Liberty Life Assurance Kenya is a life insurance provider that has been providing relevant products to Kenyans for over 50 years. Our purpose at Liberty is to make a difference in people’s lives by making financial freedom possible. We change realities and make freedom possible by providing innovative and relevant solutions that help our customers prote...

Job Summary

The role holder will be responsible for consolidation of the health business financial reports and providing management reports and analysis regularly as required.

Key Responsibilities

• Maintenance of health business books of accounts in liaison with the Manager, Health Business.
• Maintain the general ledger for Health Business.
• Generate and review monthly trial balance.
• Production of balance sheet reconciliations.
• Assist in the coordination of internal audit.
• Responsible for accounts reconciliation.
• Responsible for medical service provider reconciliations.
• Create, maintain and grow relationships with medical service providers to ensure smooth flow of billing from the service provider.
• Monitor claims trends and highlight anomalies, fraud etc.
• Ensure compliance to tax laws regarding medical transactions is adhered to.
• Confirm reinsurance bordereaux with Liberty Health on a monthly basis.
• Implement financial controls as required and monitor risks to financial controls.
• Analyse business operations, trends, costs, revenues, financial commitments and obligations to project revenues and expenses to inform decision making.
• Participate in the preparation and analysis of annual budget to ensure accuracy and reliability.
• Develop and constantly review systems for cost sensitivity analysis and early warning of cost overruns.
• Perform cash flow forecasting, budgeting, analyse medical claims trends, variance and cost analysis on hospital treatment costs to inform decision making by the management.
• Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics or Related Discipline.
• Fully qualified accountant with Certified Public Accountant (CPA)/ Association of Chartered Certified Accountants (ACCA)/ Chartered Accountant (CA).

Experience

• 6 – 8 years’ experience in finance.
• Understanding of health insurance operations.

Competencies

• Delivering results and meeting customer expectations.
• Following instructions and procedures.
• Coping with pressures and setbacks.
• Relating and networking.
• Analyzing.
• Working with people.
• Applying expertise and technology.
• Learning and researching.
• Presenting and communicating information.
• Adhering to principles and values.
• Achieving personal work goals and objectives.
• Customer, market and competitor understanding.
• Knowledge of insurance regulatory requirements.
• Effective negotiation skills.
• Report writing skills.
• Effective business management skills.

• Maintenance of health business books of accounts in liaison with the Manager, Health Business.
• Maintain the general ledger for Health Business.
• Generate and review monthly trial balance.
• Production of balance sheet reconciliations.
• Assist in the coordination of internal audit.
• Responsible for accounts reconciliation.
• Responsible for medical service provider reconciliations.
• Create, maintain and grow relationships with medical service providers to ensure smooth flow of billing from the service provider.
• Monitor claims trends and highlight anomalies, fraud etc.
• Ensure compliance to tax laws regarding medical transactions is adhered to.
• Confirm reinsurance bordereaux with Liberty Health on a monthly basis.
• Implement financial controls as required and monitor risks to financial controls.
• Analyse business operations, trends, costs, revenues, financial commitments and obligations to project revenues and expenses to inform decision making.
• Participate in the preparation and analysis of annual budget to ensure accuracy and reliability.
• Develop and constantly review systems for cost sensitivity analysis and early warning of cost overruns.
• Perform cash flow forecasting, budgeting, analyse medical claims trends, variance and cost analysis on hospital treatment costs to inform decision making by the management.
• Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.

• Delivering results and meeting customer expectations
• Following instructions and procedures
• Coping with pressures and setbacks
• Relating and networking
• Analyzing
• Working with people
• Applying expertise and technology
• Learning and researching
• Presenting and communicating information
• Adhering to principles and values
• Achieving personal work goals and objectives
• Customer, market and competitor understanding
• Knowledge of insurance regulatory requirements
• Effective negotiation skills
• Report writing skills
• Effective business management skills
• Financial reporting and analysis
• Accounts and medical service provider reconciliation
• Budgeting and cash flow forecasting
• Medical claims trend, variance and cost analysis

• Bachelor’s degree in Accounting, Finance, Economics or Related Discipline.
• Fully qualified accountant with Certified Public Accountant (CPA)/ Association of Chartered Certified Accountants (ACCA)/ Chartered Accountant (CA).
• Understanding of health insurance operations.