Accountant – Financial Reporting job at Jubilee Insurance
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Vacancy title:
Accountant – Financial Reporting

[ Type: FULL TIME , Industry: Insurance , Category: Accounting & Finance ]

Jobs at:

Jubilee Insurance

Deadline of this Job:
15 August 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Wednesday, August 10, 2022 , Base Salary: Not Disclosed

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Job Ref. No. JHIL040
Role Purpose
Responsible for timely and accurate financial reporting, meeting statutory and regulatory requirements and reconciliation of the general ledger accounts.

Main Responsibilities
Financial Reporting

• Assist in preparation of quarterly and annual financial statements
• Assist in timely and accurate preparation of monthly management accounts & key figures (MKF)
• Assist in preparation of timely and accurate presentations and board papers to Senior Management
• Preparation of schedules for both internal and external audits

Regulatory reporting and compliance

• Preparation of statutory returns to the Insurance Regulatory Authority - monthly, quarterly, and annual returns while ensuring their timely submission.
• Settlement of statutory taxes (VAT, WVAT, WHT for consultants and contractual services) and follow up on any tax issues.
• Compliance with statutory deadlines for KRA & IRA
• Risk champion - Maintenance of finance related trackers to ensure completion and closure of internal and external audit items, compliance with regulation and laws, abreast with IFRS

General ledger reviews and reconciliations
• Performing reconciliations between the finance systems and the business systems for accounts assigned.
• Calculation of UPRs and UCRs for medical business using IDEA tool/program
• Maintenance of a complete, accurate and comprehensive Property and Equipment register.
• Provide detailed monthly reconciliations for fixed assets, intercompany accounts, VAT, WHT, Withholding VAT, claims payable control and any other assigned accounts.
• Preparation and dispatch of Intercompany statements and regular follow up of intercompany debt for settlement.
• Ensure that cost allocations across business lines, departments and branches are accurate.
• Reconciliation of supplier statements and handling supplier queries in relation to withholding taxes.

Budgeting and Forecasts

• Assist in preparation of annual budgets and forecasts in liaison with the line of business heads.
• Contribute to financial forecasts, financial adjustments, written explanations for variances to forecasts, analyzing options to enable budget holders to make informed decisions on financial viability together with a financial risk analysis, ensuring any financial risks are identified and handled in a professional manner.

Key Competencies

• Computer literate with exposure to ERP and Medical software an advantage
• High levels of integrity and Accountability
• Organized, numerate and analytical
• Ability to prioritize work and work with minimal supervision.
• Communication
• Team Spirit


• Degree in Finance related field
• CPA or ACCA qualifications

Relevant Experience
• Minimum 3 years’ experience in financial & compliance reporting in the insurance industry or external auditing of insurance companies.

Work Hours: 8

Experience in Months: 36

Level of Education:
Bachelor Degree

Job application procedure

If you are qualified and seeking an exciting new challenge, please apply via  quoting the Job Reference Number and Position by 15th August 2022

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 15 August 2022
Duty Station: Nairobi
Posted: 10-08-2022
No of Jobs: 1
Start Publishing: 10-08-2022
Stop Publishing (Put date of 2030): 10-08-2065
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