Reporting to the Finance Manager, the Accountant will assist to ensure accurate recording, reconciliation, and reporting of all microinsurance financial transactions. The role supports regulatory compliance, strong internal controls, and timely financial reporting. It safeguards financial integrity through effective management of premiums, claims, commissions, and partner accounts.
Key Responsibilities
Financial Transaction Processing
Reconcile and post all microinsurance transactions including premiums, claims, commissions, and refunds in the ERP system.
Ensure proper classification, coding, and documentation of all transactions to the correct GL accounts and cost centres.
Maintain accuracy and completeness of financial records.
Payments Approval
Initiate, Review and approve claims, intermediary commissions, and supplier payments within agreed SLAs.
Ensure payments comply with internal controls, contractual terms, and regulatory requirements.
Financial Reporting & Reconciliations
Assist in the preparation of monthly management accounts, financial reports, and expense analysis.
Perform general ledger reconciliations and resolve discrepancies.
Conduct intercompany reconciliations, refunds processing, and obtain sign-offs.
Provide financial schedules and analysis to support decision-making.
Creditors and debtors’ reconciliations.
Review of quarterly reinsurance accounts.
Audit Support
Prepare audit schedules and supporting documentation for internal and external audits.
Respond to audit queries and implement audit recommendations.
Taxation & Statutory Compliance
Assist in providing schedules for payment of statutory taxes including WHT, VAT, and levies.
Assist in preparation and submission of statutory returns to regulatory bodies (e.g., KRA, IRA).
Ensure compliance with applicable financial regulations and accounting standards.
Budget & Forecast Support
Assist in preparation of annual budgets and periodic financial forecasts.
Assist in tracking budget variances and provide analytical reports to management.
Requirements
Essential Knowledge, Skills, and Experience:
Bachelor’s Degree in Accounting, Finance, or related field.
Currently pursuing CPA (K), ACCA, or an equivalent professional accounting qualification (required).
Minimum 1–3 years’ relevant accounting experience, preferably within insurance.
Experience handling reconciliations, statutory compliance, and financial reporting.
Familiarity with ERP systems and strong Excel skills.
Key Competencies:
Strong analytical and reconciliation skills.
High attention to detail and accuracy.
Knowledge of insurance accounting and regulatory requirements.
Strong understanding of tax and statutory compliance.
Good communication and stakeholder management skills.
Ability to work within tight deadlines and maintain internal controls.
Strategic mindset with the ability to understand and respond to microinsurance business needs.
How to Apply
Interested candidates are encouraged to send their applications and updated CVs to channelsrecruitment@cic.co.ke stating the Job Title (Accountant – Microinsurance) and Nairobi on the subject heading.
Note: While the original posting's application instructions mentioned 'Sacco Assurance Sales officers' as an example, applicants for this position should ensure they use the correct job title: Accountant – Microinsurance.
Interested candidates should send their applications and updated CVs to channelsrecruitment@cic.co.ke stating the Job Title (Accountant – Microinsurance) and Nairobi on the subject heading.
Note: Applicants should ignore the template error in the original posting that mentions 'Sacco Assurance Sales officers' and ensure the subject line correctly reflects the Accountant role.
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