Actuarial Officer

NIC General Insurance Company Limited is a leading insurance and financial risk management corporation in Uganda, underwriting comprehensive commercial, motor, marine, life, and personal accident coverage nationwide.

The Actuarial Officer is a vital position at NIC General Insurance, responsible for steering core operational priorities, maintaining high standards of service delivery, and collaborating with cross-functional teams in Kampala. In this role, the incumbent will leverage their specialized knowledge to resolve day-to-day challenges, drive team performance, and support the strategic objectives of NIC General Insurance.

• •Oversee the preparation of accurate financial statements, general ledger reconciliations, and balance sheet schedules for NIC General Insurance.
• •Ensure 100% compliance with Uganda Revenue Authority (URA) statutory tax filings, including PAYE, VAT, Withholding Tax, and Corporate Income Tax.
• •Manage cash flow forecasting, bank reconciliations, vendor payment disbursements, and petty cash controls.
• •Coordinate internal and external audit reviews, providing requested documentation, schedules, and compliance evidence.
• •Monitor departmental budget expenditures against approved annual allocations, highlighting cost variances.
• •Review financial transactions, invoices, and purchase orders to maintain rigorous internal financial controls.
• •Prepare monthly management accounts, financial variance analyses, and cash position summaries for leadership.
• •Safeguard financial records, payroll summaries, and asset registers in accordance with IFRS and Ugandan accounting standards.

• ✓Bachelor's Degree in Accounting, Finance, Commerce (Accounting Option), or Business Administration.
• ✓Full or ongoing professional accounting qualification (CPA Uganda, ACCA, or equivalent).
• ✓At least 3 to 6 years of hands-on accounting, financial management, or auditing experience in Uganda.
• ✓Advanced proficiency in accounting software (QuickBooks, Sage, SAP, or Tally) and advanced Microsoft Excel modeling.
• ✓Comprehensive working mastery of Uganda Revenue Authority (URA) EFRIS electronic invoicing and tax portal filings.
• ✓Uncompromising ethical standards, analytical precision, and attention to detail.

Key Skills & Competencies