Payables Accountant

• Department: Finance
• Location: Nairobi, Kenya
• Reporting to: Financial Accountant
• Application Deadline: 5th October 2025

Job Purpose

To support the business by executing key financial accounting functions including timely preparation of various payments, preparation and filing of taxes and applicable returns, review and value-add to intermediary reward proposals, ensure correct setup of tax and commission matrices in the system, ensure intermediary commission statements are circulated timeously, lease contract management and trial balance substantiation.

Principal Accountabilities

• Management of Intermediaries & Business Development Stakeholders
  • Prepare commission statements and transfer schedules for payment.
  • Prepare marketers’ overrides for payment and reconcile unpaid commissions and override schedules.
  • Maintain agents’ and unit managers’ loan schedules and medical deduction schedules.
• Regulatory Compliance
  • Prepare, file and maintain IRA taxes related to Premium Levy, PHCF and TL.
  • Prepare, file and maintain KRA taxes related to Withholding Taxes (Commissions & Professional Services), Excise Duty and VAT.
  • Oversee payments of all statutory taxes to meet deadlines.
• Lease & Contract Management
  • Manage branch lease contracts including renewals, reconciliations and rent escalation queries.
• Employee & Benefits Payments
  • Process staff inpatient, outpatient, GPA, WIBA & group life premium payments and ensure staff payments are processed per agreed SLAs.
  • Maintain schedules to enforce recovery through payroll where applicable.
• IFRS 16 & Fixed Assets
  • Maintain and manage IFRS 16 schedules.
  • Support maintenance of fixed asset registers.
• Ledger & Trial Balance Substantiation
  • Undertake ledger substantiation and control account reconciliations for ledgers allocated in line with TB substantiation requirements.
• Intermediary Reconciliation & Reporting
  • Ensure intermediary statements are reviewed, reconciled and shared monthly.
• Risk & Audit Support
  • Provide timely data inputs to support liquidity and operational risk tracking.
  • Support internal and external audit engagements.
• Other duties as may be assigned from time to time.

Relationships

• Reporting to: Financial Accountant
• Internal contacts: All departments, Intermediaries, Branches
• External contacts: Vendors, Regulators, Customers

Qualifications & Experience

• Minimum Academic Qualifications:
  • BCom in Accounting, Finance, Actuarial Science or Business Management.
• Professional Qualifications:
  • CPA or ACCA qualification.
• Experience:
  • Minimum of two (2) years’ relevant experience in finance/accounting.
  • Practical technical experience in Finance & Accounting and a clear understanding of accounting standards.
  • Familiarity with the insurance industry is desirable.

Skills & Competencies

• Customer service orientation
• Relationship-building skills
• Team player
• Ability to collate data and produce informative observations
• Professional confidence and accuracy
• Problem solving skills

Application closing date: 5th October 2025

Only shortlisted candidates will be contacted.