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12 hours ago
We are seeking a highly analytical and detail-oriented Assistant Accountant Debtors to join the Head Office in Zimbabwe. The successful candidate will be responsible for managing cedant and broker accounts, ensure timely premium collection, and maintain robust credit policies across our international portfolio. TransAxis Reinsurance is a growing Pan African reinsurance company.
Job Summary
- Type: full-time
- Location: Harare
- Category: Finance
- Closing Date: 2026-09-04
Key Responsibilities
- Assisting in tracking and monitoring cedant and broker receivables; prepare aging reports and follow-up schedules.
- Monitoring and managing the credit portfolio, ensuring timely payment of premiums, recoveries, and related balances.
- Maintaining detailed debtors’ records and ensuring accuracy of cedant and broker account balances
- Maintaining comprehensive cedent records, reconciling accounts, and resolving discrepancies promptly.
- Following up on overdue accounts via email, calls, and formal correspondence.
- Supporting month-end and year-end processes, including provision updates for doubtful debts where applicable.
- Extracting and preparing clients’ statements from the system.
Requirements
- Bachelor’s Degree in Accounting, Risk Management and Insurance, or a related field.
- Professional insurance or reinsurance qualifications will be an added advantage.
- At least 3-5 years’ relevant credit control experience, preferably in reinsurance or short-term insurance.
- Proficiency in Excel (pivot tables, VLOOKUP)
How to Apply
Interested candidates who meet the above requirements are invited to submit their application, including a detailed CV and certified copies of qualifications to [email protected] no later than 4 September 2026.
Frequently Asked Questions
What qualifications or certifications are typically required for an Assistant Accountant (Debtors) role in Zimbabwe?
A minimum of a National Diploma or Bachelor’s degree in Accounting, Finance, or a related field from a ZIMCHE-recognised institution is usually required. Professional certifications such as ACCA Foundation Level, CIMA Certificate, or ZICA Part I are highly valued and often expected for career progression. Some employers may accept relevant work experience in lieu of formal qualifications, especially if supported by strong debtor ledger exposure.
What does a typical day look like for an Assistant Accountant (Debtors) working with a reinsurance firm in Zimbabwe?
Daily tasks include processing debtor invoices, reconciling debtor accounts, following up on overdue premiums from cedants, and preparing monthly debtor ageing reports for management review. You’ll use accounting software like Pastel Partner or Sage 50, and frequently liaise with internal underwriting and claims teams as well as external insurance partners across SADC. Attention to detail and compliance with IFRS 9 and local tax requirements (e.g., VAT on reinsurance premiums) is essential.
How does the work culture and employer expectations differ for finance roles in Zimbabwe compared to other countries?
Zimbabwean employers value punctuality, respect for hierarchy, and proactive communication — especially when escalating overdue debt issues to senior accountants or finance managers. Team collaboration is common, but individual accountability for ledger accuracy is strictly enforced due to audit sensitivity and foreign exchange controls affecting reinsurance settlements. Fluency in English and familiarity with RBZ reporting requirements (e.g., forex documentation for cross-border premium receipts) are practical expectations.
What realistic career progression paths exist for an Assistant Accountant (Debtors) in Zimbabwe’s reinsurance or broader finance sector?
With 2–3 years’ experience and completion of intermediate professional exams (e.g., ACCA F5–F9 or ZICA Intermediate), you can progress to Senior Assistant Accountant or Debtors Supervisor. Further growth may lead to roles such as Management Accountant, Financial Controller, or specialist positions in Reinsurance Accounting — particularly with firms servicing regional or international clients. Gaining exposure to IFRS 17 implementation is increasingly advantageous in the local reinsurance market.
What benefits are typically offered for this role in Zimbabwean financial services firms?
Standard benefits include 22–30 days annual leave, group medical aid (often through companies like NEL or MBCA), and mandatory NSSA contributions, with some employers offering voluntary pension schemes via Old Mutual or Sanlam. Remote/hybrid work is rare for debtor roles due to system access and audit controls, but flexible start times may be granted in practice. Meal allowances and transport subsidies are common but not guaranteed and depend on employer policy.
How should I apply for this role, and what do Zimbabwean employers specifically look for in candidates?
Apply via email with a tailored CV highlighting debtor ledger experience, reconciliation accuracy, and exposure to reinsurance or general insurance billing — always include your ZICA/ACCA/CIMA status if applicable. Employers prioritise candidates with verified references, clean credit records (due to financial trust requirements), and demonstrated understanding of Zimbabwe’s tax and forex environment. Avoid generic applications; mention specific systems used (e.g., Pastel, SAP) and any RBZ-compliant documentation experience.