Budget Monitoring Officer at AIICO Insurance

Responsibilities
Budget Monitoring:

• Track and Monitor Budget Utilization across all departments
• Prepare variance reports on actual and budgeted expenditures
• Preparation of Branch Profitability Report
• Provide recommendations to management to address budget deviations.
• Ensure adherence to AIICO Insurance budget policies and procedures.
• Follow up on transactions to ensure payments are disbursed when queriesaremade.
• Prepare payment schedule to disbursement unit.
• Properly assessing support documents.
• Ensure treatment of requisition in due time
• Aligning of quote approvals on Bringbox (AIICO’s Internal Software)
• Ensuring appropriate approvals are gotten for all purchase requisitions.
• Ensuring all requisitions are aligned to appropriate codes.

Process Improvement and Automation:

• Identify areas for process improvement on the expense and budget monitoring software to ensure complete and accurate reporting.
• Identify and recommend general improvements to budgeting processes.

Collaboration and Reporting:

• Provide support to the team on overhead and budget related matters
• Execution of any other Ad hoc task assigned.

Requirements

• Candidates should possess a Bachelor's Degree with 1 - 3 years work experience.