degree in Finance, Accounting, Business or in a related field. A Master’s degree an added advantage

Professional Qualifications
• Professional qualifications such as CPA (U) is a MUST

Experience
• Minimum of Five (5) years’ relevant experience in a similar position, two (2) of which at supervisory level

Skills and Attributes
• Excellent communication and presentation skills
• Problem solving skills
• Excellent interpersonal skills
• Leadership skills
• Good analytical skills
• Computer literate in MS Office and other office applications
• Knowledge of Business Environment

APPLY VIA:  [email protected] or [email protected]