Old Mutual Kenya is looking for an Accounts Payable Officer on a fixed-term contract to join the team in Nairobi. The successful candidate will manage accounts payable functions, process internal and supplier payments, handle statutory deductions, perform month-end closing activities, and ensure general ledger accuracy and compliance.
Key Tasks and Responsibilities
Process internal payments within SLA, e.g., claims, override commissions, agent awards, cash advances, premium movements, premium refunds, and agent refunds.
Process supplier payments within the 30-day credit period.
Ensure accurate processing of intercompany transactions.
Process monthly statutory payments, including taxes, SHIF, NSSF, PAYE, regulatory levies, and payroll deductions.
Conduct monthly reconciliation of control accounts and suppliers, resolving open items promptly.
Perform month-end closure activities, intercompany journals, expense analysis in liaison with the reporting team, and manage open journals.
Prepare and provide audit support schedules.
Ensure timely submission of projected cash out-flow to treasury for funding purposes.
Maintain integrity and accuracy of General Ledger accounts and post adjusting entries.
Reprocess returned/bounced payments within TAT.
Achieve culture engagement scores as per guidelines.
Escalate risk events within a 48-hour turnaround time.
Conduct monthly balance sheet attestations and validation of trial balance balances.
Prepare monthly payables dashboard reports.
Skills and Competencies
Strong financial and accounting knowledge, with solid understanding of key principles and standards.
Excellent analytical and problem-solving abilities.
High proficiency in both written and verbal communication.
Strong interpersonal skills and ability to work effectively in a team environment.
Adaptability to changes in procedures, technology, and organizational policies.
Ability to work under pressure while maintaining accuracy and attention to detail.
Strong organizational skills, with a focus on maintaining complete and audit-ready documentation.
Ability to build and maintain positive stakeholder relationships.
High level of professionalism, integrity, and commitment to confidentiality in handling financial information.
Knowledge & Experience
Strong knowledge of accounting systems, processes, and financial principles.
Proficiency in Microsoft Excel, Word, PowerPoint, Outlook, and Microsoft Dynamics.
Relevant experience in the financial services industry.
Qualifications
Bachelor’s degree in Finance, Accounting, or a related field.
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