Chief Accountant
REF: HRJIC108
POSITION: CHIEF ACCOUNTANT TREASURY- FINANCE DEPARTMENT FINANCE
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance
Company based in Mombasa in 1937. 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 and Mauritius. 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 Chief Accountant- Treasury. The post
holder will report to the Head of Finance in the Finance and Accounting Department and will be
based in Nairobi, Kenya.
Role Purpose
Ensuring and maintaining accurate bank reconciliations through prudent assurance that the
monthly transactions are all in order and books balanced
Ensuring that objective and accurate data is captured into the General ledgers and by extension,
the Life system and other subsidiary ledgers while ensuring adequate management of the
corporate treasury section and maintenance of accurate bank reconciliations
Responsibilities
1. Cheque confirmations and MIFT (Manually initiated funds transfers) instructions and
internal/ inter-account/ interbank transfers
2. Liaison and relations between the company and its bankers for all appropriate transactions
3. Booking of deposits and liquidations to facilitate account funding and investments including
forex deals/ settlements and forex cheques/ drafts (international transactions)
4. Accounting for incoming and outgoing RTGS/TTs/SWIFT/EFTs and issuing of disposal and
bank stop payment instructions
5. Debits/credits –EFTs unapplied/recalled/unpaid (interbank, internal-agents’ commission
processing)
6. Tender security bonds and others responsibilities – e.g. calls for details of credits/debits,
bank balance confirmations, auditors’ circularization, bank statement requests, etc
7. Planning of company cash flow by analyzing trends, using available information and
interaction with the relevant business units and the company’s budgets.
8. Assisting and managing the treasury function during audits and leading the business
continuity projects for the Treasury unit.
9. Generating reports and essential schedules for financial year-end and interim/statutory
audit and the production and provision of appropriate treasury-related reports and
guidelines.
10. Bank transaction (electronic/hard copy) receipting, data processing and capturing into GL
and attendant subsidiary ledgers.
11. Cash/bank balances control and investments (in liaison with the investments section)
12. Medical and pension business operations (receipts, payments, commissions, withdrawals)
13. Bank reconciliations for all the company’s accounts, adjustments/ journals and
investigations.
14. All treasury-related queries and correspondences; processing and responding to queries and
liaison – banks, internal staff and clientele.
15. Life file/ underwriting investigations and premium confirmations
16. Several authorizations necessary for the fulfillment of the foregoing duties.
17. Coordination of system development and implementation – life/non-life.
18. Managing of incoming payments made at the company branches – done by junior staff.
19. Head and team member of internal/external audits (ISO)
20. Developing, training, motivating and evaluating departmental staff to achieve highest levels
of performance
21. Identifying, implementing and benchmarking best practices in management
22. Determining & coordinating departmental reporting and communication requirements
Key Deliverables
1. Safeguarding company’s assets (cash) and overall operational efficiency and effectiveness of
the company’s cash, bank and general ledger resulting in a proper and reliable databank for
the company’s bank accounts.
2. Contributes to negotiating best deals especially forex ones for the company and contributes
to the maximization of benefits on the company’s cash or bank (account) transactions.
Qualification and Experience
Academic Qualifications
1. Bachelor of Commerce - finance / Accounting
2. CPA (K)
3. Trained and qualified in accountancy profession (preferably member of the Institute- ICPAK)
Functional Skills
1. Treasury Management
2. Accounting operations
3. Operations & Service Management
4. Application and exploitation of IT
5. Knowledge and insight in conventional bank and banking matters/operations
Relevant Experience
5 years
Submit your applications to Recruitment@Jubileekenya.com or HumanResources@jubileekenya.com
POSITION: CHIEF ACCOUNTANT TREASURY- FINANCE DEPARTMENT FINANCE
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance
Company based in Mombasa in 1937. 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 and Mauritius. 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 Chief Accountant- Treasury. The post
holder will report to the Head of Finance in the Finance and Accounting Department and will be
based in Nairobi, Kenya.
Role Purpose
Ensuring and maintaining accurate bank reconciliations through prudent assurance that the
monthly transactions are all in order and books balanced
Ensuring that objective and accurate data is captured into the General ledgers and by extension,
the Life system and other subsidiary ledgers while ensuring adequate management of the
corporate treasury section and maintenance of accurate bank reconciliations
Responsibilities
1. Cheque confirmations and MIFT (Manually initiated funds transfers) instructions and
internal/ inter-account/ interbank transfers
2. Liaison and relations between the company and its bankers for all appropriate transactions
3. Booking of deposits and liquidations to facilitate account funding and investments including
forex deals/ settlements and forex cheques/ drafts (international transactions)
4. Accounting for incoming and outgoing RTGS/TTs/SWIFT/EFTs and issuing of disposal and
bank stop payment instructions
5. Debits/credits –EFTs unapplied/recalled/unpaid (interbank, internal-agents’ commission
processing)
6. Tender security bonds and others responsibilities – e.g. calls for details of credits/debits,
bank balance confirmations, auditors’ circularization, bank statement requests, etc
7. Planning of company cash flow by analyzing trends, using available information and
interaction with the relevant business units and the company’s budgets.
8. Assisting and managing the treasury function during audits and leading the business
continuity projects for the Treasury unit.
9. Generating reports and essential schedules for financial year-end and interim/statutory
audit and the production and provision of appropriate treasury-related reports and
guidelines.
10. Bank transaction (electronic/hard copy) receipting, data processing and capturing into GL
and attendant subsidiary ledgers.
11. Cash/bank balances control and investments (in liaison with the investments section)
12. Medical and pension business operations (receipts, payments, commissions, withdrawals)
13. Bank reconciliations for all the company’s accounts, adjustments/ journals and
investigations.
14. All treasury-related queries and correspondences; processing and responding to queries and
liaison – banks, internal staff and clientele.
15. Life file/ underwriting investigations and premium confirmations
16. Several authorizations necessary for the fulfillment of the foregoing duties.
17. Coordination of system development and implementation – life/non-life.
18. Managing of incoming payments made at the company branches – done by junior staff.
19. Head and team member of internal/external audits (ISO)
20. Developing, training, motivating and evaluating departmental staff to achieve highest levels
of performance
21. Identifying, implementing and benchmarking best practices in management
22. Determining & coordinating departmental reporting and communication requirements
Key Deliverables
1. Safeguarding company’s assets (cash) and overall operational efficiency and effectiveness of
the company’s cash, bank and general ledger resulting in a proper and reliable databank for
the company’s bank accounts.
2. Contributes to negotiating best deals especially forex ones for the company and contributes
to the maximization of benefits on the company’s cash or bank (account) transactions.
Qualification and Experience
Academic Qualifications
1. Bachelor of Commerce - finance / Accounting
2. CPA (K)
3. Trained and qualified in accountancy profession (preferably member of the Institute- ICPAK)
Functional Skills
1. Treasury Management
2. Accounting operations
3. Operations & Service Management
4. Application and exploitation of IT
5. Knowledge and insight in conventional bank and banking matters/operations
Relevant Experience
5 years
Submit your applications to Recruitment@Jubileekenya.com or HumanResources@jubileekenya.com
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