Management Accountant at Madison Group Limited

Job Description

Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a well-known provider of life assurance, group schemes and pension administration in Kenya. The Group also provides through two other subsidiaries, general insurance underwriting as well as fund management services. 

The Company is recruiting for the position of Management Accountant reporting to the Chief Accountant. The job holder will be based at its Head Office in Madison House, Nairobi.

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.

Qualified candidates are requested to forward their CV, Cover letter and details of their current remuneration to hr_recruitment@madison.co.ke not later than 16th November, 2026 stating the Role as the Subject of the email.