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Payables Accountant job at UAP Old Mutual Insurance | Apply Now
Are you looking for Accounting jobs in Uganda 2025 today? then you might be interested in Payables Accountant job at UAP Old Mutual Insurance
About the Organisation
UAP Old Mutual Life Assurance is a leading provider of life insurance and investment solutions in East Africa, committed to helping individuals and businesses protect their financial futures. With a strong reputation for trust and reliability, the company has earned widespread recognition for its customer-centric approach and innovative financial products. Known for fostering a collaborative, inclusive, and dynamic work culture, UAP Old Mutual Life Assurance offers its employees a chance to grow professionally while contributing to the organization’s purpose of improving the financial well-being of its customers.
With a rich history dating back to 1947, the company has evolved through key mergers and partnerships, including its acquisition by Old Mutual in 2015, to become a market leader in the region. UAP Old Mutual Life Assurance’s business model focuses on delivering accessible and innovative life insurance products tailored to meet the diverse needs of its clients. The company operates across multiple African countries, reaching a wide customer base and continuing to expand its footprint. Core values such as integrity, innovation, customer focus, and responsibility underpin the company's operations, while its commitment to corporate social responsibility (CSR) is reflected in initiatives supporting community development, financial literacy, and sustainability. For more information, visit www.uapoldmutual.co.ug.
Kampala, Uganda
Full Time
Job Title
Payables Accountant job at UAP Old Mutual Insurance
UAP Old Mutual Insurance
Job Description
Job Title: Payables Accountant (Fresher Jobs)
Organisation: UAP Old Mutual Insurance
Duty Station: Kampala, Uganda
To process payments related to the intermediaries e.g. agents on time. This includes override bonus, spot commissions, loan advances among others.
To process claims as per the agreed upon SLAs so as to meet customers’ expectations.
To process staff payments as per the laid down SLA i.e. express requests, staff loan, expense reimbursements, training, salary advances among others.
To process supplier payments, in time considering relevant approvals before the payments.
To process all regulatory payments including taxes and other regulatory payments on a timely basis before the deadline.
Processing and posting transactions in the system in a timely and accurate manner which is in accordance with IFRS.
Ensuring all advances/ imprest payments are correctly and fully accounted for with appropriate expenditure documents.
Checking the premium payment for all the claims reported on a daily basis to ensure no claims are processed with outstanding premiums.
To process statutory payments before set deadlines. i.e. Payroll deduction payments and premium levies.
Processing all service provider payments based on approvals as per the scheme of delegated authority and perform regular reconciliation of service providers’ statements.
On a monthly basis, prepare the commissions schedules, deductions and enhancements and ensure these are processed timely.
Process all related payment journals in accordance with the finance procedures.
To maintain a proper filing system for all payment related documents both electronically and manually in order ensure easy retrieval and document and information security
Prepare the prepayments and accruals schedules on a monthly basis as delegated by the payment accountant.
Duties, Roles and Responsibilities
Financial Management and Control
Monitor and analyze data using established finance systems and protocols.
Insights and Reporting
Extract and combine data to generate standard reports.
Information and Business Advice
Resolve complex queries from internal or external customers or suppliers by providing information on policies and/or procedures, referring the most complex issues to others.
Data Collection and Analysis
Collate and analyze data using preset tools, methods, and formats. Involves working independently.
Solutions Analysis
Find the most effective ways to respond to routine functional inquiries. Involves following procedures and precedents.
Project Management
Support others by carrying out a range of project management activities.
Financial Policies, Guidelines, and Protocols
Assist with the development and delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.
Operational Compliance
Develop knowledge and understanding of the organization’s policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.
Personal Capability Building
Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
A University degree in Business Administration or an equivalent with qualifications in ACCA/CPA or at-least pursuing ACCA/ CPA
Key Competences
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
To maintain an effective payment function to enable the Company to meet its customers’ expectations at optimal cost.
Skills
Accounts Payable Process, Business, Coaching, Data Analysis, Data Compilation, Data Query, Development Planning, Expenses, Finance, Financial Systems, Invoices, Payment Handling, Payroll Deductions, People Management, Planning Activities, Project Management, Project Management Activities, Regulations, Reimbursement, SLAs, Standard Reports, Statutory Payments, Taxes
Competencies
Business Insight
Communicates Effectively
Decision Quality
Ensures Accountability
Financial Acumen
Manages Complexity
Optimizes Work Processes
Plans and Aligns
Education
Honours Degree (Hons): Business Administration (Required)
How to Apply
All candidates should apply online at the APPLY Button below
Deadline: 8th June 2025 by 23:59
