Accountant, Health Business

Liberty Life & Heritage Insurance is a prominent insurance company, part of the Liberty Group, a wealth management firm operating across 17 African countries. The company is dedicated to guiding customers towards financial freedom through innovative solutions and efficient processes that adapt to evolving market needs.

As an Accountant for the Health Business at Liberty Life & Heritage Insurance, you will be responsible for the comprehensive financial reporting and analysis of the health business unit. This position requires a professional who can consolidate financial data, generate insightful management reports, and provide critical analysis to support decision-making. The role reports directly to the Manager, Finance (Health Business) and is based in Nairobi.

1. Maintain the health business books of accounts in collaboration with the Health Business Manager.
2. Manage the general ledger specifically for the Health Business.
3. Generate and meticulously review monthly trial balances.
4. Prepare and reconcile balance sheets.
5. Support the coordination and execution of internal audits.
6. Perform accounts reconciliation for various financial aspects.
7. Conduct reconciliations for medical service providers.
8. Build and maintain strong relationships with medical service providers to ensure seamless billing processes.
9. Monitor medical claims trends, identifying and highlighting anomalies or potential fraud.
10. Ensure strict adherence to tax laws pertinent to medical transactions.
11. Verify reinsurance bordereaux with Liberty Health on a monthly basis.
12. Implement and monitor financial controls, assessing risks to these controls.
13. Analyze business operations, trends, costs, revenues, financial commitments, and obligations to forecast revenues and expenses for informed decision-making.
14. Contribute to the preparation and analysis of the annual budget, ensuring accuracy and reliability.
15. Develop and continuously refine systems for cost sensitivity analysis and early detection of cost overruns.
16. Conduct cash flow forecasting, budgeting, and detailed analysis of medical claims trends, variances, and hospital treatment costs to guide management decisions.
17. Adhere to governance requirements, including KYC/AML and data protection regulations.

1. Hold a Bachelor’s degree in Accounting, Finance, Economics, or a related field.
2. Be a fully qualified accountant with certifications such as Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), or Chartered Accountant (CA).
3. Possess 6 to 8 years of experience in finance.
4. Demonstrate a strong understanding of health insurance operations.
5. Exhibit competencies in delivering results, meeting customer expectations, following instructions, coping with pressure, networking, analyzing data, working collaboratively, applying expertise, learning, researching, presenting information, adhering to principles, achieving personal goals, understanding customer/market/competitors, knowing insurance regulatory requirements, effective negotiation, report writing, and business management.