Madison Group Limited is a locally owned financial services holding company that specializes in Insurance and wealth management services. The Group comprises of Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited. Madison Life Assurance Kenya was originally incorporated under Kenyan Laws in 1988 as Madison Insurance Company Limited (MICK) after a successful merger between Crusader Plc (1974) and Kenya Commercial Insurance Corporation.

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.

• 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.

• 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.

• Bachelor degree in Accounting, Finance, or related field from a recognized institution.
• Be a CPA (K) and a Member of ICPAK of good standing.