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