Accounts Payable Officer

2 days ago

Nairobi, Nairobi Area, Kenya Old Mutual Full time

Lets Write Africa's Story Together

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The role is responsible for the accurate and timely settlement of all company commitments in accordance with operational policies and applicable accounting standards. The role holder ensures compliance by preventing irregular, fruitless, and wasteful expenditures, while maintaining efficient reconciliation processes, resolving discrepancies, and managing vendor relationships. This position holder supports the preparation of annual financial statements, monthly management accounts and audit activities by maintaining a clean, accurate accounts payable database and ledger. A strong focus on operational excellence, attention to detail, system proficiency, and continuous improvement is essential to meet stakeholder expectations and achieve zero operational losses.Key Tasks & Responsibilities
  • Process Internal payments within SLA e.g. claims, Override commissions, Agent awards, cash advances, premium movements, premium refunds & agents refunds.
  • Process supplier payments within the 30-day credit period.
  • Ensure accurate processing of intercompany transactions.
  • Processing statutory payments e.g. taxes, SHIF, NSSF, PAYE, Regulatory levies and payroll deductions monthly.
  • Monthly reconciliation of control accounts & suppliers and resolution of open items.
  • Month end closure activities, intercompany journals, expense analysis in liaison with reporting team and open journals management.
  • Prepare and provide audit support schedules.
  • Timely submission of projected cash out-flow to treasury for funding purposes.
  • Ensure integrity and accuracy of the General Ledger accounts and posting of adjusting entries.
  • Reprocessing returned/bounced payments within TAT.
  • Achieve Culture engagement scores as per guidelines.
  • 48 hours turnaround time for risk event escalations.
  • Monthly Balance sheet attestation and validation of TB balances
  • Preparation of payables Dashboard report monthly

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 & Experiences

  • Strong knowledge of accounting systems, processes, and financial principles.
  • Proficiency in Microsoft Excel, Word, PowerPoint, Outlook, and Microsoft Dynamics.
  • Experience in the financial services industry

Qualifications

  • Bachelor's degree in finance, Accounting, or a related field.
  • Certified Public Accountant (CPA) designation.
  • Relevant experience in the financial services industry.

Anti - Money Laundering Expectation

The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence

processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating

these concerns to the Risk and Compliance Office for further action.

Skills

Accounting, Action Planning, Analytical Thinking, Budget Management, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Financial Acumen, Financial Auditing, Managerial Accounting, Report Review, Solution Analysis

Competencies

Business InsightCommunicates EffectivelyDecision QualityEnsures AccountabilityFinancial AcumenManages ComplexityOptimizes Work ProcessesPlans and Aligns

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

18 December 2025 , 23:59

The Old Mutual Story

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