2 No Experience Account Reconciliation Officer Jobs – UAP Old Mutual Life Assurance Uganda Limited

Organization: UAP
Old Mutual Life Assurance Uganda Limited
Duty Station: Kampala, Uganda
Reports to:
Treasury Accountant
About US:
UAP Old Mutual Life
Assurance Uganda Limited is a subsidiary of the UAP Old Mutual Group which
comprises of three key players as a result of the acquisition of a controlling
stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The Group now offers
customers a comprehensive and enhanced range of financial services which
include Investment, Insurance, Banking and Savings as well as a wider and more
accessible distribution network. The wider group also offers broad career
prospects for employees. It therefore wishes to fill the vacant positions with
qualified, experienced and talented individuals to strengthen its portfolio as
a Pan – African Financial Services Group.
Job Summary:   The Account Reconciliation Officer will
maintain an effective payment function to enable the organization meet its
customers’ expectations at optimal cost.
Key Duties and Responsibilities: 
Prepare company
reconciliations by providing accountability on;
  • Monthly bank reconciliations
  • Daily control account reconciliations
  • Daily petty cash accountability and reconciliation
  • Review of end of day cash collection journals and tying the
    collections to the receipt summary
  • Reconciling the tenant accounts to match the invoicing schedules
To monitor company
Cash and bank through;
  • Provision of daily bank statements and cash flows to the finance
    team
  • Preparation of journal entries to transfer of funds between accountants and when the need arises
  • Negotiation of foreign exchange rates with the banks to enable the processing of transactions in
    foreign currency
Liaise with the
respective banks to ensure a good relationship is maintained;
  • Meeting all the compliance requirements by the banks and forming a
    good relationship with the bankers’ relationship teams.
  • Preparation of journal entries to transfer funds for investment.
To coordinate
Rent/Premium collections and payments by;
  • Invoicing tenants before the invoicing period falls due
  • Maintenance of tenants’ rental agreements are on file
  • Advising the cashiers on the daily rental collections
  • Advising the cashiers on the daily premium collections
  • Ensuring that the tenants receive their receipts
Any other duties
assigned from time to time including;
  • Assisting the payables team with online transactional issues as they
    arise.
  • Providing support to the cashiers by making sure they receipt the
    right amount and minimize any errors that could arise
  • Maintaining a good relationship between UAP-OM and Banks
  • Support the treasury accountant when the need arises and offer
    suitable solutions in the event an issue arises.
  • Support the finance team during audits and compliance checks
Key Outputs:
  • To prepare company reconciliations and provide accountability.
  • To monitor company Cash and bank by producing statements on cash
    flows.
  • To coordinate Rent/Premium collections and payments in a timely
    fashion.


Qualifications, Skills and Experience: 
  • The applicant must hold a University degree in Business
    Administration or an equivalent with qualifications in ACCA/CPA.
  • Good time management skills
  • Assertiveness and self-drive
  • Honesty, reliability and dependability
  • Independence
  • Good interpersonal skills
  • Sound analytical skills.
  • Good communication skills
  • Speed and accuracy
  • Good administrative and supervisory skills
  • Ability to work under pressure and manage time efficiently
  • Ability to solve problems and make decisions effective
  • Team player
  • Ability to uphold professional confidentiality
  • Professional skepticism i.e. never to assume detail.
How to Apply:
 All suitably qualified and interested
candidates to send their applications and updated CVs to
recruitmentuic@uap-group.com
Deadline: 15th June 2018
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