About the Role
The Reconciliation Assistant is responsible for ensuring daily receipting, performing reconciliations, conducting monthly reporting, and posting journals.
Key Responsibilities
- Monitor Daily Receipts, ensuring cash ups are done and banking is performed on a daily basis.
- Check remittances (RTGS, EFT, IPFs, Mpesa) and facilitate receipting within 24 hours.
- 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 (Turnaround Time).
- 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.
Qualifications and Experience
We are seeking candidates who meet the following criteria:
- Bachelors degree in a related field from a recognized university.
- A minimum of 1 year of relevant experience. Experience from the general insurance or financial services industry is an added advantage.
- Progress in professional certifications like CPA, ACCA, or CCP is an added advantage.
Key Competencies
- Strong analytical and reconciliation skills.
- High attention to detail and data accuracy.
- Proficiency in Microsoft Excel (including VLOOKUP, Pivot Tables, etc.).
