Background information about the job or company (e.g., role context, company overview)

Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks ...

Responsibilities or duties

Bank Reconciliation

• Obtain the bank statement for every active company bank account — including premium collection accounts, operational accounts, investment accounts, and petty cash accounts — and compare each entry against the corresponding entry in the general ledger.
• Prepare a formal bank reconciliation statement for each account on a timely basis, clearly showing: opening balance per bank, closing balance per bank, outstanding deposits, outstanding cheques/payments, unexplained differences, and closing balance per ledger.
• Investigate and resolve all reconciling differences within the agreed SLA. Differences that cannot be resolved within this period must be escalated to the supervisor.
• Ensure that no reconciling item remains unresolved for more than 30 days without documented justification.

Ledger Maintenance & Correction

• Post any adjusting journal entries required to bring the general ledger into agreement with the bank statement — for example, recording bank charges, reversing incorrect entries, or recognizing bank interest — after obtaining the necessary approval.
• Liaise with the Accounts Payable, Accounts Receivable, and Treasury teams to clarify any transactions that appear on the bank statement but cannot be immediately identified.
• Ensure all bank entries in the general ledger are coded to the correct general ledger account and accounting period.

Controls & Compliance

• Ensure the bank reconciliation process is carried out in strict accordance with the company's internal control framework and financial policies.
• Maintain complete, organized, and audit-ready reconciliation files for all accounts, covering the current year and the prior two years as a minimum.
• Support internal and external auditors by providing reconciliation statements, working papers, and explanations of reconciling items as required.

Qualifications or requirements (e.g., education, skills)

ACADEMIC QUALIFICATIONS

• Bachelor's degree in Finance, Accounting, or a related field.

JOB SKILLS AND REQUIREMENTS

• Accuracy & Analytical Thinking — able to identify discrepancies quickly and trace them to their source.
• Persistence — follows through on outstanding items until they are fully resolved.
• Integrity & Independence — operates as an objective control function, free from conflicts of interest.
• Time Management — delivers reconciliations on tight daily and monthly deadlines without compromise on quality.
• Communication — clearly communicates findings and outstanding issues to management in writing.

PROFESSIONAL QUALIFICATIONS

• CPA (Part II) or equivalent is an added advantage.

Experience needed

EXPERIENCE

• Minimum 2–3 years of experience in a bank reconciliation, finance, or accounting role, preferably within a regulated financial institution such as an insurance company, bank, or fund manager.
• Demonstrated experience reconciling multiple bank accounts simultaneously.
• Proficiency in accounting software and strong Microsoft Excel skills.
• Solid understanding of general ledger principles, journal entries, and month-end close processes.
• Familiarity with internal controls and audit requirements.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Never pay for any notarisation, certificate or assessment as part of any recruitment process. When in doubt, contact us

• Obtain the bank statement for every active company bank account — including premium collection accounts, operational accounts, investment accounts, and petty cash accounts — and compare each entry against the corresponding entry in the general ledger.
• Prepare a formal bank reconciliation statement for each account on a timely basis, clearly showing: opening balance per bank, closing balance per bank, outstanding deposits, outstanding cheques/payments, unexplained differences, and closing balance per ledger.
• Investigate and resolve all reconciling differences within the agreed SLA. Differences that cannot be resolved within this period must be escalated to the supervisor.
• Ensure that no reconciling item remains unresolved for more than 30 days without documented justification.
• Post any adjusting journal entries required to bring the general ledger into agreement with the bank statement — for example, recording bank charges, reversing incorrect entries, or recognizing bank interest — after obtaining the necessary approval.
• Liaise with the Accounts Payable, Accounts Receivable, and Treasury teams to clarify any transactions that appear on the bank statement but cannot be immediately identified.
• Ensure all bank entries in the general ledger are coded to the correct general ledger account and accounting period.
• Ensure the bank reconciliation process is carried out in strict accordance with the company's internal control framework and financial policies.
• Maintain complete, organized, and audit-ready reconciliation files for all accounts, covering the current year and the prior two years as a minimum.
• Support internal and external auditors by providing reconciliation statements, working papers, and explanations of reconciling items as required.

• Accuracy & Analytical Thinking — able to identify discrepancies quickly and trace them to their source.
• Persistence — follows through on outstanding items until they are fully resolved.
• Integrity & Independence — operates as an objective control function, free from conflicts of interest.
• Time Management — delivers reconciliations on tight daily and monthly deadlines without compromise on quality.
• Communication — clearly communicates findings and outstanding issues to management in writing.
• Proficiency in accounting software and strong Microsoft Excel skills.

• Bachelor's degree in Finance, Accounting, or a related field.
• CPA (Part II) or equivalent is an added advantage.
• Minimum 2–3 years of experience in a bank reconciliation, finance, or accounting role, preferably within a regulated financial institution such as an insurance company, bank, or fund manager.
• Demonstrated experience reconciling multiple bank accounts simultaneously.
• Solid understanding of general ledger principles, journal entries, and month-end close processes.
• Familiarity with internal controls and audit requirements.