Reconciliation Assistant at CIC Insurance

About the Role

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

Key Responsibilities

• Monitor daily receipts, ensure cash ups are completed, and banking is done on a daily basis
• Check remittances (RTGS, EFT, IPFs, Mpesa) and facilitate receipting within 24 hours
• Review all daily transaction entries to verify the correctness and completeness of captured data and advise on required actions
• Reconcile and sign off on intermediary accounts
• Liaise with internal departments (finance, operations, IT, underwriting, and business) to resolve reconciliation issues within allowed turnaround time
• 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
• Trace and pursue long outstanding debtors and issue demand letters where appropriate, escalating for cancellation as needed

Qualifications

• Bachelor's degree in a related field from a recognized university
• 1 year of experience (experience in 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 detail and data accuracy
• Proficiency in Microsoft Excel (VLOOKUP, Pivot Tables, etc.)