ACCOUNTANT

Accountant job at Insurance Regulatory Authority

DIVISION Finance

GRADE/LEVEL IRA 6

IMMEDIATE SUPERVISOR Assistant Manager, Finance

PURPOSE OF THE JOB

Responsible for compiling and posting general ledger information and summaries concerning various financial transactions in order to ensure accurate and timely maintenance of accounting records in accordance with prescribed financial policies, standards and taxation requirements.

RESPONSIBILITIES

• Accounts PreparationPrepare the half-year and annual draft financial statements in the specified format and analyze the underlying accounts to determine the accuracy,completeness and conformance to the applicable International Financial Reporting Standards and Generally Accepted Accounting standards and Principles.

• Prepare the Monthly Summary of Premium Levy and analyse the related returns with a view to determining the accuracy of the amounts received.

• Prepare returns required by the Treasury and other supervisory agencies of the Authority.Assist in the preparation of annual budget.

• Prepare the monthly payroll and generate the payroll and payroll by- products (deductions) reports.

• Prepare the annual tax deductions returns and furnish staff and directors with the same.

• Maintain the Pending Invoices and the Pending LPO/LSO file and make the necessary follow-up to ensure that items are cleared.

• Ensure dispatch of cheques and transmittal of electronic payments to suppliers.

• Transaction Accounting – Maintain and regularly update the Fixed Assets Register, including computation of monthly depreciation and posting the same to the General Ledger.

• Review the daily posting of transactions in the general ledger, cash book and other subsidiary ledgers.Authorize general ledger journal entries and other documents necessary to effect accounting entries.

• Monitor monthly revenues and expenses and where applicable ensure that they are accrued or posted in the correct accounting period. 

• Check the Bank Reconciliations for accuracy and where applicable make recommendations for dealing with outstanding items including making a follow up of the recommendations to ensure that they are implemented.

• Check the analysis of various accounts and take necessary action to ensure that all the accounts reflect the correct balances. 

• Initiate the opening of new ledger accounts as necessary to more accurately capture detailed accounting information. Compute the allowances payable to directors and initiate payment as applicable.

• Financial Reporting – Prepare the monthly Management accounting reports, analyse and draw attention to any significant variances and make necessary recommendations. 

• Preparing a compliance report on payment of tax returns, statutory returns and related payments. 

• Prepare the Monthly staff Advances/Imprest report and highlight staff with overdue Advances/Imprest. 

• Participate in various committees in the authority

REQUIRED QUALIFICATIONS

Education and knowledge

• Bachelor’s degree in Finance and Accounting or Business Administration (Finance or Accounting option); • Full CPA-K, ACCA professional qualification; • Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or similar professional body; and • Proficiency in ICT

Experience

• Five (5) years’ experience in accounting and finance or auditing gained from reputable organizations; and • Good working knowledge of accounting and budgeting principles, financial management and banking

Skills

• Good communication and reporting skills; • Strong analytical and numeric skills; and • Good organization and inter personal skill

Competences

• Professionalism; • Ethical and integrity; • Strategic thinking; and • Ability to work under pressure, prioritize and multi task

How To Apply

If you believe you are the right candidate for the above position and can clearly demonstrate your ability to meet the job requirements given, please submit your application (clearly indicating on the envelope the reference number and position you are applying for) with a detailed CV, stating your position, current remuneration, qualifications, experience, names and addresses of three referees, email and telephone contacts together with copies of your certificates and national identification card by close of business on 28th February 2020 to:

Commissioner of Insurance & Chief Executive Officer Insurance Regulatory Authority Zep-Re Place P.O Box 43505-00100, Email: careers@ira.go.ke, Nairobi

IRA is an Equal Opportunity Employer and Persons With Disabilities are encouraged to apply.

Note: only shortlisted candidates will be contacted and canvassing will result in automatic disqualification