Assistant Accountant Job in Nairobi, Kenya

Background On East Africa Reinsurance: East Africa Reinsurance Company is a leading reinsurance company based in Nairobi, Kenya. 

The company was the first privately owned reinsurer to be established in Kenya and commenced operations on 1st January 1995. 

The company was established through a joint initiative of leading insurance companies in Kenya and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.

East Africa Re (EARe) is a company that understands the local business and at the same time is international in character with strong rating from Global Credit Rating (GCR) and AM Best. 


The company’s Vision is ‘To be the risk partner of choice’ in the markets in which it transacts, and its mission is ‘To provide quality risk solutions, excellent service and enhanced value to all the stakeholders’.

Position Title: Assistant Accountant
 
Department: Finance
 
Reporting To: Chief Accountant
 
Resource Persons: Chief / Accountant, Credit / Assistant Controller, Underwriters, Administration Department, IT Department
 
Duty Station: Nairobi
 
Term: Permanent

Position Purpose: The role holder will be responsible for implementing cash flow management, investment and credit control policies through various roles as highlighted below under the supervision of the Accountant and Credit Controller.
 
Duties and Responsibilities
 
Financial Role
  • Timely preparation of vouchers, letters and cheques relating to investments to maximize investment returns.
  • Aggressively following up on debtors assigned to maintain the credit period allowed by the company.
  • Accurate and timely posting of payments to facilitate preparation and dissemination of financial information.
  • Doing bank reconciliations on time.
  • Accurate and timely allocation of non-trade receipts to Navision system.
  • Aggressively negotiating for high call rates to ensure we secure our target rate of return.
  • Timely preparation of statutory payments such as PAYE, corporation tax, withholding tax etc to save the company any penalties.
Customer relations role

  • Prompt response to cedants/brokers queries on the debt issues assigned.
  • Timely settlement of supplier dues to maintain good relations.
Internal Processes
  • Timely submission of financial records/schedules during audits.
  • Prompt preparation of IRA monthly investment returns to ensure compliance.
  • Preparing investment placement letters.
  • Petty cash management-keeping cash, update records, raising petty cash voucher, posting and filing them.
  • Proper maintenance of financial records for ease of retrieval during audits, financial analysis and preparation of reports.
  • Reconciliation of management expenses, sundry creditors and debtors accounts.
  • Updating exchange rates on Navision during month end.
  • Updating daily cash tracking.
  • Carry out monthly integration between the production system (Reinsurance Management System and Navision System of banking, receivables and payables.
  • Running monthly depreciation and posting recurring expenditure journals for prepayments.
  • Filing of VAT, Withholding Tax and Excise duty on ITAX.
Organization Learning
  • Attend training/workshops that will add knowledge and skills on debt collection and investments.
Profile
 
Experience
  • At least two years’ experience preferably in the insurance industry.
Education
  • Degree in Accounting or Finance related field.
  • Professional qualifications (CPA, ACCA or equivalent).
Skills
  • Proficiency in analyzing financial data
  • Good negotiation skills
  • Speed with accuracy
What are you?
  • A well-organized and self-driven person
  • Collaborative approach with good interpersonal skills to work in a team and alone as required
  • Self-starter and ability to work under minimal supervision
  • Open to learning new ways of doing things
  • Comfortable working with people of all levels.
  • Ability to quickly understand the mission, vision and values of an organization
  • Ethical behavior, honest and transparent
What do we offer you?  

When working at EARe, you can expect to work with inspiring and creative colleagues. 

You will have ample opportunities for growth and career development as we value continuous learning. 

We offer you a challenging position in which you will be rewarded for excellent performance.

Apply now! 

Are you interested in this position and do you meet the minimum requirements? 

Apply by sending an e-mail with your CV and a convincing cover letter to careers@eastafricare.com. 

The application deadline is April 15, 2016. 

Due to the urgency in filing this role and high volume of applications received only shortlisted candidates on a first come first serve basis will be contacted.

Do you have questions about this vacancy?

Visit our website at www.eastafricare.com

Please do not hesitate to contact us by e-mail or telephone: careers@eastafricare.com or 020 4443588 / 0733 623737 / 0728 111041.

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