Job Ref. No: JHIL130
Position: Accountant
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance
Company based in Mombasa. Jubilee Insurance has spread its sphere of influence
throughout the region to become the largest Composite insurer in East Africa, handling Life,
Pensions, General and Medical Insurance. Today, Jubilee is the number one insurer in East
Africa with over 450,000 clients. Jubilee Insurance has a network of offices in Kenya,
Uganda, Tanzania, Burundi. It is the only ISO certified insurance group listed on the three
East Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock
Exchange and Uganda Securities Exchange. Its regional offices are highly rated on
leadership, quality and risk management and have been awarded an AA- in Kenya and
Uganda, and an A+ in Tanzania. For more information, visit www.JubileeInsurance.com.
We currently have an exciting career opportunity for an Accountant within Jubilee Health
Insurance Limited. The position holder will report to the Manager, Financial Reporting
and will be based at our Head Office in Nairobi
Role Purpose
The Accountant is Responsible for accurate and timely financial reporting, maintain
compliance with statutory and regulatory requirements, reconcile general ledger accounts and
safeguard the company’s financial resources.
Key Responsibilities
Strategy
1. Cost-Saving Analysis: Assist in collecting and analyzing expense data to identify
cost-saving opportunities that align with the company’s strategic goals.
2. Financial Planning: Provide accurate and timely data on expenses to help in the
preparation of budgets and financial forecasts, contributing to the overall financial
strategy.
3. Intercompany Transaction Management: Assist in the accurate recording,
tracking and reconciliation of intercompany transactions/expenses to provide reliable
data for strategic financial reporting and decision-making
4. System Implementation: Support the implementation of financial systems and tools
to enhance the efficiency and effectiveness of financial reporting processes
2. Operational
1. Accurate and Timely Expense Recording: Ensure all expenses are accurately
recorded and accounted for in accordance with accrual accounting principles
2. General Ledger Reconciliation: Reconcile general ledger accounts, identify
discrepancies, and ensure proper documentation for all transactions.
3. Intercompany Transactions: Maintain accurate intercompany records, prepare and
distribute statements promptly, and follow up on outstanding debts.
4. Tax Compliance: Ensure the timely preparation and submission of VAT, WHT, and
withholding VAT returns.
5. Financial Planning: Contribute to financial forecasts, adjustments, and explanations
for variances, particularly related to expenses.
3. Financial reporting
1. Timely Reporting: Submit all required reports and analyses by the 5th of every month.
2. Monthly Financial Reporting: Assist in the timely preparation of monthly
management accounts and key figures by the 3rd of every month.
4. Corporate governance
1. Adherence to Internal Controls: Follow established internal controls and procedures
when processing expenses, ensuring that all transactions are compliant and properly
authorized.
2. Support for Audit Processes: Assist in gathering and organizing documentation for
internal and external audits, ensuring that expense records are accurate and
accessible.
3. Data Accuracy: Maintain high standards of data accuracy in expense records,
contributing to the integrity of the company’s financial reporting.
5. Leadership & Culture
1. Team Collaboration: Work closely with finance and other departments to ensure
smooth and efficient expense management processes, promoting a collaborative work
environment.
2. Continuous Learning: Engage in professional development opportunities to enhance
accounting skills and contribute to the team’s overall effectiveness.
3. Promote Ethical Practices: Uphold the company’s values by ensuring ethical
practices in all expense-related activities, fostering a culture of integrity and
responsibility.
Laws, Regulations, Company Policies: Stay informed about and strictly adhering to all
external laws, including Anti-Money Laundering (AML) and Counter Financing of Terrorism
(CFT) laws, Data Protection laws, and any other relevant regulations applicable in the
insurance industry; Understand, implement, and enforce internal company policies,
processes and procedures; Ensure that operational compliance programs are in place
within your department. Implement processes and controls that promote compliance with
external laws, regulations, and internal policies; Foster a robust ethical culture within the
organization, demonstrating and promoting ethical behavior, integrity, and compliance
with laws and regulations. Encourage open communication and reporting of any potential
compliance concerns or violations.
Key Skills and Competencies
1. Analytical Thinking: Ability to analyze transactions to identify trends and variances.
2. Communication Skills: Effective communication and presentation skills to Provide
clear and concise reports and updates.
3. Collaboration: Ability to work collaboratively with cross-functional teams and
stakeholders.
4. Adaptability: Flexibility to adapt to changing accounting standards, regulations, and
business needs.
Qualifications
Academic Qualifications
1. Degree in finance or any other related field.
2. CPA/ACCA
Relevant Experience
1. At least 1 year in a similar role
If you are qualified and seeking an exciting new challenge, please apply via
[email protected] quoting the Job Reference Number and
Position by 3rd September 2024
Only shortlisted candidates will be contacted.
