Senior Financial Accountant Get to know the business.AIG Kenya Insurance Co. Ltd has over 50 years of experience in General Insurance and are proud to offer AIG's innovative and tailored products and solutions to our customers across the county. We are a leading provider of insurance products and services for commercial and personal insurance customers. AIG offers a broad range of products to customers through a diversified, multichannel distribution network.About the roleWhat you need to know:Reporting to the Chief Finance Officer, this role is responsible for the timely and accurate financial reporting, meeting statutory and regulatory requirements and reconciliation of the general ledger accounts.ResponsibilitiesControl Environment & FrameworkOversee the general ledger activities and maintain chart of accounts, ensuring accurate and consistent recording of financial transactions.Preparing weekly and monthly cash flow statement reports and controlling expenditure through review of all opex and capex needs as well as overseeing account payable activities.Carrying out tax reporting, preparing and submitting tax returns on a timely basisReview reasonability of UPRs and IBNRs computations and postings by ensuring compliance with actuarial guidelines and accounting standardsAccurate accounting and implementation of reinsurance treaties through liaising with the underwriting and claims teams to ensure appropriate reinsurance bookings within the ledger and follow up on recoveries and settlement of ceded premium.Performing reconciliations between finance systems and the core business systemsPerform monthly and quarterly general ledger analysis and reconciliations on the various asset, liability, revenue and expense accounts.Maintenance of a complete, accurate and comprehensive Property and Equipment register and ensure reconciled to the general ledgerParticipate in the month-end and year-end closing processes, ensuring adherence to tight deadlines and accuracy in financial reporting.Co-ordinate the timely completion of the external audit of the financial records of the companyAny other duty assigned by management.Audit & ComplianceEnsure adherence to audit requirements and implementation of audit recommendations.Ensure adherence to regulatory and compliance requirements.What we're looking for:QualificationsUndergraduate degree in finance, accounting or related fieldMasters degree in a business related discipline is an added advantageProfessional qualification : CPA (K) or ACCAMember of the Institute of Certified Public Accountants of Kenya (ICPAK)ExperienceRelevant insurance industry experience.Practical exposure to internal and external audits, budgeting, reporting and preparation of annual statutory financial statements.Previous working experience in a Big 4 audit firm is an added advantage.Strong understanding of technical accounting relating to the new IFRS 17Deep understanding of various types of reinsurance treaties and impact on the company's performance and solvencyStrong communication skills (both written & oral) and interpersonal skills to effectively work with different departments.Strong analytical, planning and organization skills.Proven ability to perform well under pressure and regularly meet strict deadlines a fast-paced environment.Excellent spreadsheet skills (Excel)Skills/CompetenciesTime Management: Ability to handle multiple priorities, organize work and meet deadlines.Attention to detail: Maintain accuracy of work.Communication: Effective communication skills at all levels of business.Strong team player#LI-AIGReimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of belongingWe're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.Functional Area:FA - FinanceEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG Kenya Insurance Co. Ltd
