Reconciliation Assistant at CIC Insurance

About the Role

We are seeking an enthusiastic Reconciliation Assistant to ensure daily receipting, reconciliations, monthly reporting, and journal posting. You will play a key role in maintaining the accuracy and integrity of our financial records.

Key Responsibilities

• Monitor daily receipts, ensure cash ups are completed, and arrange banking 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 agreed timeframes
• 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, where possible, issue demand letters and escalate for cancellation

Required Qualifications

• Bachelor's degree in a related field from a recognized university
• 1 year of relevant experience

Preferred Qualifications

• Experience in general insurance or financial services industry
• Progress toward CPA, ACCA, or CCP certification

Key Competencies

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