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Madison Money Market Fund Daily Yield: 14.50% Effective Annual Yield: 15.51% Madison Fixed Income Fund Daily Yield: 14.95% Effective Annual Yield: 16.02%

Madison General Insurance Kenya Limited, a subsidiary of Madison Group and a leading provider of general insurance products throughout Kenya, is recruiting for the above position.

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)

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

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