ASSISTANT FUND ACCOUNTANT
Job descriptions & requirements
About Us
CIC Insurance Group is a leading insurance and financial services organisation with more than five decades of experience helping individuals, families, and organizations achieve financial security.
We have grown into a dynamic Group offering life, general, micro insurance, asset management, and investment solutions, with operations in Kenya, Uganda, South Sudan, and Malawi, and are listed on the Nairobi Securities Exchange.
Our tagline, “We Keep Our Word,” reflects our unwavering commitment to integrity, transparency, and delivering on our promises to our clients, partners, and communities.
CIC Group is passionate about innovation, digital transformation, and inclusive insurance solutions that meet the evolving needs of cooperatives, SMEs, corporates, and individuals. By joining us, you will be part of a team that is shaping the future of financial protection across Africa.
About the Role
Reporting to Assistant Manager – Client Relations, the Fund Accountant will be responsible for providing quarterly management and annual audited financial statements in line with SLAs and to meet statutory requirements in order to drive client satisfaction and enhance service delivery.
Key Responsibilities
- Preparation and presentation of pension funds management accounts, budget, cashflow statement and annual audited financial statement to trustees as per RBA and International Financial Reporting Standards (IFRS).
- Handle an assigned client portfolio of investment
- Assessment, computations and payments of quarterly and annual income tax and annual RBA levies. Payment of income tax and RBA levies to the relevant bodies as per statutory requirements.
- Analyze and capture data received from the fund managers and custodians monthly.
- Monthly reconciliation of the members dealing in the pension system
- Prepare cash book and bank reconciliation monthly.
- Filling of Investment returns for guaranteed fund schemes
- Preparing Scheme financial statements and filing Scheme audited accounts with RBA.
- Guaranteed fund bank statement reconciliation and receipting of contributions & transfers
- Analysis and processing pension benefits, expenses and service providers fees
- Assist in training interns.
Client Service
- Participate in client AGMs through proper preparations and response to member queries.
- Proactively foster cordial working relations with all stakeholders to enhance client satisfaction and service delivery.
Operational Efficiency
- Adhere to all SLAs and working standards to ensure legal and regulatory requirements.
- Real time reporting of system bugs and downtimes for speedy resolutions.
- 100% compliance to Accounting reporting standards.
Who We’re Looking For
Essential Knowledge/Skills and Experience Required:
- Bachelor’s degree in a Business-related field or Actuarial
- Professional qualification in CPA K / ACCA Level 2
- 2 years’ experience in fund accounting/pension industry
- Awareness of RBA, ICPAK and KRA requirements
- Good knowledge of an accounting system
- Analytical and organizational skills
- Accounting
- Able to work to a high level of accuracy
- Good communication skills
About Us
CIC Insurance Group is a leading insurance and financial services organisation with more than five decades of experience helping individuals, families, and organizations achieve financial security.
We have grown into a dynamic Group offering life, general, micro insurance, asset management, and investment solutions, with operations in Kenya, Uganda, South Sudan, and Malawi, and are listed on the Nairobi Securities Exchange.
Our tagline, “We Keep Our Word,” reflects our unwavering commitment to integrity, transparency, and delivering on our promises to our clients, partners, and communities.
CIC Group is passionate about innovation, digital transformation, and inclusive insurance solutions that meet the evolving needs of cooperatives, SMEs, corporates, and individuals. By joining us, you will be part of a team that is shaping the future of financial protection across Africa.
About the Role
Reporting to Assistant Manager – Client Relations, the Fund Accountant will be responsible for providing quarterly management and annual audited financial statements in line with SLAs and to meet statutory requirements in order to drive client satisfaction and enhance service delivery.
Key Responsibilities
- Preparation and presentation of pension funds management accounts, budget, cashflow statement and annual audited financial statement to trustees as per RBA and International Financial Reporting Standards (IFRS).
- Handle an assigned client portfolio of investment
- Assessment, computations and payments of quarterly and annual income tax and annual RBA levies. Payment of income tax and RBA levies to the relevant bodies as per statutory requirements.
- Analyze and capture data received from the fund managers and custodians monthly.
- Monthly reconciliation of the members dealing in the pension system
- Prepare cash book and bank reconciliation monthly.
- Filling of Investment returns for guaranteed fund schemes
- Preparing Scheme financial statements and filing Scheme audited accounts with RBA.
- Guaranteed fund bank statement reconciliation and receipting of contributions & transfers
- Analysis and processing pension benefits, expenses and service providers fees
- Assist in training interns.
Client Service
- Participate in client AGMs through proper preparations and response to member queries.
- Proactively foster cordial working relations with all stakeholders to enhance client satisfaction and service delivery.
Operational Efficiency
- Adhere to all SLAs and working standards to ensure legal and regulatory requirements.
- Real time reporting of system bugs and downtimes for speedy resolutions.
- 100% compliance to Accounting reporting standards.
Who We’re Looking For
Essential Knowledge/Skills and Experience Required:
- Bachelor’s degree in a Business-related field or Actuarial
- Professional qualification in CPA K / ACCA Level 2
- 2 years’ experience in fund accounting/pension industry
- Awareness of RBA, ICPAK and KRA requirements
- Good knowledge of an accounting system
- Analytical and organizational skills
- Accounting
- Able to work to a high level of accuracy
- Good communication skills
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