Senior Finance Associate at Turaco
About the Role
Turaco is looking for a Senior Finance Associate with
excellent accounting and finance experience who will be responsible for running
the finances of our Kenya business on a day-to-day basis. This role is pivotal
in ensuring that Turaco can efficiently meet its business objectives. The
Senior Finance Associate will report to the Finance Lead/Senior Accountant.
The ideal candidate has an understanding of tax, statutory,
and insurance regulations in Kenya, an established relationship with KRA, and
an ability to manage day-to-day financial transactions of revenue and expense
tracking for the company.
Key Roles and Responsibilities:
Accounting and Finance
- Manage
expenses, including petty cash, wire transfers, payroll, expense
classifications, claims payments, and general AP
- Ensure
all payments are properly supported and duly authorized before
disbursement.
- Maintain
and keep an up-to-date Fixed Asset Register.
- Manage
partner revenue calculations, generate invoices, manage AR, and VAT
remittances
- Maintain
appropriate company documentation and compliance with regulatory and
tax-related requirements
- Maintain
the accounting software system and initiate periodic improvements
- Liaise
with external tax and audit firms for the creation of annual trial
balances, tax filings, audits, and implementing audit recommendations.
- Ensure
tax and statutory deductions are properly computed and remitted before the
due deadlines
- Support
the Finance Lead in the consolidation of financial statements, budget vs.
actual reporting, and other reports as required, providing commentary, and
ensuring accurate and timely presentation to management
- Oversee
all ledger and bank account reconciliations monthly
- Prepare
monthly balance sheet schedules and ensure all balances are adequately
supported
- Prepare
the monthly payroll journals and ensure statutory deductions are submitted
by the due dates
- Maintain
an organized, well-documented, and sequential filing system on Google
Drive.
Financial Policy and Planning Processes
- Help
to prepare the annual budget plan for all aspects of Turaco’s operations
so that it meets accounting compliance standards and the requirements of
other key stakeholders
- Prepare
accurate reports in line with Turaco’s reporting schedules
- Make
recommendations to improve processes and minimize discrepancies
- Help
to develop and implement policies and procedures to meet regulatory
requirements, and best practice approaches and provide ethical guidance
for the finance and accounting processes of Turaco
- Work
closely with the Finance Lead to maintain an accurate cash flow forecast
and ensure sufficient bank balances
- Support
the selection and migration to a more robust ERP system
External Stakeholder Management
- Maintain
existing relationships with key business partners (including banks,
auditors, actuaries, and regulatory bodies)
- Provide
information to external auditors and regulatory bodies for annual and ad
hoc audits
- Maintain
and update records of invoices, revenue, and costings (both expense
tracking and project-level expense classification)
- Regularly
conduct stakeholder analysis of customer expenses and revenues
Key Qualifications and Requirements
- Bachelor’s
degree in a finance discipline
- ACCA
or CPA Kenya professional qualifications
- At
least 2 to 3 years of Accounting and Finance experience in a busy
environment.
- Previous
experience working in a high-profile start-up or an Insurance Company.
- Experience
with QuickBooks Online preferred.
- Good
understanding and application of IFRS
- A keen
understanding of tax provisions in Kenya
- A builder,
someone who has taken part in building finance systems and controls
- Well-organized
with a demonstrated ability to perform filing and record-keeping tasks
- High
level of integrity and accountability
- Strong
communication and organizational skills
- Leadership
potential – desire and capacity to grow into leadership roles
- Strong
analytical and problem-solving skills
- Ability
to work well in a team and collaborate effectively with other departments
Our Company Culture
At Turaco, our culture is defined by our values: 1) Pushing
boundaries, 2) Working with excellence, and 3) Profound respect for the
individual. If these values resonate with you, we encourage you to apply!
Policy Administration Associate at Turaco
About Turaco
It is urgent to find a way to insure those who are not
currently insured. Turaco’s mission is to relieve people from the fear of
financial shocks. Our vision is to insure a billion people, effectively
doubling the global number of insured individuals.
Turaco is a rapidly growing financial services start-up in
Africa, introducing a new model for health and risk financing targeted at
emerging customers. We provide subscription-based insurance for the mass
market, bundled with everyday transactions that people are already engaging in.
We collaborate with business partners to deliver affordable insurance products
that truly enhance people’s lives. At Turaco, we prioritise simplicity,
communication, and transparency while striving to transform how insurance operates.
We are in the claims paying business.
Turaco values diversity and inclusion in the workplace.
We’re building a team where our differences enhance and strengthen us. We
strictly prohibit discrimination and harassment based on race, color, sex,
religion, sexual orientation, national origin, disability, genetic information,
pregnancy, or any other protected characteristic.
Since launching in February 2019, Turaco has attracted a
cumulative total of 3 million end users. We are experiencing rapid growth and
are looking for team members who can evolve alongside us. To learn more,
visit www.turaco.insure.
About the role
Policy administration is a key revenue driver for Turaco.
This role sits within the Insurance Operations Division and is responsible for
ensuring accurate customer policy management, generating and analyzing reports,
billing, and coordinating insurance administration processes. The position
requires strong attention to detail, analytical ability, and effective
stakeholder engagement to deliver efficient and compliant service.
Roles & Responsibilities
- Receive,
review, and validate customer data submitted by partners, ensuring
completeness and accuracy.
- Communicate
data discrepancies to partners through the Partnerships team and provide
timely support in resolving issues.
- Upload
validated policy data onto the internal CRM (TACO), maintaining data
integrity and compliance with turnaround times.
- Maintain
and update the Policy Administration Turnaround Time (TAT) tracker for
monthly reporting.
- Send
renewal notices to clients and advise on policy changes, where applicable.
- Generate
and analyze data for partners, underwriters, and internal management
reporting.
- Create
monthly billing reports, generate debit notes, and coordinate with the
Finance team for review, approval, and payment.
- Update
and maintain the Revenue Management tracker to ensure the accurate capture
of billed and collected premiums, commissions, and fees.
- Ensure
underwriters remit commissions and fees within agreed turnaround times.
- Design
and implement improved data analysis methods to strengthen insurance
operations reporting.
- Support
audits and compliance reviews by preparing accurate policy administration
and billing records.
- Address
client enquiries and feedback within the timelines stipulated in the
service charter and/or SLAs.
Key Qualifications:
- Live
Turaco’s values – Push boundaries, Work with excellence, and Profound
respect for the individual.
- Bachelor’s
degree in business, Marketing, Microinsurance, Entrepreneurship, or a
related field.
- Minimum
of 2 years’ experience in microinsurance or insurance operations, with
demonstrated expertise in policy administration/underwriting and
reporting.
- Advanced
proficiency in Microsoft Excel (mandatory), including use of formulas,
pivot tables, and data analysis tools.
- Strong
analytical and reporting skills.
- Excellent
attention to detail and organizational skills.
- Strong
communication and stakeholder management abilities.
- Strong
track record of working in a fast-paced environment.
- Familiarity
with insurance operations systems (CRM platforms) is an added advantage.
Our Company Culture
Our company values inform the culture we have built at
Turaco. Our work pushes boundaries, we appreciate the value of being excellent
at work, and have profound respect for the individual. If these words describe
you, join us!
Total Compensation & Benefits
Turaco provides a competitive salary that matches your
experience. Additionally, we offer a range of benefits, including stock options
and healthcare, all within a supportive company culture where you can thrive
and build strong relationships.