Reconciliation Assistant Job CIC Insurance
Insurance Jobs, CIC Insurance Jobs. Reconciliation Assistant reconciles accounts, tracks transactions, and resolves ledger discrepancies, requires an Accounting/Finance Degree or CPA certification and 1+ years reconciliation experience.
About the Role
The role holder will be responsible for ensuring accurate and timely receipting, bank and premium reconciliations, IPF management and debt follow-up.
Key Responsibilities
- 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;
- Maintain IPF schedules and follow up with the bank on settlement
- Liaise with internal departments (finance, operations, IT, underwriting and business to resolve reconciliation issues within allowed TAT
- Maintain accurate records of reconciliation activities and adjustments.
- 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
- Match receipts and payments against invoices, premiums and debtor accounts.
- Follow up on missing bank debits, receipts and supporting documentation
- Maintain accurate reconciliation schedules and ageing reports.
- Support clearing of outstanding and unreceipted transactions.
- Prepare daily/weekly reconciliation and exception reports.
- Support month-end and quarterly account closure and signoffs.
- Ensure reconciliation issues are escalated within agreed turnaround times.
- Assist with process improvement, automation and data quality initiatives.
Qualifications
Essential Knowledge/Skills and Experience Required:
- Bachelor’s Degree in Business related field.
- Professional Qualification in CPA, ACCA, CCP is an added advantage.
- Minimum of 1 year of experience.
- Experience in general insurance or financial services industry is an added advantage
Key Competencies
- Strong analytical and reconciliation skills
- High attention to detail and data accuracy
- Proficiency in Microsoft Excel (VLOOKUP, Pivot Tables, etc.)
How to Apply
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