AFC Insurance Company, a subsidiary of AFC Holdings, is inviting applications for the position of Finance Clerk reporting to the Accountant. The Finance Clerk will be responsible for assessing insurance risks, determining appropriate coverage, and ensuring that policies issued are profitable while meeting customer needs and regulatory requirements.
Job Summary
- Type: full-time
- Location: Harare
- Category: Finance
- Closing Date: 2026-08-10
Key Responsibilities
- Processing and recording all financial transactions accurately and promptly.
- Preparing, verifying, and processing payments to suppliers, service providers, and policyholders.
- Receiving and recording premium collections and other income.
- Preparing bank deposits and performing daily bank reconciliations.
- Reconciling customer, supplier, and general ledger accounts.
- Processing invoices and ensuring supporting documentation is complete.
- Assisting in the preparation of monthly, quarterly, and annual financial reports.
- Maintaining accurate financial records and filing systems.
- Processing journal entries and updating accounting records.
- Monitoring outstanding receivables and following up on overdue accounts.
- Assisting in claims payment processing and reconciliation.
- Verifying the accuracy of financial data before processing transactions.
- Ensuring compliance with company financial policies, accounting standards, and regulatory requirements.
- Assisting during internal and external audits by providing the required documentation.
- Preparing statutory payment schedules and supporting documents where required.
Requirements
- Knowledge of accounting principles and financial reporting.
- Understanding of insurance accounting processes.
- Bank reconciliation skills.
- Accounts payable and accounts receivable management skills.
- Financial record management.
- Proficiency in Microsoft Excel and accounting software.
- Financial analysis and reporting skills.
- High level of data entry accuracy.
- Knowledge of taxation and statutory compliance.
- Diploma or Bachelor’s Degree in Accounting, Finance, Banking, Business Studies, or a related field.
- A professional accounting qualification or progress towards one (such as CIS, ACCA, CIMA, or an equivalent qualification) will be an added advantage.
How to Apply
Apply by email: [email protected]
About the Company
AFC Insurance Company stands as a key insurance provider operating within Zimbabwe. Headquartered at Hurudza House, 14-16 Nelson Mandela Avenue, Harare, the company is dedicated to offering robust insurance solutions to the Zimbabwean market. It facilitates comprehensive underwriting services, alongside efficient claims processing for its clients. As a proudly Zimbabwean entity, AFC Insurance Company plays a vital role in providing financial security and risk management services across the nation. For all insurance-related needs, the company's teams in Harare are ready to assist.
Delivering reliable insurance services across Zimbabwe.
Website: https://www.afcholdings.co.zw/wp-content/uploads/2024/03/2024-AFC-INSURANCE-COMPANY-PROFILE-.pdf
Frequently Asked Questions
What qualifications and experience are typically required for a Finance Clerk role at an insurance company in Zimbabwe?
Generally, a Diploma or Degree in Accounting, Finance, or a related field is preferred. Practical experience with accounting software and general ledger entries, even from internships, is highly valued. Employers also look for strong numerical aptitude and attention to detail.
What are the common day-to-day responsibilities for a Finance Clerk in an insurance company like AFC?
Daily tasks often involve processing invoices, reconciling bank statements, recording financial transactions, and maintaining accurate financial records. You would also assist with preparing basic financial reports and ensuring compliance with company financial policies.
What are the realistic career progression opportunities for a Finance Clerk within the finance sector in Zimbabwe?
With continued professional development and further education (e.g., pursuing ACCA, CIMA, or ZICA qualifications), a Finance Clerk can advance to roles like Assistant Accountant or Accountant. Gaining experience in different aspects of financial operations will also open up senior clerk or supervisory positions.
What should a new Finance Clerk expect regarding the work culture and expectations within a Zimbabwean insurance company?
Professionalism, punctuality, and adherence to company policies are highly expected. There's often an emphasis on teamwork and a strong work ethic, especially during peak reporting periods. Respect for hierarchy and open communication are also important aspects of the local corporate culture.
What typical benefits can a Finance Clerk expect from an employer like an insurance company in Zimbabwe?
Standard benefits usually include statutory leave provisions such as annual, sick, and maternity leave. Most reputable companies offer medical aid coverage and contribute to a pension fund. Some employers might also provide allowances for transport or lunch.