Assistant Accountant

United General Insurance Company is a dynamic and leading short-term insurer providing a wide range of short-term insurance solutions to clients. An opportunity has arisen for a result oriented and technically competent persons to take up the following position in the finance and administration departments.

ASSISTANT ACCOUNTANT

Job Summary

The Assistant Accountant is responsible for assisting the Management Accountant in reconciling debtors balances as well as following up on collection of premium and claims recoveries as well as preparation and payment of statutory returns.

Roles and Responsibilities

• Validating and reviewing the debtors’ premiums from brokers, agents, direct clients, other insurance companies and Reinsurance recoveries.
• Following up on the company debtors and advise on the problem accounts
• Identify direct deposits made into our bank accounts and ensuring they are receipted timeously.
• Verifying of the premium confirmation on claims files and reinsurance premium payments.
• Preparing all technical lines journals.
• Preparing the reinsurance treaty returns.
• Managing Reinsurers’ receivable balances in the form of both premiums and claims receivable to ensure these balances are timely collected.
• Ensuring all receipts are promptly allocated to respective reinsurance balances.
• Ensuring that all reinsurance balances are reconciled quarterly and signed off as a control measure before statements are printed.
• Preparation of VAT, Withholding Tax, PAYE and other taxes as well as Tevet returns.

Requirements

Academic and Professional Qualifications

• Bachelor’s Degree in Accounting, Finance, or a related qualification from a reputable and N.C.H.E. accredited academic institution.
• Professional qualification(s) e.g. ACCA, CPA (M) or equivalent.
• At least three year’s experience in credit management in a busy finance institution, preferably a General Insurer.

Core Technical competencies

• Must be a self-starter, highly organized, and able to work well with people at all levels in the organization
• Analytical and creative thinking skills
• Good customer relationship management skills (internal and external customers)
• Good communication skills, both written and verbal.
• Self-motivated but able to work as part of a team.
• Good organizational and time-management skills.
• Positive attitude, self-motivated, self-driven, and able to work with minimal supervision.

To apply please log in to UG’s website, www.ugi.mw | Closing date is 16th August 2024