Job Title: Accounts Reconciliation Assistant – Old Mutual Uganda Jobs 2022

Organization: Old Mutual Uganda

Job Location: Kampala, Uganda



Old Mutual Profile:

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.

Our Group was established in Cape Town in 1845 as South Africa’s first mutual life insurance company, offering financial security in uncertain times.

Our purpose is to help our customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society. In this way, we significantly contribute to improving the lives of our customers and their communities while ensuring a sustainable future for our business.

We now employ more than 30 000 people and operate in 14 countries across two regions Africa (South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Nigeria, Ghana, Uganda, Rwanda, South Sudan and eSwatini) and Asia (China)



Job Summary:

To maintain an effective and efficient premium and other bank transactions allocation function to enable the organization meet its customers’ expectations at optimal cost

Roles and responsibilities:

  • To allocate premium transactions onto the respective customer accounts/policies.
  • To review suspense reports and engage bank relationship officers to share transaction details for proper allocation.
  • To make allocation of payments (Claims and commission) to the respective contract IDs for reporting purposes.
  • Upload bank statements for all Thought Express banks into the system daily and ensure completeness of all transactions.
  • Perform daily bank statement allocations for all payments received and payments made.
  • Allocate and upload the check off response files received from employers onto specific customer policies.
  • Allocate and upload direct debit rejection files onto specific customer policies daily.
  • Reconcile pay points control account position on a daily basis.
  • Receive and review customer queries in line with receipting and policy reconciliation for timely resolution.
  • Monitor the unallocated monies control ledger and engage banks where extra transaction information is required daily.
  • Reconcile thought express treasury control accounts weekly to ensure the available balances are fully supported.
  • Coordinate with the bancassurance officers to ensure that all premiums received have been fully allocated.



Minimum Qualifications:


  • Account Reconciliations, Bancassurance, Banking Relationships, Bank Statements, Control Accounts, Customer Accounts, Customer Queries, Direct Debits, Management Reporting, Payments, Reconciliations


  • Honours Degree (Hons): Business Administration (Required)



How To Apply for Old Mutual Uganda Jobs 2022:

All interested and qualified persons are strongly encouraged to apply by submitting their applications through the link below.

Apply Here Now

Deadline: 26th August 2022



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