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About the Organisation
Senior Accountant job at CIC General Insurance (U) Ltd | Apply Now
Kampala, Uganda
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.
Are you looking for Accounting jobs in Uganda 2025 today? then you might be interested in Senior Accountant job at CIC General Insurance (U) Ltd
Full Time
Deadline:
18 Jul 2025
Job Title
Senior Accountant job at CIC General Insurance (U) Ltd
CIC General Insurance (U) Ltd
Job Description
Job Opportunity: Senior Accountant
Company: CIC General Insurance (U) Ltd
Location: Kampala, Uganda
Number of Positions: 1
About the Role:
CIC General Insurance (U) Ltd is seeking a highly qualified and experienced Senior Accountant to manage and oversee the IFRS 17 reporting process, ensuring data integrity, compliance, and timely financial disclosures. The ideal candidate will play a critical role in preparing financial and board reports, supporting regulatory submissions, and ensuring robust internal controls and cost management.
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
Interested candidates should submit a single PDF document containing:
A detailed application letter
Updated CV
Copies of academic and professional certificates
Send applications to careers@ug.cicinsurancegroup.com
Deadline: 18th July 2025
Only shortlisted candidates will be contacted.
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How to Apply
IFRS 17 Compliance & Financial Reporting
Prepare and validate monthly IFRS 17 financial data in coordination with the actuarial team.
Compile IFRS 17-compliant statutory and management financial reports.
Prepare and submit Risk-Based Supervision (RBS) returns in line with IFRS 17 standards.
Regulatory & Statutory Compliance
Review the accuracy of regulatory and statutory returns on a monthly, quarterly, and annual basis.
Ensure investment compliance with the company’s investment policy and the Insurance Act.
Maintain and reconcile the company’s asset register with financial statements.
Internal Controls & Audit Coordination
Evaluate the effectiveness of financial and operational controls; recommend improvements.
Coordinate internal and external audits and ensure implementation of audit recommendations.
Budgeting & Financial Planning
Lead the preparation of the annual budget; analyze and report variances monthly.
Monitor and manage expenses to achieve a minimum of 10% cost savings and maintain an expense ratio not exceeding 40%.
Credit Management & Debt Recovery
Develop and enforce credit management strategies and policies.
Convene and implement recommendations of the credit control committee.
Monitor premium collections and bad debt provisions; present debtor reports to management.
Set and manage cash collection targets to maintain strong cash flow.
Management Reporting & Board Support
Review management and financial reports; support the preparation of board papers monthly and quarterly.
Stakeholder Engagement
Liaise with key external stakeholders including banks, Uganda Revenue Authority (URA), and the Insurance Regulatory Authority (IRA).
General Duties
Approve payments and ensure correct cost center allocations.
Supervise, coach, and appraise team members.
Participate in departmental planning, budgeting, and cross-functional committees.
Oversee staffing, resource allocation, and leave management.
Carry out any other duties assigned by management.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Academic Qualifications:
Bachelor’s degree in Accounting, Finance, or Business Administration (with a major in Accounting).
A Master’s degree is an added advantage.
Professional Certification:
ACCA or CPA certification is mandatory.
Experience:
Minimum of 5 years of relevant experience, with at least 2 years at a supervisory level.
Key Skills & Competencies:
Technical & Professional Skills:
Deep understanding of IFRS 17 and financial reporting frameworks
Strategic and analytical thinking
Proficiency in budgeting, forecasting, and cost control
Strong negotiation and communication abilities
Solid stakeholder and relationship management
Behavioral Competencies:
Effective leadership and people management
Coaching and mentoring skills
High commercial awareness
Ability to collaborate across departments
Confidence to provide constructive feedback and challenge decisions
Strong interpersonal and teamwork skills
