Management Accountant at Madison Group Limited

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.