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Reinsurance and Credit Control Accountant job at CIC Africa Life Assurance Ltd | Apply Now
Kampala, Uganda
Full Time
Are you looking for Finance jobs in Uganda 2025 today? then you might be interested in Reinsurance and Credit Control Accountant job at CIC Africa Life Assurance Ltd
CIC Africa Life Assurance Ltd is a leading life insurance company in East Africa, with a mission to provide innovative and comprehensive life insurance solutions that meet the financial security needs of individuals, families, and businesses. Established as a subsidiary of the CIC Insurance Group, the company has earned a strong reputation for its customer-centric approach and commitment to delivering reliable and accessible insurance products. Known for fostering a positive and dynamic work culture, CIC Africa Life Assurance values employee growth, offering professional development opportunities and a supportive work environment that promotes work-life balance and career advancement.
The company provides job opportunities in various areas, including underwriting, claims, and customer service, with flexible work arrangements to cater to diverse employee needs. Since its founding, CIC Africa Life Assurance has grown its presence across East Africa, evolving with market demands and incorporating cutting-edge technology to enhance its service delivery and product offerings.
The company’s business model focuses on offering tailored life insurance plans that cater to the unique needs of its diverse client base, ensuring sustainable growth and long-term financial protection. With a solid presence in multiple countries, CIC Africa Life Assurance is guided by core values of integrity, professionalism, and innovation, ensuring the delivery of value-driven services. The company is also committed to corporate social responsibility, supporting various community development initiatives that promote financial literacy, health, and education. For more information, visit www.cicafrica.com.
Reinsurance and Credit Control Accountant job at CIC Africa Life Assurance Ltd
CIC Africa Life Assurance Ltd
Job Title: Reinsurance and Credit Control Accountant
Organisation: CIC Africa Life Assurance
Duty Station: Kampala, Uganda
To accelerate net cash inflow for investment purposes. To ensure that direct and reinsurance debt is maintained at its minimal. To ensure that there is strict adherence to the credit policy and full compliance with the regulations set by the Insurance Regulatory Authority of Uganda.
Compile data and process reinsurance returns on a quarterly basis
Carry out timely reconciliations with all reinsurers and reinsurance brokers to ensure the timely settlement of reinsurance premiums.
Coordinate with the claims department to ensure prompt notification and follow-up on claims submitted to treaty and facultative reinsurers, thereby facilitating the timely settlement of claim recoveries.
Prepare timely and accurate quarterly reinsurance reconciliation statements
Prepare accurate annual reinsurance returns, including portfolio transfers, withdrawals, and adjustments.
Monthly review/audit of system reinsurance transactions for accuracy and completeness.
Client/Intermediary statement reconciliations by ensuring proper receipt allocation/advising the cashier on proper allocations on different endorsements
Preparation of monthly statements for clients and intermediaries, in collaboration with the underwriting and claims teams, for follow-up collections.
Providing oversight of the process payments to intermediaries for approval.
Supervising the cashier and credit control offers to ensure that correct receipting is done.
Trigger follow-ups on commitments made in approved payment plans.
Prepare reports on debt collection from lawyers and other debt collectors;
Reverses bounced cheques and contacts the clients for replacements as and when it arises, and provides a monthly report.
Check remittances (RTGS, EFT, IPFs) and facilitate receipting within 2 days, and monitor daily receipting and banking of all premiums received.
Monitor daily receipting and banking of all premiums received
Sticker and COMESA card reconciliations
Any other duties assigned by management in line with the task.
Monthly responsibilities:
Sharing statements with clients and intermediaries.
Reconciling the above statements and obtaining sign-off by the intermediaries and reinsurers
Ensuring all premiums are receipted within 30 days
Ensure allocations are shared with the cashier on the last day of the month for receipting before the period is closed.
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SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Bachelor’s Degree in Statistics, Actuarial, Finance, Accounting, Business or in a related field from a recognized institution
A master’s Degree in a business-related field is an added advantage.
Professional Qualifications and Membership:
CPA (U), or ACCA, is a must
Experience:
Minimum of three (3) years’ relevant experience in a similar position
Skills and Attributes:
Excellent communication and presentation skills
Problem-solving skills
Excellent interpersonal skills
Planning and Organising Skills
Knowledge of the Insurance Industry and Regulatory Framework
Good analytical skills
Computer literate in MS Office and other office applications
Knowledge of Business Environment
Submit your application, CV, and copies of your professional and academic certificates as a single document to careers@ug.cicinsurancegroup.com
Deadline: 4th July 2025
NB: Please note that only shortlisted candidates will be contacted.
