Reconciliation Assistant at CIC Insurance

About the Role:

We are looking for an enthusiastic Reconciliation Assistant who will responsible for ensuring daily receipting, reconciliations, monthly reporting and posting journal.

Key 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

Who We’re Looking for

Qualifications

• Bachelors degree in a related field from a recognized university.
• 1 year of experience (experience from general insurance or financial services industry is an added advantage).
• Progress in CPA, ACCA or CCP is an added advantage.

Key Competencies

• Strong analytical and reconciliation skills
• High attention to details and data accuracy
• Proficiency in Microsoft Excel (VLOOKUP, Pivot Tables etc. )