Day-to-day operations and transaction processing

• Prepare and post journal entries into the General Ledger (GL) in accordance with the policies and procedures
• Process routine accounting entries generated by the policy administration system (ILMS) and the IFRS 17 calculation engine (Prophet).
• Execute day-to-day general ledger maintenance, ensuring proper dimensions set up and allocations.
• Assist the Reporting Manager in performing month-end and year-end financial closure, ensuring transaction cut-offs and postings adhere to agreed deadlines.
• Support payment approvals by reviewing posted payments, ensuring that all the payments are posted to the correct general ledger accounts and correcting all errors noted.
• Support the processing of tax obligations including the payment of VAT, corporate instalment tax, and any other tax obligations as may be required from time to time
• Responsible for all intercompany collections and ensuring that intercompany balances owed from related parties are collected in a timely basis.
• Responsible for reviewing and tracking of staff and FA loans and advances and ensuring prompt recovery as per the finance policy.

Fixed assets accounting and management

• Manage the full lifecycle of company fixed assets, including recording additions, disposals, transfers, and monthly depreciation runs in the Fixed Asset Register (FAR) and posting these into the General Ledger.
• Coordinate and execute physical asset tagging across all branches, facilities, and head office departments.
• Plan, conduct, and reconcile periodic physical fixed asset verifications, investigating and resolving discrepancies between physical counts and register balances.
• Prepare comprehensive fixed asset movement audit schedules for internal and external auditors.

Financial reporting & budgeting

• Assist the Reporting Manager in the production of monthly management accounts, analysing the reports ready for management presentation and analysis of the expenses per class per branch per month.
• Compile data required for budgetary planning, and assist the Reporting Manager in the preparation of the budget inputs and supporting budget variance reporting.
• Support the Reporting Manager in ensuring that subsidiary financial reports are prepared and translated into local currency in readiness for management presentation.

Other responsibilities

• Support the internal and external audit process.
• Evaluate and appraise loan applications submitted through the Agency channel, verifying borrower eligibility, documentation completeness, and adherence to established internal credit policies and risk thresholds prior to approval.
• Review and verify agency incentives and payments to ensure accuracy of such incentives and ensure that they reflect the achievement of agreed targets.
• Preparation of the annual financial statements for the ICEA LION Life Assurance Personal Retirement Scheme (PRS), ensuring that the reports are accurate, are in accordance with RBA guidelines.