Assistant Manager, Accounts Receivable at KCB Kenya

Job Description

Assistant Manager, Accounts Receivable at KCB Kenya

The role holder is responsible for revenue assurance by providing financial & administrative support on receivables through ensuring that the company receives payments and where receivables are collected, proper monthly reconciliation and quarterly signoffs. This needs to be supported by proper records and resolve discrepancies according to established policies and procedures in an efficient, timely and accurate manner.

Key Responsibilities

• Generate weekly receivable reports detailing status of all receivable ledgers and flagging out risky accounts for monthly risk reporting, Support periodical & annual financial statement provision and audits by compiling the required audit schedules and provide a reconciled statement of outstanding receivables that reconciles with the general ledger. 
• Provide debtors provision analysis and ensure the adequacy of the provisions carried by the business. 
• Prepare monthly reconciliation reports with Underwriters and have quarterly signoffs documented.
• Prepare monthly direct commissions reports and demand the same from underwriters, ensuring all the commissions are paid on time as per agreed SLA. 
• Monthly accounts reconciliation-suspense account reconciliation to ensure no long- outstanding items, daily reconciliation of the premium account.
• Monthly WHT reconciliations to ensure withholding tax credits are generated and reconciled to production and the underwriter’s statements.
• Review Underwriter payments & remittances to underwriters for timely and accurate payments.
• Quarterly sales incentives reconciliations & follow-up with underwriters as per the signed SLA.
• Ensure bank business and captive business are invoiced and payments done within the agreed SLA.
• Review and follow up proposed system changes to ensure efficiency.

The Person

For the above position, the successful applicant should have the following:

• A bachelor’s degree in commerce (Finance or Accounting Option), Economics or related field
• A professional certification in accounting; CPA/ACCA

• At least 4 years’ experience in a similar role within a Bancassurance Intermediary/insurance company.
• At least 3 years Working knowledge of: Turnquest.
• At least 3 years Working knowledge with high proficiency in MS office suite-and Advanced Skill in Excel.
• Practical experience in reconciliation (sales incentives reconciliations, suspense account reconciliation) and report preparation (direct commissions reports, Underwriter payments & remittances)
• Understanding and practical experience dealing with taxation issues and KRA compliance requirements.

The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment portal and submit your application with a detailed CV.

To be considered your application must be received by Friday 29^th March 2024

Qualified candidates with a disability are encouraged to apply.

Only short-listed candidates will be contacted.

Assistant Manager, Accounts Receivable at KCB Kenya