Summary

Own the accounting function for the broking businesses: insurance broking accounts (IBA), client money and premium handling, insurer/reinsurer reconciliations, statutory and regulatory reporting, and management accounts that give the CEOs and Boards reliable, timely numbers.

Responsibilities

 

Broking Accounts (IBA)

• Maintain client and insurer/reinsurer ledgers; process premium bookings, brokerage recognition, endorsements, and return premiums accurately.
• Manage premium collection and allocation, statements of account, and timely settlement/remittance to insurers and reinsurers — including foreign currency remittances and supporting documentation for regulatory approval.
• Perform monthly reconciliations of client money/premium accounts, insurer/reinsurer balances, and bank accounts; investigate and clear aged items.
• Support credit control: ageing analysis, follow-up schedules, and escalation of overdue balances.

Financial & Regulatory Reporting

• Prepare monthly management accounts, cash-flow forecasts and budget-vs-actual analysis for both companies.
• Prepare TIRA statutory returns and other regulatory filings accurately and on time; support TRA compliance (VAT, WHT, corporate tax, payroll statutory deductions).
• Prepare year-end financial statements under IFRS and manage the external audit process.

Controls & Systems

• Maintain robust internal controls over client money, payments and payroll; document accounting procedures.
• Improve accounting systems and automation; safeguard data integrity between broking production records and the general ledger.

Education and Qualifications

 

Must-have

• CPA (T), ACCA or equivalent professional accounting qualification
• 5+ years accounting experience, including 2+ years in an insurance or reinsurance broking environment (IBA / client money / premium accounting)
• Working knowledge of IFRS, Tanzanian tax compliance (TRA), and TIRA reporting requirements for brokers
• Strong Excel skills and experience with accounting software
• High integrity and discretion; ability to work across two related companies

Preferred

• Experience with multi-currency accounting and foreign premium remittances
• Experience preparing Board-level financial reporting
• Familiarity with broking/underwriting systems and bordereaux data

 

Characteristics

• Accuracy and reconciliation discipline
• Deadline reliability under month-end pressure
• Confidentiality and ethical judgement
• Process-improvement mindset

 

Reporting To

Chief Executive Officer