Insurance Regulatory Authority Of Kenya (Ira)


Details of the offer

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

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


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


Good communication and reporting skills;

Strong analytical and numeric skills; and

Good organization and interpersonal skill



Ethical and integrity;

Strategic thinking; and

Ability to work under pressure, prioritize and multi-task


Accounts Preparation
Prepare 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 byproducts (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


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


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


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.

Job Requirements
Required education
: Bachelor's degree

Required relevant work experience
: 5 years

Required languages:
English (Spoken: fluent | Written: fluent)
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  • Auditor - Accounting - Finances / Tax Accountant