Accounts Assistants at Resolution Insurance Company Ltd

On Friday, November 20th, 2015
Resolution Insurance Company Ltd is a general insurer offering innovative and responsive insurance solutions. 
We have learned to adapt in this constantly changing society, and develop comprehensive products that are relevant to our clients. 
We currently have over 60,000 members in our fold and have partnered with over 500 medical service providers across East Africa; a strong network of hospitals, clinics and doctors.
The Resolution Insurance brand is energetic and trendy. In pursuit of our ambitious growth plan, we are looking to fill the below position in our Finance Department. 

Reporting to the Senior Accountant through the Accountant, the Accounts Assistants overall purpose is to ensure accurate & timely invoicing, receipting and payment for and on behalf of Resolution Insurance.
 
Key Responsibility Areas:
Specific Deliverables:
 
Premium Management:
  • Process, invoice and reconcile Individual or corporate business in actisure
  • Post receipt of payments for EB business into pastel
  • Correctly assign broker/agents to policies
  • Raise debit/credit notes, interest rates and premium refunds for clients
  • Ensure all premiums are fully paid and clients do not have debts before renewing or processing business
  • Keep accurate and updated payment/deductions/commissions schedules for agents and brokers
  • Run invoices through the ETR machine
  • Invoice fund accounts and fund top-ups
Reallocation:
  • Reallocate receipts to policy holders accounts daily
  • Prepare suspension and termination letters for both NIC & Eco banks bounced cheques on a timely basis
  • Answer queries related to individual/ corporate business from production/commission report
Bank Reconciliation:
  • Ensure complete and accurate bank reconciliation for all cash books
  • Online Mpesa transfer – when amount gets to 1 Million
  • Monitor RI investments and provide accurate reporting on the same
  • Post Act-isure receipts and bank charges-journals to pastel
IPF:
  • Prompt banking of cheques, preparation of banking schedules and receipt of IPF cheques
  • Ensure that premium is fully paid before processing business to underwriting
  • Process Insurance premium arrangement schedules and ensure interest is charged as per RI credit tariffs
  • Update IPF cheque register, IPF financing schedule, interest schedule and post manual interest
  • Suspend/reinstate members in relation to delayed payments or debts clearance and communicate to them on the same
  • Process premium refunds to IPF clients for overpayment or cancelled covers
  • Proper filing of records related to RHEAL credit
Qualifications and Experience:
 
Essential
  • Bachelor of Commerce degree in Finance or Accounting
  • CPA I & II qualification
  • 6 months – 1 year relevant work experience.
  • Good knowledge of Microsoft office and accounting software especially Pastel
Desirable
  • Good time management skills
  • Ability to work responsibly with or without direct supervision.
If you believe you are a team player and would be a valuable resource to this ever growing brand, kindly CLICK HERE to apply online by COB, Monday, 23rd November 2015.
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