Senior Accountant – General Business at CIC Insurance

CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi

PURPOSE:

Reporting to the Senior Finance Manager, the Senior Accountant will be responsible for preparing financial statements, performing account reconciliations, maintaining the general ledger and assessing internal controls for CIC General Insurance Limited.

S/he will be key in implementation of IFRS 17 and Management Information systems within the company.

PRIMARY RESPONSIBILITIES:

• Preparation and analysis of monthly management accounts and quarterly board reports.


• Budgeting and Forecasting – Preparation of annual budgets and quarterly forecasts after consultative meetings with the relevant departments and business units


• TB Integrity – Maintenance of the monthly checklist and ensure accuracy on postings on a timely basis and oversight of the General ledger.


• Review the completeness of the asset register and confirm that it is in line with the company accounts and policies


• MIS Champion to the current systems and new systems implemented in the organization


• Champion implementation of new IFRS 17 requirements and ensure adherence to existing International Financial Reporting Standards


• Tax administration – Provision of information required during tax health checks and tax computations including deferred tax


• Regulatory Compliance – Filing of monthly, quarterly and annual returns to the respective regulators


• Treasury Supervision – Cash flow Management, review of monthly bank reconciliation statements, branch finance operations supervision


• Expense reporting – Summary, detailed and functional expense reports on a monthly basis


• Reinsurance Treaty Accounts preparation and Reconciliation of Reinsurance balances


• Review Investment Income reports on a monthly basis and ensure adherence to the organization’s Investment Policy Statement


• Planning and preparing audit schedules for internal and external audits

Education    

• Bachelor’s degree in a related field


• Computer literate in MS Office and other office applications


• CPA (K) or ACCAducation

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