CIC Insurance Group Cash Reconciliation Officer Jobs in Kenya

CIC Insurance Group Cash Reconciliation Officer Jobs in Kenya


Purpose

  • Responsible for reconciling transactions to ensure correctness of all clients’ information.

    Primary Responsibilities

  • Identify unmatched transactions and make follow-up with the custodian and prepare reconciliation reports to the Fund Administrators and Investment dealers;

  • List unmatched accounts and to be remitted to the suspense accounts;

  • Review all daily transaction entries to verify the correctness and completeness of the captured data and advise on required actions;

  • Reconcile collection account and ensure that any wrong debit entries are rectified.

  • Reconcile the various funds’ daily cash balances between the Custodian and the in-house systems. (Administration and Fund Management System);

  • Prepare monthly reconciliation report of all the fund accounts and explain the variances;

  • File the monthly portfolio valuation reports for Fund Manager and Custody;

  • Work closely with Fund administrators, Investment dealers, Custodians and payment platform providers i.e. PesaLink;

  • Daily review of the suspense account and ensure transfer to clients’ accounts for reconciled entries.

  • Prepare weekly suspense position including the Aging analysis;

  • Prepare monthly reports for
    transactions at risk for submission to Unclaimed Financial Assets Authority (UFFA).

    Person Specification

    Academic Qualification

  • Bachelor’s Degree in relevant business field

    Professional Qualification

  • ACCA/CPA/CIFA (Added advantage)

    Experience

  • Up to two (2) years’ relevant experience.

    Skills and Competencies

  • Computer literate in MS Office and other office applications.

  • Understanding of the working environment /competitors.

  • Technical competence in asset management operations.

  • Excellent communication and presentation skills.

  • Problem solving skills.

  • Excellent interpersonal skills.

  • Good analytical skills.

  • High attention to detail.

    How to Apply

  • For more information and job application details, see; CIC Insurance Group Cash Reconciliation Officer Jobs in Kenya


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