Job Summary
Job Summary
Reporting to the Manager II, Reporting, the Associate II: Reporting is responsible for all postings into the General Ledger and supports the preparation of periodic and annual financial statements.
Responsible for monthly departmental and branch reporting, analysis of company expenses by expense class, branch and department.
Oversees fixed asset management, review and approval of agent incentives and loans, and contributes to the annual budgeting process.Roles and ResponsibilitiesDay-to-Day Operations and Transaction Processing
Roles and Responsibilities
Prepare and post journal entries into the General Ledger (GL) in accordance with company policies and procedures.
Process routine accounting entries generated by the policy administration system (ILMS) and the IFRS 17 calculation engine (Prophet).
Execute day-to-day General Ledger maintenance, ensuring correct dimension setup and allocations.
Assist the Reporting Manager with month-end and year-end financial close processes, ensuring adherence to reporting deadlines.
Support payment approvals by reviewing posted payments, verifying correct General Ledger account allocation and correcting errors.
Support processing of tax obligations, including VAT, corporate installment tax and other tax requirements.
Manage intercompany collections and ensure timely recovery of balances due from related parties.
Review and monitor staff and financial adviser loans and advances, ensuring prompt recovery in line with finance policies.Fixed Assets Accounting and Management
Manage the full lifecycle of fixed assets, including additions, disposals, transfers and monthly depreciation processing.
Maintain the Fixed Asset Register (FAR) and ensure accurate posting to the General Ledger.
Coordinate physical asset tagging across branches, facilities and head office departments.
Plan, conduct and reconcile periodic fixed asset verifications, investigating and resolving discrepancies.
Prepare fixed asset movement schedules for internal and external audits.Financial Reporting and Budgeting
Assist in the preparation of monthly management accounts and analysis of expenses by class, branch and department.
Compile budget planning data and support preparation of budget (adsbygoogle=window.adsbygoogle||[]).push({});inputs and variance analysis reports.
Support preparation and translation of subsidiary financial reports into local currency for management reporting purposes.Other Responsibilities
Other Responsibilities
Support internal and external audit processes.
Evaluate and appraise loan applications submitted through agency channels, ensuring compliance with internal credit policies and risk thresholds.
Review and verify agency incentives and payments to ensure accuracy and achievement of agreed performance targets.
Prepare annual financial statements for the ICEA LION Life Assurance Personal Retirement Scheme (PRS) in accordance with Retirement Benefits Authority (RBA) guidelines.Academic and Professional Qualifications and Knowledge
Academic and Professional Qualifications and Knowledge
Bachelor of Commerce (Accounting) degree.
CPA (K) or ACCA professional qualification.
At least five (5) years’ experience in a busy finance department, including at least two (2) years in a reporting role, preferably within the insurance or financial services sector.Core Competencies
Core Competencies
Ability to work under pressure and meet strict deadlines.
Strong teamwork and collaboration skills.
In-depth understanding of International Financial Reporting Standards (IFRS).
Experience with IFRS 17 is an added advantage.
Proficiency in financial systems, ERP platforms and data analytics tools.
Strong communication and stakeholder management skills.
Good customer relationship management skills for both internal and external stakeholders.
Strong analytical and problem-solving abilities.