Reconciliation Accountant Get to know the business.AIG Kenya Insurance Co. Ltd has over 50 years of experience in General Insurance and are proud to offer AIG's innovative and tailored products and solutions to our customers across the county. We are a leading provider of insurance products and services for commercial and personal insurance customers. AIG offers a broad range of products to customers through a diversified, multichannel distribution network.About the roleWhat you need to know:Reporting to the Financial Controller, this role is responsible for reconciliation of accounts in line with the company's policy and ensure that all financial transactions are recorded accurately. This includes reviewing financial records to identify discrepancies and prepare reports detailing the findings and recommend corrective action to prevent future errors. Driving clearance of open reconciling items will be a key performance indicator.ResponsibilitiesReconcile and analyse general ledger and sub ledger accounts to source data and systems to ensure transactions are recorded accurately and account balances are accurately stated.Scrutinize data from various source systems, investigate discrepancies, and collaborate with business and finance operations teams to address differences, outstanding issues, and unusual balances.Prepare Excel templates needed for the analysis and reconciliation of complex accounts.Ensure reconciliations are compliant with company financial standards and procedures in terms of ageing profile and volume of open items.Providing analysis and commentary on any open items and liaise with relevant team members to actively investigate and resolve any unidentified differences in a timely manner.Active involvement in determining SLA's for interdepartmental dependencies affecting clearance of open items in reconciliationsResponsible for reducing unexplained/unreconciled amounts and volumes month-on-month.Any other duty assigned by management.Audit & Compliance Ensure adherence to audit requirements.Ensure adherence to regulatory and compliance requirements.QualificationsUndergraduate degree in finance, accounting or related fieldProfessional qualification : CPA (K) or ACCAMember of the Institute of Certified Public Accountants of Kenya (ICPAK)ExperienceRelevant insurance industry experience.Experience in performing bank reconciliations, balance sheet reconciliations, inter-company reconciliations and other financial transaction reconciliations.Strong communication skills (both written & oral) and interpersonal skills to effectively work with different departments.Strong analytical, planning and organization skills.Proven ability to perform well under pressure and regularly meet strict deadlines a fast-paced environment.Excellent spreadsheet skills (Excel)Skills/CompetenciesTime Management: Ability to handle multiple priorities, organize work and meet deadlines.Attention to detail: Maintain accuracy of work.Communication: Effective communication skills at all levels of business.Strong team playerReimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of belongingWe're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.Functional Area:FA - FinanceEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG Kenya Insurance Co. Ltd
