The Accountant - Receivables will be responsible for managing accounts receivable functions, ensuring timely and accurate daily premium and non-premium payment receipting, matching, and allocation across policyholder accounts and the general ledger. The role plays a key part in maintaining internal financial controls, record keeping, and supporting audit readiness.
Key Responsibilities
Premium Receipting and Allocation
Receive and review all incoming premium payment notifications from banking systems, mobile money platforms, and cheque deposits on a daily basis.
Match each payment to the correct policyholder account and specific policy number, ensuring no premium is left unallocated at the end of each working day.
Follow up with operations and banking partners on unidentified receipts.
Assist in preparing schedules for premium income, staff advances & loans, annuity loans, and fixed assets for monthly and annual management accounts.
Investment / Other Income Receipting and Allocation
Receive and allocate non-premium receipts including staff salary advance repayments, ensuring deductions/repayments match employee records and HR-approved schedules.
Allocate investment income receipts (dividend payments, bond coupon receipts, rental income) to correct general ledger investment accounts upon confirmation from Investment/Treasury teams.
Process and allocate miscellaneous receipts (supplier refunds, proceeds from asset disposals, inter-company transfers) in line with the Chart of Accounts.
Maintain a clear and auditable allocation schedule for non-premium receipts with supporting documentation.
Record Keeping & Compliance
Maintain organized, audit-ready records of all allocation entries, payment advices, bank notifications, and correspondence.
Comply with internal controls, financial policies, and regulatory requirements relating to premium collection and allocation.
Support internal and external auditors by providing allocation schedules, supporting documents, and clarifications.
Qualifications and Experience
Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
Professional Certification: CPA (Part II) or equivalent qualification is an added advantage.
Experience: Minimum 2 years of experience in an accounts receivable, finance, or accounting role, preferably within insurance or financial services.
Hands-on experience using an accounting or insurance administration system.
Strong understanding of double-entry bookkeeping and debtor management.
High attention to detail, numerical accuracy, and good communication skills.
How to Apply
Interested and qualified candidates can apply online by visiting the application portal at APA Life Assurance Company Ltd.
