CIC Insurance

PURPOSE:

Responsible for ensuring daily receipting, Reconciliations, Monthly reporting and posting journal.

PRIMARY RESPONSIBILITIES:

Monitor Daily Receipts, ensure cash ups are done and banking done on a daily basis
Check remittances (RTGS, EFT, IPFs, Mpesa) and facilitate receipting within 24 Hrs
Review all daily transaction entries to verify the correctness and completeness of the captured data and advise on required actions;
Reconciliation and signoff of intermediary accounts
Liaise with internal departments (finance, operations, IT, underwriting and business to resolve reconciliation issues within allowed TAT
Investigate and resolve discrepancies in financial data between internal systems and external parties (e.g. banks, brokers) in a timely manner
Maintain accurate records of reconciliation activities and adjustments.
Prepare and maintain reconciliation reports and summaries for management review.
Escalate unresolved issues and aged reconciling items appropriately.
Ensure timely follow-up and clearance of outstanding items in reconciliation
Tracing and pursuing long outstanding debtors and where possible issue demand letters and escalate for cancellation

Key Skills, Knowledge, Experience and Behavioural Competencies

Academic and Professional Requirement

Education Bachelor’s Degree Bachelor’s degree in a related field from a recognized university
Professional Qualification CPA, ACCA, CCP added advantage

Experience Required:

Description Required years of experience