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  • Posted: Mar 28, 2024
    Deadline: Apr 9, 2024
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    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.
    Read more about this company


    Senior Accountant - Payment and Provider Reconciliation – Healthcare Division

    Key Responsibilities and Duties

    • Ensure timely reconciliation, payments and sign off of healthcare service provider accounts.
    • Maintaining strong working relationships with service providers, Clients, all departments and all business stakeholders.
    • Ensure prompt Authorization and processing of all healthcare payments up to the approved limits.
    • Ensure accuracy of General Ledger balances through reconciliations.
    • Complying with statutory, regulatory and internal control processes including internal & external audits recommendations.
    • Entrenching performance-based appraisal of departmental staff in line with their set KPI’s and departmental targets.
    • Monitor, prevent and control fraud by carrying out regular audits on the internal and external systems and processes.
    • Supervise, train and mentor reconciliation and payments staff to achieve a high level of motivation and productivity.
    • Ensure self-funded schemes are sufficiently funded and accounted for and generation of utilization reports.
    • Management of cashflows to ensure timely payment of all suppliers; and timely investment of surpluses.
    • Prepare regular reports to management and providers and advice the business on relevant controls required.
    • Foster good relationship with service providers and agree on credit terms.
    • Respond to customer queries both internal and external to meet the objectives of the customer charter.
    • Perform any other duties assigned from time to time.

    Skills and Competencies Required

    • Strong leadership and management skills.
    • Ability to work independently and build effective interpersonal relations.
    • Bias towards innovation and development of new ideas in problem solving.
    • Professionalism in dealing with both internal and external stakeholders.
    • Excellent communication and negotiation skills.
    • Extensive networking with service providers and other medical insurers.
    • Excellent analytical and monitoring skills.
    • Ability to evaluate decisions made in benefit utilization management.
    • Integrity and honesty.

    Knowledge & Experience

    • At least 4 years relevant work experience.
    • Technical accounting knowledge.
    • Understanding of insurance accounting and management.
    • Knowledge regulatory framework and requirements.
    • Good communication and reporting skills.
    • Good negotiation and interpersonal relationship skills.

    Academic and Professional Qualifications required

    • Graduate degree in business administration or related field.
    •  CPA(K)

    Method of Application

    Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: so as to be received by Tuesday 9 th April, 2024.

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