Madison Group Limited Management Accountant Jobs in Kenya
Job Summary
The Management Accountant will be responsible for financial reporting, budgeting, performance analysis, regulatory compliance and management information reporting to support organizational decision-making and business performance.
The role will ensure the preparation of accurate management accounts, financial reports, budgeting information and performance dashboards while maintaining compliance with insurance industry regulations.
Key Responsibilities
Financial Reporting and Management Accounts
Prepare accurate and timely management accounts, including explanations for variances.
Compile and present financial information for Board reports.
Prepare weekly performance snapshots covering production, claims and expenses.
Design and maintain performance dashboards for monthly monitoring and analysis.
Regulatory Reporting and Compliance
Compile and submit quarterly and annual regulatory returns to the Insurance Regulatory Authority (IRA).
Ensure compliance with applicable insurance accounting and regulatory requirements.
Financial Analysis and Reconciliations
Perform timely reconciliation and analysis of assigned ledger accounts.
Prepare monthly management expense variance reports with detailed explanations.
Generate and distribute production reports within agreed timelines.
Support revenue assurance through ongoing financial monitoring and analysis.
Budgeting and Forecasting
Develop and maintain financial budgets and forecasts.
Support organizational planning and decision-making through financial modelling and performance analysis.
Prepare monthly branch profitability reports and departmental expense reports.
Fixed Asset Management
Maintain an accurate Fixed Asset Register.
Ensure monthly depreciation calculations and postings are completed accurately.
Payment Review and Authorization
Authorize payments within agreed turnaround times.
Ensure adherence to established financial controls and approval
procedures.
Qualifications and Professional Requirements
Applicants should possess:
Bachelor's Degree in Accounting, Finance or a related field from a recognized institution.
Certified Public Accountant of Kenya (CPA-K).
Membership of the Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
Experience
Minimum five (5) years of experience in a similar accounting or management accounting role.
Experience within the insurance sector is highly desirable.
Key Competencies
Strong understanding of insurance accounting principles.
Knowledge of insurance regulatory frameworks and compliance requirements.
Excellent technical accounting skills.
Basic understanding of life insurance operations and products.
Strong analytical and financial reporting capabilities.
Excellent communication and presentation skills.
Ability to work under pressure and meet strict deadlines.
Good interpersonal and stakeholder management skills.
Proficiency in financial systems and reporting tools.
Strong attention to detail and accuracy.
How to apply
For more information and job application details, see; Madison Group Limited Management Accountant Jobs in Kenya
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