Vacancy title:
Payable Accountant

[Type: FULL_TIME, Industry: Insurance, Category: Finance, Insurance & Real Estate]

Jobs at:
PACIS Insurance Company

Deadline of this Job:
Sunday, October 5 2025

Duty Station:
Nairobi | Nairobi | Kenya

Summary
Date Posted: Thursday, October 2 2025, Base Salary: Not Disclosed

Similar Jobs in Kenya
Learn more about PACIS Insurance Company
PACIS Insurance Company jobs in Kenya

JOB DETAILS:

JOB PURPOSE:

To support the business by executing on the financial accounting key roles that include timely preparation of various payments, preparation and filling of taxes and the applicable returns, review and provide value addition into intermediary reward proposals, ensure correct set up of tax and commission matrices in the system, ensure intermediary commission statements are circulated timeously, lease contract management and trial balance substantiation.

PRINCIPAL ACCOUNTABILITIES:

• Management of Intermediaries and Business Development Stakeholders – Preparation of commission statements and transfer schedule for payment, Preparation of marketers overrides for payment, Reconciliation of unpaid commissions and override schedules, Maintenance of Agents and unit managers loan schedules and medical deductions
• Regulatory – Preparation, filing and Maintenance of IRA taxes in relation to Premium levy, PHCF, TL, Preparation, filing and Maintenance of KRA taxes in relation to Withholding Taxes (Commissions & Prof services), Excise Duty, VAT and Oversee payments of all statutory taxes as per deadlines
• Management of branch lease contracts, processing of medical payments – Leaserenewals, Reconciliation of leases and rent invoices/ escalations, Staff Inpatient, Outpatient, GPA, WIBA & Group life premium, Rent, insurance
• Management of IFRS 16 schedules
• Staff Payments – Ensure all staff payments are processed per agreed SLAs and maintain the various schedules for purposes of enforcing recovery through payroll
• Ensure business expense requests are justified and approved by budget holders
• Support maintenance of fixed assets registers
• Undertake ledger substantiation and control account reconciliation for ledgers allocated in line with TB substantiation requirements
• Intermediary statement reconciliation – ensure intermediary statements are reviewed/reconciled and shared on email monthly
• Support risk management objectives through timely provision of data inputs needed to track Liquidity Risk and Operational Risk
• Support audit engagements.
• Any other duty as may be assigned from time to time.

RELATIONSHIPS:

• Reporting to: Financial Accountant.
• Other Contacts:

i. Within the Company: All Other Departments, Intermediaries, and Branches.

ii. Outside the Company: Vendors, Regulators and Customers.

KNOWLEDGE AND EXPERIENCE (Qualifications)

1. Minimum Academic Qualifications:
   • BCOM Accounting/Finance/Actuarial Science/Business Management.
2. Professional Qualifications:
   • CPA/ACCA qualification.
   • Minimum of Two (2) years relevant experience.
3. Experience & Knowledge:
   • Clear understanding of accounting standards
   • Practical/technical experience in Finance & Accounting.
   • Understanding of insurance industry.

SKILLS AND COMPETENCIES.

• Customer service orientation
• Relationship building
• Team player
• Ability to collate data, information and make informative observations
• Professional confidence
• Accuracy
• Problem solving skills

Work Hours: 8

Experience in Months: 24

Level of Education: bachelor degree

Job application procedure

Are You Interested? Click Here To Apply

All Jobs | QUICK ALERT SUBSCRIPTION