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: hr_recruitment@madison.co.ke
so as to be received by Tuesday 9 th April, 2024.