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Senior Accountant — Reporting Job at MUA Insurance (Uganda) Limited
MUA Insurance (Uganda) Limited
Job Description
The Senior Accountant — Reporting is responsible for ensuring accurate, timely, and compliant financial reporting under IFRS 17. The role supports the preparation and integrity of financial statements, ensures correct application of accounting standards, and strengthens reporting discipline across the organisation.
Duties, Roles and Responsibilities
- Prepare and support IFRS 17 financial reports, schedules, and disclosures in line with accounting standards, regulatory requirements, and Group reporting timelines.
- Ensure consistent and accurate application of IFRS 17 accounting principles, including proper documentation of accounting treatments and policies.
- Perform reconciliations between actuarial outputs, finance records, and general ledger balances, ensuring timely identification and resolution of variances.
- Support month-end and year-end reporting processes, ensuring completeness, accuracy, and compliance with reporting standards.
- Provide analysis of financial performance against set targets, highlighting key trends, variances, and insights.
- Support internal and external audit processes by preparing working papers, documentation, and timely responses to audit queries.
- Ensure all reporting outputs are audit-ready, with clear supporting documentation and reconciliation trails.
- Collaborate with actuarial, finance, and systems teams to ensure accuracy, completeness, and alignment of reporting data.
- Support maintenance and improvement of IFRS 17 reporting systems, templates, and processes to enhance efficiency and accuracy.
- Contribute to strengthening reporting discipline, internal controls, and compliance with financial policies and procedures.
- Provide supervisory oversight over the reinsurance accounting and reporting processes.
- Preparation of monthly, quarterly, and annual reports on reinsurance transactions, including reinsurance recoverable and liabilities.
- Analysis of reinsurance data to ensure accuracy and identify discrepancies.
- Support the preparation of financial statements by ensuring that reinsurance-related balances are properly reflected.
- Process and record reinsurance premiums, claims, and commission transactions.
- Ensure proper allocation of reinsurance premium payments and claim recoveries.
- Preparation of reinsurance premium and claims statements for reinsurance partners.
- Reconciliation of reinsurance balances with reinsurers and within the general ledger.
- Ensure the timely settlement of payments to reinsurers.
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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