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Old mutual Kenya – Operation Officer-Reconciliation (Faulu MFB)

All jobs > Accounting, Finance and Audit > Old mutual Kenya – Operation Officer-Reconciliation (Faulu MFB)
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Job Description

  • This role is responsible for reconciling bank, alternative delivery channels and control accounts, remitting insurance premium, deposit confirmations.

Reconciliations

  • Reconcile bank, alternate delivery channels (ADC) and other control accounts.
  • Ensure that all settlements for transactions through various channels have been made, transfers to respective GLs and bank charges are posted.
  • Ensure reconciling items are investigated and resolved.
  • File monthly bank and agency reconciliation reports/statements.
  • Confirmation & Monitoring of deposits
  • Daily monitoring of deposits made via third party accounts.
  • Updating branches on any unposted items.
  • Bankers /Outward cheques monitoring and banks confirmations.
  • Client Insurance Fund and Last Expense remittances
  • Accurate reconciliation of premiums and resolution of any variances.
  • Client insurance fund remittances to insurers.
  • Last expense remittances.
  • Computations and advising on any unutilized credit life premiums.
  • Anti Money Laundering Policy
  • Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO).
  • Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable during reconciliations and confirmation of incoming funds.

Reporting

  • Preparation of ageing reports.
  • Preparation on other assets and liabilities schedules.
  • Banc assurance reporting – preparation of schedules of Credit Life, Client insurance fund and Last Expense products.
  • Other Roles & responsibilities
  • Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
  • Preparation of ad hoc or special purpose management reports.

Minimum Qualifications/Experience (Required for The Job)

  • Degree in Business related Studies and/or CPA (K) /ACCA.
  • Experience in working with spreadsheets.

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Operation Officer-Reconciliation (Faulu MFB)