Accountant Jobs – CIC General Insurance Uganda Limited | Apply Now

• Prepare monthly IFRS 17 reporting finance data and work with the actuarial team to validate and ensure accuracy.

• Prepare IFRS 17 compliant management and statutory financial reports.

• Prepare IFRS 17 compliance RBS returns.

• Review adequacy of operational and financial controls in the business (systems, processes and people) and recommend changes to the management;

• Review returns to the regulator and other statutory bodies on monthly, quarterly and yearly;

• Review the completeness of the asset register and confirm that it is in line with the company accounts;

• Confirm investment in company assets are within company investment policy statement as guided by the Insurance Act and advice the fund management monthly;

• Review management and financial reports for completeness and preparation of board papers on a monthly and quarterly basis respectively;

• Prepare and compile company budgets annually and analyse financial reports and report variance against budget on a monthly basis;

• Oversee Expenses management, containment and austerity measures to achieve cost savings of a minimum 10% and overall expense ratio of a maximum 40%.

• Approve payments and check that all accounting transactions are posted to the correct cost centres;

• Coordinate external and internal audits;

• Development, implementation and reviewing of credit management strategies in line with the overall corporate strategic objectives;

• Development and implementation of credit management policy;

• Convening credit control committee and implementation of the committee’s recommendation

• Setting cash target to ensure collection of outstanding premiums in line with policy provisions

• Present debtors report and bad debt provisions report to management.

• Manage cash flows, control costs and action on audit recommendations;

• Liaise with external stakeholders e.g. banks, URA, IRA towards enhancement of company operations.

Generic Duties

• Carry out performance appraisal, coaching and mentoring staff;

• Resource allocation, staffing and leave approval;

• Participate in planning and budgeting for the department;

• Participate in various meeting and committees and acting as spokesperson on behalf of the company.