Introduction
The Job holder will be responsible for execution of the Financial Reporting mandate for the Life Assurance Entities in Kenya.Minimum Requirements
- Degree in Accounting/Finance or its equivalent
- CPA - K or ACCA
- At least 3 years relevant experience.
- Financial Analysis and reporting skills
- Financial Control
- Proper planning and time management
- Team effectiveness
Job Specification
- Ensuring revenue recognition is done timely and accurately i.e. loading the TE GL Files weekly & reconciling all premium receipts in the GL to the source (TE & Fund master). Liaise with the MIMO team to ensure timely receipting and monitor integration of the data.
- Update of ledger postings on a continuous basis for timely reporting including updating the Actuarial reserves, Reinsurance Premiums and Recoveries monthly in liaison with the Actuarial team to reflect the correct YTD position after the Valuation.
- Computation of investment income, update of the requisite ledgers and maintenance of the schedules for both UAP Life and OMLAC business.
- Liaise with the Procurement Team and payables team to ensure that budgets are adhered to and the expenses are posted to the correct accounts by reviewing all requisitions raised.
- Preparation of management accounts and analysis with commentaries for management reviews including consolidation collectors and presentation slides including (NCCF, GWP, Debtor days and expenses).
- Preparation of monthly, quarterly and annual financial reports for management and external reporting including the sales report within the specified timelines.
- Upload of data into the group Consolidation system (HFM) within the required timelines.
- Preparation of monthly, quarterly and annual regulatory returns for the company for review and submission of the same in required regulatory portal.
- Preparation and collection of Licence application documents , securing sign-off and upload of the same into the IRA portal.
- Facilitation of internal and statutory external audit processes by providing all supporting schedules and information to the Trial Balance and financials.
- Any other duties as assigned by Management.