PURPOSE:

Responsible for ensuring daily receipting, Reconciliations, Monthly reporting and posting journal.

PRIMARY RESPONSIBILITIES:

Monitor Daily Receipts, ensure cash ups are done and banking done on a daily basis

Check remittances (RTGS, EFT, IPFs, Mpesa) and facilitate receipting within 24 Hrs

Review all daily transaction entries to verify the correctness and completeness of the captured data and advise on required actions;

Reconciliation and signoff of intermediary accounts

Liaise with internal departments (finance, operations, IT, underwriting and business to resolve reconciliation issues within allowed TAT

Investigate and resolve discrepancies in financial data between internal systems and external parties (e.g. banks, brokers) in a timely manner

Maintain accurate records of reconciliation activities and adjustments.

Prepare and maintain reconciliation reports and summaries for management review.

Escalate unresolved issues and aged reconciling items appropriately.

Ensure timely follow-up and clearance of outstanding items in reconciliation

Tracing and pursuing long outstanding debtors and where possible issue demand letters and escalate for cancellation

Key Skills, Knowledge, Experience and Behavioural Competencies

Academic and Professional Requirement

Education    Bachelor’s Degree    Bachelor’s degree in a related field from a recognized university

 Professional Qualification    CPA, ACCA, CCP added advantage

 Experience Required:

 Description    Required years of experience

Experience in general insurance or financial services industry is an added advantage    1 year