Fixed Term - Accounts Payable Officer
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Industry Banking / Financial Services Founded 1920 Type Public Website www.oldmutual.co.ke Address Corner Mara and Hospital Road, Upper Hill, Nairobi.P.O. Box 30059 Nairobi, Kenya
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KEY TASKS AND RESPONSIBILITIES
- Process Internal payments within SLA e.g. claims, Override commissions, Agent awards, cash advances, premium movements, premium refunds & agents refunds.
- Process supplier payments within the 30-day credit period.
- Ensure accurate processing of intercompany transactions.
- Processing statutory payments e.g. taxes, SHIF, NSSF, PAYE, Regulatory levies and payroll deductions monthly.
- Monthly reconciliation of control accounts & suppliers and resolution of open items.
- Month end closure activities, intercompany journals, expense analysis in liaison with reporting team and open journals management.
- Prepare and provide audit support schedules.
- Timely submission of projected cash out-flow to treasury for funding purposes.
- Ensure integrity and accuracy of the General Ledger accounts and posting of adjusting entries.
- Reprocessing returned/bounced payments within TAT.
- Achieve Culture engagement scores as per guidelines.
- 48 hours turnaround time for risk event escalations.
- Monthly Balance sheet attestation and validation of TB balances
- Preparation of payables Dashboard report monthly.
SKILLS AND COMPETENCIES
- Strong financial and accounting knowledge, with solid understanding of key principles and standards.
- Excellent analytical and problem-solving abilities.
- High proficiency in both written and verbal communication.
- Strong interpersonal skills and ability to work effectively in a team environment.
- Adaptability to changes in procedures, technology, and organizational policies.
- Ability to work under pressure while maintaining accuracy and attention to detail.
- Strong organizational skills, with a focus on maintaining complete and audit-ready documentation.
- Ability to build and maintain positive stakeholder relationships.
- High level of professionalism, integrity, and commitment to confidentiality in handling financial information.
KNOWLEDGE & EXPERIENCE
- Strong knowledge of accounting systems, processes, and financial principles.
- Proficiency in Microsoft Excel, Word, PowerPoint, Outlook, and Microsoft Dynamics.
- Experience in the financial services industry
QUALIFICATIONS
- Bachelor’s degree in finance, Accounting, or a related field.
- Certified Public Accountant (CPA) designation.
- Relevant experience in the financial services industry.