Financial Accountant at CIC Insurance

Found in: beBee S KE - 2 weeks ago

Nairobi, Kenya CIC Insurance Full time

CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi

PURPOSE:
To provide the financial support on budgetary controls and cost leadership.
PRIMARY RESPONSIBILITIES:

Prepare consolidated budget reports, track monthly analytical variances and ratios.
Provide inputs, information and statistics for all stakeholders’ periodic operating expense, capex and intercompany
Preparation and analysis of monthly Holding company management accounts and quarterly board reports.
Preparation, reconciliation and sharing of monthly expense reports across the Group and Departmental expenses including budget variance analysis
Assist in the preparation of annual financial statements and returns for statutory audit.
Updating Revenue accounts with budgets and prior year numbers on a monthly basis
Ensure data, information and reports remains clear and are consistent across the Group entities (single source of truth)
Approve purchase requisitions in line with budgets and ensure that all accounting transactions are posted to the correct cost centers
Ensure proper expense TB mappings and update of expenses to the GL and subledgers and update of intercompany transactions and interest accruals
Ensure TB to GL reconciliations, including fixed asset register, tax recons
Plan, prepare and facilitate external and internal audits schedules and information as per Audit calendar
Liaison with all reporting entities (including Regions) to ensure timely and accurate reports as per set TAT’s and SLA’s.
Support in implementation of any financial reporting systems and tools.
Ensure all advances are recovered on a timely manner

Academic and Professional Requirements
Education

Minimum of Bachelors Degree in Business-related field from a reputable university
Professional Qualifications    CPA
Computer literate in MS Office and other office applications

Experience Required:

Relevant experience    2

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