Fund Accountant

Jubilee Life Insurance Limited is hiring a Fund Accountant to maintain accurate and timely accounting records for pension schemes under administration. Based at the Head Office in Nairobi, the role supports the processing, reconciliation and reporting of contributions, benefits, transfers, investments, income, expenses and other fund movements.

Key Job Information

• Position: Fund Accountant
• Company: Jubilee Life Insurance Limited
• Location: Nairobi, Kenya
• Job Reference: JLIL 433
• Reporting To: Senior Manager – Pension Operations

About Jubilee Group

Jubilee Group was established in August 1937 as the first locally incorporated insurance company based in Mombasa. The Group operates across East Africa and handles Life, Pensions, Asset Management and Medical Insurance.

Jubilee Group has offices in Kenya, Uganda, Tanzania and Burundi and is listed on the Nairobi Securities Exchange, Dar es Salaam Stock Exchange and Uganda Securities Exchange. The Fund Accountant opportunity is within Jubilee Life Insurance Limited.

About the Role

The Fund Accountant will be responsible for maintaining the financial integrity of pension scheme funds by ensuring that transactions and accounting records are accurate, complete and properly reconciled. The role works closely with Pension Administration, Investments, Finance and other stakeholders to support reliable financial information and service delivery to trustees, members and other stakeholders.

Key Responsibilities

• Maintain accurate accounting records for pension schemes, including contributions, benefits, transfers, investments, income and expenses.
• Process and account for scheme contributions, benefit payments, transfers and investment transactions.
• Prepare scheme-level journals, accounting adjustments, trial balances and unaudited quarterly management accounts.
• Monitor scheme assets, liabilities, income and expenditure and investigate unusual or unexplained movements.
• Validate contribution schedules, receipts, benefit instructions and other financial transactions.
• Reconcile member, administration, accounting and bank records and support the resolution of discrepancies.
• Prepare periodic scheme financial reports, schedules, working papers and information on material scheme transactions.
• Analyse financial movements and variances and provide explanations for significant changes.
• Perform bank, contribution, benefit, transfer and investment reconciliations and resolve suspense balances and unallocated items.
• Ensure journals, adjustments and transactions are properly supported, reviewed and authorized.
• Support the preparation of scheme financial statements, trustee reports, management information and regulatory submissions.
• Support internal and external audits by providing accurate schedules, records and responses to audit queries.
• Identify control weaknesses and financial, operational and regulatory risks and support corrective actions.
• Identify opportunities to automate and improve fund accounting, reconciliation and reporting processes.
• Participate in system enhancements, user acceptance testing and implementation of fund accounting and pension administration systems.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, Commerce, Actuarial Science, Economics, Business Administration or a relevant field.
• CPA, ACCA or an equivalent professional accounting qualification.
• Knowledge of the Kenyan retirement benefits regulatory environment and Retirement Benefits Authority (RBA) requirements.
• Proficiency in Microsoft Excel and accounting or ERP systems.
• Membership of a relevant professional body, where applicable.

Preferred Qualifications

• Relevant qualifications or progression in pensions, investment management or retirement benefits will be an added advantage.
• Experience with pension administration or fund accounting systems will be an advantage.

Key Competencies

• Attention to Detail: Maintains accuracy when processing, reviewing and reconciling financial and member-related transactions.
• Analytical Thinking: Analyses financial movements and investigates variances and discrepancies.
• Accountability: Takes ownership of assigned schemes and follows financial matters through to resolution.
• Problem Solving: Develops practical solutions to reconciliation breaks, accounting discrepancies and operational challenges.
• Collaboration: Works effectively with Pension Administration, Investments, Finance, Treasury and other stakeholders.
• Customer Orientation: Maintains a strong service focus for members, employers, trustees and other stakeholders.
• Integrity and Confidentiality: Protects scheme assets, member information and sensitive financial information.
• Planning and Organization: Manages multiple schemes, reporting deadlines and competing priorities effectively.
• Communication: Explains financial information, discrepancies and technical matters clearly.
• Continuous Improvement: Identifies opportunities to improve processes, controls, reporting and efficiency.

How to Apply

Qualified candidates interested in Fund Accountant jobs at Jubilee Life Insurance Limited should submit their application via [email protected]. Applicants should quote the Job Reference Number JLIL 433 and the position title, Fund Accountant.

Applications should be submitted by 23rd September 2026. Only shortlisted candidates will be contacted.