Assistant Accountant – Payables
Posted:
Company Details
Name:CIC Insurance
Industry:
Banking
Website:
https://cic.co.ke/
Description:
CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi
Job Details
Job Type:
Full Time
Workplace Type:
On-site
Qualification:
Diploma
Job Experience:
Mandatory
Job Location:
Nairobi County, Kenya
Closing Date:
Undisclosed
Salary:
KES Unspecified / month
Other Pay:
Benefits
Job Category:
Accounting, Audit, Finance
Job Description
About the Role
Reporting to the Group Head of Financial Controls and Governance, the role holder will be responsible for day to day transactional processes as well as periodic (monthly, quarterly and annual) financial closing procedures within the Account Payable functionality.
Key Responsibilities
- Ensure payments are made to suppliers consistently, accurately and within credit terms. This requires verification of supplier’s invoices against
- contract terms and other agreements(if any) before processing into the supplier’s ledgers.
- Review suppliers’ transactions for completeness and accuracy. This includes ensuring that suppliers invoices and the requisite supporting documentation is properlyauthorizeded for payment processing.
- Prepare suppliers invoices allocation schedules and ensure that operating expenses are allocated to the right cost centers based on the agreed allocation criteria.
- Prepare payment vouchersand follow up for prompt authorization.
- Set up, monitor and perform supplier reconciliationsfor major suppliers on a monthly basis.
- Prepare and maintain accruals and prepayment schedules.
- Support the monthly accounting closing process to ensure accurate and timely financials. This entails ensuring that end month accruals and prepayment journals are prepared and approved.
- Respond promptly tosupplier queries on invoices and payments
- Maintain the vendor/supplier files and monitor the accounts to ensure payments are up to date.
- Prepare and process tax and statutory cheques/EFTstimely to avoid penalties.
- Prepare and disburse accounts payable cheques or upload payment transactions to the online banking platforms for approvals and subsequent release.
- Support internal and external audit processes. This will also include supporting compliance reviews and statutory reviews.
- Any other duty that may be allocated by the supervisor.
Who We’re Looking For
Essential Knowledge/Skills and Experience Required:
- Bachelor’s degree in a business-related field.
- 1 to 3 years relevant experience in a busy accounting office.
- Pursuing CPA certification with at least having passed the intermediate level.
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Contact Information
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