Britam Uganda is hiring a Chief Accountant responsible for sound Financial Accounting, Reporting, Robust Internal Control Environment and Regulatory Compliance. Areas of responsibility include Accounts payable & Disbursement, Reinsurance Accounting, Tax filing & Payment, Receipting of all company collections, Medical Accounting & Reconciliation, Intercompany, Fixed Assets accounting, Bank & General Ledger reconciliations.

Key Responsibilities

• Collaborate with Corporate segment lead to ensure strong controls and manage financial risks as well timely financial planning and reporting for GI products
• Support Financial analysis and reporting for all GI products and communicate financial results in an accurate and timely manner
• Build strong financial controls for all business process to minimize risks and meet legal and audit requirements
• Manage, direct, and develop performance of the Financial Operations Team and Medical Accounting Associates.
• Review and approve payments in ERP and any other relevant system including; Medical, Claims, Reinsurance and other service providers,
• Review and approve reinsurance reconciliations and payments including; Facultative, Treaty and Excess of Loss.
• Review and approve tax returns and payments in line with the URA tax requirements including; Excise duty, VAT, WHT, PAYE, Stamp duty and Corporation tax.
• Review and approve Fund Management reconciliations.
• Review and sign off Hospital reconciliations below Ugx.10 million.
• Ensure funds received are receipted and allocated accordingly including; premiums, salvages, claim excess, medical cards, motor certificates, assets disposals and reinsurance recoveries.
• Review Fixed Assets register and movement schedule and ensure month end activities including; disposals, additions, depreciation/amortization and revaluation are performed.
• Compliance with the Insurance Act and Regulations ensure that all IRA and other Regulatory Authorities related compliance guidelines are adhered to.
• Preparation of the annual accounts and financial statements in compliance with the Insurance act.
• Liaising with External Auditors during Interim & final Audits by ensuring that all the schedules are prepared and submitted on a timely basis. Coordinate the implementation of Internal and External Audit issues within the agreed timelines.
• Review monthly Intercompany reconciliation and ensure collection and payments where necessary with the relevant Subsidiaries.
• Review and approve monthly Bank and other General Ledger reconciliations.
• Maintain and strengthen internal controls over financial reporting.
• Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure IFRS compliance.
• Ad hoc reports as may be required from time to time.
• Delegated Authority: As per the approved Delegated Authority Matrix Uganda’s companies act and IFRS in liaison with the various support teams.
• Provide training, coaching and guidance to staff appropriately to facilitate personal growth.

Key Performance Measures

• Timely Financial Reporting
• Cost savings on budget
• Reconciliation preparation and review
• Implementation of all audit recommendations

Knowledge, Experience And Qualifications Required

• Bachelor’s degree in a business-related field
• MBA will be an added advantage
• CPA (U) or equivalent Qualification
• Five (5) years’ experience in a similar position desirable

Technical/ Functional competencies

• Knowledge of insurance regulatory requirements
• Sales and marketing management skills

• Collaborate with Corporate segment lead to ensure strong controls and manage financial risks as well timely financial planning and reporting for GI products
• Support Financial analysis and reporting for all GI products and communicate financial results in an accurate and timely manner
• Build strong financial controls for all business process to minimize risks and meet legal and audit requirements
• Manage, direct, and develop performance of the Financial Operations Team and Medical Accounting Associates.
• Review and approve payments in ERP and any other relevant system including; Medical, Claims, Reinsurance and other service providers,
• Review and approve reinsurance reconciliations and payments including; Facultative, Treaty and Excess of Loss.
• Review and approve tax returns and payments in line with the URA tax requirements including; Excise duty, VAT, WHT, PAYE, Stamp duty and Corporation tax.
• Review and approve Fund Management reconciliations.
• Review and sign off Hospital reconciliations below Ugx.10 million.
• Ensure funds received are receipted and allocated accordingly including; premiums, salvages, claim excess, medical cards, motor certificates, assets disposals and reinsurance recoveries.
• Review Fixed Assets register and movement schedule and ensure month end activities including; disposals, additions, depreciation/amortization and revaluation are performed.
• Compliance with the Insurance Act and Regulations ensure that all IRA and other Regulatory Authorities related compliance guidelines are adhered to.
• Preparation of the annual accounts and financial statements in compliance with the Insurance act.
• Liaising with External Auditors during Interim & final Audits by ensuring that all the schedules are prepared and submitted on a timely basis. Coordinate the implementation of Internal and External Audit issues within the agreed timelines.
• Review monthly Intercompany reconciliation and ensure collection and payments where necessary with the relevant Subsidiaries.
• Review and approve monthly Bank and other General Ledger reconciliations.
• Maintain and strengthen internal controls over financial reporting.
• Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure IFRS compliance.
• Ad hoc reports as may be required from time to time.
• Delegated Authority: As per the approved Delegated Authority Matrix Uganda’s companies act and IFRS in liaison with the various support teams.
• Provide training, coaching and guidance to staff appropriately to facilitate personal growth.

• Knowledge of insurance regulatory requirements
• Sales and marketing management skills

• Bachelor’s degree in a business-related field
• MBA will be an added advantage
• CPA (U) or equivalent Qualification