Senior Accountant Job in Kenya

Job Title: Senior Accountant

Hiring Organization: Madison Group
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Insurance
Job Type: Full Time
Salary: KES Competitive
Date Posted: 04/02/2024

Madison General Insurance Kenya Limited, a subsidiary of Madison Group and a leading provider of general insurance products throughout Kenya, is recruiting for the above position.

Key Responsibilities and Duties

  • Ensure timely reconciliation, payments and sign off of healthcare service provider accounts.
  • Maintaining strong working relationships with service providers, Clients, all departments and all business stakeholders.
  • Ensure prompt Authorization and processing of all healthcare payments up to the approved limits.
  • Ensure accuracy of General Ledger balances through reconciliations.
  • Complying with statutory, regulatory and internal control processes including internal & external audits recommendations.
  • Entrenching performance-based appraisal of departmental staff in line with their set KPI’s and departmental targets.
  • Monitor, prevent and control fraud by carrying out regular audits on the internal and external systems and processes.
  • Supervise, train and mentor reconciliation and payments staff to achieve a high level of motivation and productivity.
  • Ensure self-funded schemes are sufficiently funded and accounted for and generation of utilization reports.
  • Management of cashflows to ensure timely payment of all suppliers; and timely investment of surpluses.
  • Prepare regular reports to management and providers and advice the business on relevant controls required.
  • Foster good relationship with service providers and agree on credit terms.
  • Respond to customer queries both internal and external to meet the objectives of the customer charter.
  • Perform any other duties assigned from time to time.

Skills and Competencies Required

  • Strong leadership and management skills.
  • Ability to work independently and build effective interpersonal relations.
  • Bias towards innovation and development of new ideas in problem solving.
  • Professionalism in dealing with both internal and external stakeholders.
  • Excellent communication and negotiation skills.
  • Extensive networking with service providers and other medical insurers.
  • Excellent analytical and monitoring skills.
  • Ability to evaluate decisions made in benefit utilization management.
  • Integrity and honesty.

Knowledge & Experience

  • At least 4 years relevant work experience.
  • Technical accounting knowledge.
  • Understanding of insurance accounting and management.
  • Knowledge regulatory framework and requirements.
  • Good communication and reporting skills.
  • Good negotiation and interpersonal relationship skills.
  • Academic and Professional Qualifications required
  • Graduate degree in business administration or related field.
  • CPA(K)

How To Apply

Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: so as to be received by Tuesday 9 th April, 2024.