The Management Accountant oversees financial reporting, budgeting, and financial analysis, requiring a Bachelor’s degree in Accounting/Finance, CPA(K) with ICPAK membership, and 5+ years of relevant accounting experience. Full-time role in Nairobi.
Key Responsibilities
Preparation
of accurate and timely management accounts for review with explanations and
variances.
Generation
and distribution of production reports as per the agreed timelines.
Compiling
and submission of quarterly and annual returns to the Insurance Regulatory
Authority.
Timely
reconciliation and analysis of allocated ledger accounts.
Preparation
and maintenance of an accurate Fixed Asset Register and ensuring depreciation
expense is posted on a monthly basis.
Develop
financial budgets and forecasts to support planning and decision making.
Authorization
of payments within the agreed turnaround times.
Preparation
and circulation of monthly branch profitability reports and departmental
management expense reports
Preparation
of monthly management expense variance reports with comprehensive explanations.
Compile
and present financial information for Board Reports.
Preparation
of weekly snapshots of performance on Production, claims and expenses.
Design
and maintain dashboard for monthly tracking of performance.
Ensure
revenue assurance through continuous monitoring and analysis.
Any other
duties assigned by the management from time to time.
Academic and Professional Qualifications required
Bachelor
degree in Accounting, Finance, or related field from a recognized institution.
Be a CPA
(K) and a Member of ICPAK of good standing.
Minimum
of 5 years’ experience in a similar role.
Key Competencies
In-depth
understanding of insurance accounting.
Knowledge
of regulatory framework and requirements.
Technical
accounting knowledge.
Basic
understanding of life insurance business.
Excellent
communication, analytical and reporting skills
Self-driven
and ability to work under strict deadlines.
Good
interpersonal and relationship skills.
Proficient
in financial systems (preferably SAP), advanced Excel and financial modelling.
How to Apply
Qualified candidates are
requested to forward their CV, Cover letter and details of their current
remuneration to hr_recruitment@madison.co.ke not later than 16th November,
2026 stating the Role as the Subject
of the email.
