Assistant Accountant - Credit Control at Jubilee Insurance

Brighter Monday
Nairobi, Kenya, Kenya
Competitive salary
18 May 2024
28 May 2024
Experience level
Qualified accountant
Job Description

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Jubilee Insurance was established in August , as the first locally incorporated Insurance Company based in Mombasa in . 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.

Job Ref. No: JHIL

Role Purpose

To ensure collection of premiums, TPA/ Fund statements preparation & Replenishment and support the business on medical financial issues.

Main Responsibilities

Third Party Administration (TPA)/Fund management i.e., preparation of fund statements, ensure timely replenishment and suspension of schemes due to non-payment. Fund, premium accounts reconciliation. Collection of outstanding premiums. Collection of medical undertakings and non-payables (reimbursements of payments undertaken on behalf of clients). Members benefit management i.e., sending out utility reports & member statements. Timely assistance to clients / brokers and staff by answering questions and responding timely to requests and queries. Update monthly excess and TPA reports by 10th of every month. Collection of Admin fees on TPA and undertakings. Meeting brokers / clients to resolve TPA/ fund and premium reconciliation issues. Preparing and presenting weekly sectional credit control reports. Ensure timely preparation of weekly & monthly reports as per the SLAs. Corrects problems by coordinating and resolving information; and identifying systems and procedures problems. Miscellaneous duties as assigned by management.
Corporate Governance
Ensure compliance with company policies, procedures, and regulatory guidelines. Maintain confidentiality and handle sensitive information in accordance with privacy laws and regulations. Adhere to ethical standards and maintain professional conduct while dealing with confidential or sensitive matters.
Engaging in ongoing professional development activities to enhance knowledge and skills in finance and accounting, regulatory compliance, and corporate governance. Foster effective working relationships with internal stakeholders. Foster a culture of accountability and responsibility within the quality assurance function. Serve as a role model for exceptional customer service and professionalism. Change Management: Assist in driving change initiatives within the quality assurance team and the broader organization. Help team members adapt to changes and foster a culture of agility and continuous improvement.

Key Competencies
Analytical skills Good mathematics and statistics skills Attention to detail. Verbal and written communication skills IT skills Good judgment Negotiation and interpersonal skills
Bachelor's degree in accounting and finance Certified Public Accountant (CPA) Proficiency in data analysis using MS Excel or other advanced tools is an added advantage. Professional qualification in Insurance (ACII, AIIK) is an added advantage. Knowledge and experience in the insurance concepts & regulatory requirements.
Relevant Experience
1 - 2 years' experience in Credit control or accounting role