About Alliance Life Assurance Limited

Operating in Tanzania's competitive insurance scene, Alliance Life Assurance Limited (ALAL) is a dynamic and well respected life insurance firm. Our extensive selection of insurance products meant to enhance the financial security and peace of mind of people and businesses alike reflects our strong emphasis on innovation, integrity, and client-centered solutions.

By providing customized financial protection solutions via excellence in service delivery and strategic alliances, our goal is to be a market leader in the life insurance sector. Inviting applications from seasoned and very driven individuals to join our Finance Department is part of our ongoing development and dedication to operational excellence.

JOB TITLE: ACCOUNTANT

Position Summary

Our Finance team is searching for an experienced, dependable, meticulous Accountant to join us. This position is essential for correct financial management, regulatory compliance, and prompt financial reporting. Key member of the finance team, the Accountant will oversee fundamental financial activities, guide young employees, and assist the department's strategic direction.

For someone wishing to advance their career in the insurance sector and operate in a team-oriented environment that supports leadership, ongoing education, and performance excellence, this is a great chance.

Key Responsibilities

The core duties and responsibilities include but are not limited to the following:

1. Financial Reporting

• Compile, examine, and show yearly, quarterly, and monthly financial reports.

• Make sure financial records follow internal corporate policies, TIRA, TRA, IFRS, IAS, and complete compliance.

• Assist senior management in strategic decision-making by means of insights obtained from financial data.

2. Reconciliation & Financial Accuracy

• Oversee and carry out monthly bank reconciliations.

• Compare EFD receipts and financial figures to the corporate ledger.

• To preserve financial correctness, look into and fix differences right away.

3. Compliance & Audit

• Help with planning for both internal and outside audits, including query responses, document submissions, and timetable development.

• Guarantee tax legislation and IFRS 17 compliance.

• Keep prepared for regulatory inspections and assist execution of audit suggestions.

4. Fixed Assets & Inventory

• Keep the Fixed Asset Register current and maintained.

• Supervise disposals following internal controls and approval procedures and manage depreciation schedules.

5. Debtors & Creditors Management

• Supervise prompt processing of collections and payments under business policy and contractual agreements.

• Before payment processing, check all vendor documentation—LPOs, Delivery Notes, Invoices.

• Prepare checks and start prompt vendor payments.

6. Receipting & Banking

• Guarantee correct general ledger posting and all payment receipting.

• Watch bank accounts for incoming telegraphic transfers and verify correct transaction postings.

• Guarantee prompt reconciliations and daily banking of all receipts.

7. Team Supervision & Mentorship

• Oversee and guide accounting interns and junior staff members.

• Performing performance reviews and assisting professional development projects by means of training and coaching.

8. Industry Knowledge & Updates

• Keep informed of developments in insurance laws, tax, and accounting policies.
  Advise management on changes in regulations and their possible financial consequences.

Qualifications & Experience

Applicants for this position should fulfill the following requirements:
Bachelor's Degree in Accounting, Finance, Actuarial Science, or a similar discipline.
Certification in CPA (T) or ACCA is required.
A Master's degree in Accounting or Finance is a bonus.
At least two years in a financial reporting position among five years of progressive accounting experience.
Experience in the insurance or financial services area is quite preferred.
Thorough understanding of insurance accounting systems and IFRS, especially IFRS 17.
Strong knowledge of Microsoft Office Suite (Word, Excel, PowerPoint) and accounting applications.
Outstanding analytical, organizational, and problem-solving abilities.
Detail-oriented strong interpersonal and communication skills.

Workplace Diversity & Inclusion

Alliance Life Assurance Limited is an equal opportunity company. We are dedicated to creating an inclusive workplace that respects variety and advances equitable opportunity for everyone. Upon request, reasonable accommodations will be provided for qualifying applicants or employees with disabilities.

How to Apply

If you meet the qualifications and are excited about this opportunity, please send your application letter and detailed resume to:

📧 Email: [email protected]
📝 POSITION REFERENCE: Accountant

Applications will be evaluated only if they are emailed with the appropriate subject line. Applications are due 30 April 2025. Those on the shortlist will be reached for interviews.

Work with one of Tanzania's reliable life insurance companies to shape your career. Come work with us at Alliance Life Assurance Limited; your knowledge and dedication will enable thousands of Tanzanians to design a financially stable future.