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.