Reconciliation Assistant at 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

• Experience in general insurance or financial services industry is an added advantage    1 year