Accountant at Alliance Life Assurance Limited April 2025

Career opportunity at Alliance Life Assurance Limited

• Job title: Accountant
• Department: Finance
• Job Type: Full-time
• Location: Dar es Salaam
• Reports to: Chief Accountant

Job summary
The accountant plays a key role in the Finance Department by handling
financial transactions, generating financial reports, maintaining
accurate records, ensuring regulatory compliance, and supporting
strategic financial decision-making. Additionally, the Accountant
provides guidance to junior staff in the department and ensures
efficiency in financial operations.

Main tasks
The
essential functions of the role, which may be subject to change at any
time as the business requirements dictate, are as per the below list.
Further, management may assign new duties, reassign existing duties, or
eliminate/alter a function.

• Financial
  reporting: Prepare, analyze, and submit monthly, quarterly, and annual
  financial statements to The Accountant for approval before submitting to
  regulatory authorities in compliance with TIRA, TRA, IFRS, and IAS
  requirements within the required deadlines. All financial transactions
  must be accurately recorded.
• Reconciliation: Ensure and
  supervise monthly bank reconciliations and reconciliations to EFD
  receipts to ensure accuracy and completeness. Investigate and resolve
  any discrepancies in a timely manner. Review financial statements
  against the company’s ledger and follow up on outstanding balances to
  maintain accurate financial records.
• Audit & compliance
  support: Assist in internal and external audits by preparing financial
  schedules, responding to audit queries, and providing supporting
  documentation. Ensure adherence to tax regulations, IFRS 17, and
  insurance industry financial reporting standards.
• Fixed assets
  & inventory management: Maintain and reconcile the Fixed Asset
  Register, ensuring proper recording, depreciation, and disposal of
  company assets (after obtaining the necessary approvals).
• Debtors
  & creditors management: Ensure effective debtors and creditors
  management to ensure payments are made in terms of valid contracts and
  funds due to the company are collected timely in line with the company
  policies and procedures. Verify payment requests, ensuring all
  supporting documents (Local Purchase Orders, Delivery Notes, and
  Invoices) are in place before processing payments. Prepare cheques and
  ensure timely vendor disbursements.
• Supervision & team
  development: Provide mentorship to junior accounting staff and interns,
  review their work, and ensure accuracy and compliance with company
  policies. Conduct performance evaluations, set performance goals, and
  facilitate training sessions to enhance their professional development.
• Regulatory
  compliance & industry updates: Keep abreast and proficient with
  updates on changes in accounting principles, taxation laws, and
  insurance regulations, ensuring company compliance.
• Receipting
  & banking: Ensure timely receipting of payments, accurate recording
  in the general ledger, and prompt banking of received amounts. Monitor
  bank accounts for telegraphic transfers and ensure correct posting.

Education, specialized training, and experience

• Bachelor’s degree in Actuarial Science, Accounting, Finance, or a related field.
• Certified Public Accountant CPA (T) or ACCA is mandatory.
• Master’s degree in Accounting or Finance is an added advantage.
• Minimum of 5 years of accounting experience, auditing, with at least 2 years in financial reporting.
• Experience in the insurance industry is an added advantage.
• Strong knowledge of IFRS, insurance accounting principles, insurance terminology, and regulatory compliance.
• Proficiency in Microsoft Office applications, PowerPoint, accounting software, digital portals, etc.
• Strong analytical, presentation, problem-solving, and decision-making skills.

General
Alliance Life Assurance Ltd (ALAL) promotes an equal opportunity
workplace, which includes reasonable accommodations of otherwise
qualified disabled applicants and employees. Please contact Human
Resources with questions regarding the physical demands of this
position.

How to Apply:
This is Full-time Job, If you meet the qualifications and are interested in this position, please submit your resume to hr@alliancelife.co.tz with the Subject – Accountant.
The deadline for applications is 30th April 2025.
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