Chief Accountant

Job Details

The Chief Accountant will be responsible for sound Financial Accounting, Reporting, Robust Internal Control Environment and Regulatory Compliance. Areas of responsibility include Accounts payable & Disbursement, Reinsurance Accounting, Tax filing & Payment, Receipting of all company collections, Medical Accounting & Reconciliation, Intercompany, Fixed Assets accounting, Bank & General Ledger reconciliations. Location: Uganda. Organization: Britam Insurance Company Uganda Limited. Employment Type: Full Time. Category: Accounting.

Key Duties and Responsibilities

• Collaborate with Corporate segment lead to ensure strong controls and manage financial risks as well as timely financial planning and reporting for GI products
• Support financial analysis and reporting for all GI products and communicate financial results accurately and timely
• Build strong financial controls for all business processes to minimize risks and meet legal and audit requirements
• Manage, direct and develop performance of the Financial Operations Team and Medical Accounting Associates
• Review and approve payments in ERP and other relevant systems including Medical, Claims, Reinsurance and other service providers
• Review and approve reinsurance reconciliations and payments including Facultative, Treaty and Excess of Loss
• Review and approve tax returns and payments in line with URA requirements including Excise duty, VAT, WHT, PAYE, Stamp duty and Corporation tax
• Review and approve Fund Management reconciliations
• Review and sign off Hospital reconciliations below UGX 10 million
• Ensure funds received are receipted and allocated accordingly including premiums, salvages, claim excess, medical cards, motor certificates, asset disposals and reinsurance recoveries
• Review Fixed Assets register and movement schedule and ensure month-end activities including disposals, additions, depreciation/amortization and revaluation are performed
• Ensure compliance with Insurance Act and Regulations and that all IRA and other Regulatory Authority guidelines are adhered to
• Preparation of annual accounts and financial statements in compliance with Insurance Act
• Liaise with External Auditors during Interim & Final Audits ensuring schedules are prepared timely; coordinate implementation of Internal and External Audit issues within timelines
• Review monthly Intercompany reconciliation and ensure collection and payments with relevant Subsidiaries
• Review and approve monthly Bank and other General Ledger reconciliations
• Maintain and strengthen internal controls over financial reporting
• Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure IFRS compliance
• Provide ad hoc reports as required and provide training, coaching and guidance to staff
• Exercise Delegated Authority as per approved Delegated Authority Matrix, Uganda's Companies Act and IFRS

Qualifications, Skills and Requirements

• Bachelor's degree in a business-related field; MBA will be an added advantage
• CPA (U) or equivalent qualification
• Five (5) years' experience in a similar position desirable
• Knowledge of insurance regulatory requirements
• Sales and marketing management skills (as listed)
• Strong financial accounting, reporting, tax and IFRS knowledge
• Experience with ERP systems, reconciliations and audit management