African Trade Insurance Agency is a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. With deep roots in Africa, we are best positioned to understand and assess the risks here – and to help mitigate them.
Job Summary
Your main role will be to assist the Technical Accountant in the maintenance of accurate technicalaccounts, as per approved policies and procedures.
QUALIFICATIONS & ATTRIBUTES
Academic Qualifications
- Bachelor of Commerce degree in Accounting or Finance
Professional Qualification
- Holds or working towards a Professional accounting qualification e.g. CPA, ACCA, CIMA
- Experience
- At least two (2) or three (3) years of relevant experience
- Experience in the insurance sector would be an added advantage
Responsibilities
- Assist in processing all the business transactions from the underwriting department ensuring that the premium, commissions, acquisition costs and reinsurance premiums are captured accurately
- Ensure proper filing and safe custody of accounting documents
- Assist in reconciling reinsurance treaty returns with the accounting records before processing the
- payments
- Assist on reinsurers and brokers’ payments and ensuring proper allocation of payments
- Assist in allocating premium receipts
- Assist in analyzing premium receipts and in determining any available free cash for investment
- purposes
- Perform bank reconciliations for premium and any other technical accounts
- Assist in booking bad debts
- Assist in requesting third-party statements and performing third-party reconciliations when possible
- Handle cash (petty cash, per diems, cash withdrawals & remittances) and cash deposits
- Assist in managing travel expenses
- Attend to audit queries as and when requiredPerform basic book keeping functions as may be requested
- Perform such other duties as may be assigned from time to time
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