Jubilee Insurance, a market leader and the largest composite insurer in East Africa, is pleased to announce an exciting career opportunity for the position of Accountant, Financial Reporting at Jubilee Health Insurance Limited (JHIL). With a remarkable legacy that dates back to 1937, Jubilee has continually set the benchmark for excellence in the insurance sector across the region. The company serves over 1.9 million clients, offering comprehensive insurance products including Life, Pensions, General, and Medical Insurance.
Jubilee Insurance is headquartered in Nairobi and operates a strong regional presence across Kenya, Uganda, Tanzania, and Burundi. As the only ISO-certified insurance group listed on all three East African stock exchanges—Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange, and Uganda Securities Exchange—Jubilee stands for financial integrity, regional growth, and unwavering commitment to customer service.
As part of our ongoing mission to enhance operational excellence and financial governance, Jubilee Health Insurance Limited is seeking a skilled, diligent, and experienced professional to join its Financial Reporting team. This role offers a unique opportunity for a motivated accounting expert to contribute to one of the most respected insurance brands in the region.
Position Title: Accountant, Financial Reporting
Job Ref. No: JHIL183
Department: Finance
Reporting To: Manager, Financial Reporting
Application Deadline: 28th July 2025
Location: Nairobi, Kenya
Role Purpose
The role of Accountant, Financial Reporting is central to the preparation, accuracy, and timely delivery of financial reports and statutory returns. The successful candidate will ensure compliance with International Financial Reporting Standards (IFRS), Insurance Regulatory Authority (IRA) regulations, and internal financial policies. This position plays a crucial part in maintaining the integrity of financial data, facilitating both internal and external audits, and upholding robust financial controls. Additionally, the Accountant will support data-driven business decisions through high-quality reporting and analysis.
Key Responsibilities
The position of Accountant, Financial Reporting encompasses the following key areas:
1. Financial Reporting & Compliance
- Preparation of monthly, quarterly, and annual financial statements in line with IFRS and internal policies.
- Timely and accurate submission of financial reports to the Insurance Regulatory Authority (IRA) and other relevant government or industry bodies.
- Active involvement in implementing and ensuring compliance with IFRS 17 and any other relevant financial reporting standards related to insurance.
- Continuous monitoring of regulatory requirements and ensuring company financial practices remain compliant with updated reporting rules and standards.
2. General Ledger and Period-End Close
- Maintenance of the company’s general ledger, ensuring completeness and accuracy of financial entries.
- Execution of month-end and year-end financial closing processes with appropriate documentation.
- Preparation and posting of essential monthly journal entries, including but not limited to accruals, amortization, depreciation, and provisions.
3. Audit Support
- Preparation of audit schedules and supporting documentation for external and internal audits.
- Liaison with other departments to ensure timely provision of required audit materials and responses.
- Addressing and resolving audit findings by working closely with auditors and internal stakeholders to implement recommendations.
4. Budgeting & Forecasting Support
- Assisting in the development of annual budgets and rolling forecasts across various departments.
- Conducting variance analysis between actual and budgeted figures and providing insightful commentary to management.
- Supporting strategic planning through financial modeling and analysis.
5. Tax & Statutory Returns
- Supporting the finance team in preparing and submitting all statutory tax filings, including VAT, PAYE, withholding tax (WHT), and income tax.
- Ensuring accuracy and compliance with all applicable tax laws and working collaboratively with the payment team to meet deadlines.
- Keeping records and documentation related to all tax filings for audit and compliance purposes.
6. Financial Controls & Process Improvement
- Assisting in the implementation and continuous monitoring of internal controls to safeguard the integrity of financial data and reporting processes.
- Identifying and driving opportunities for automation and process improvement within the financial reporting framework.
- Maintaining up-to-date documentation of all relevant accounting procedures, controls, and policy manuals.
Key Competencies
To excel in this role, the ideal candidate must possess the following core competencies and attributes:
- Demonstrated integrity and exceptional attention to detail
- Strong analytical and financial acumen
- In-depth understanding of insurance-specific accounting standards and practices
- Excellent organizational and time management skills
- Effective communication and teamwork abilities
- Proven ability to meet stringent deadlines in a high-pressure environment
Academic and Professional Qualifications
- A Bachelor’s degree in Accounting, Finance, or a related field
- CPA (K) or ACCA certification is mandatory
Experience Required
- Minimum of four (4) years of relevant professional experience in financial reporting or external/internal audit
- Prior experience in the insurance or broader financial services sector will be a distinct advantage
- Strong working knowledge of International Financial Reporting Standards (IFRS), including IFRS 17, and regulatory frameworks from IRA and Kenya Revenue Authority (KRA)
Ideal Candidate Profile
The ideal candidate for this position is a performance-driven accounting professional with a robust foundation in financial reporting, audit preparedness, and regulatory compliance. This individual should be results-oriented and capable of working independently while also collaborating effectively within cross-functional teams. Experience in a fast-paced corporate environment, particularly in the insurance sector, is highly desirable.
The successful candidate will be expected to bring a proactive approach to problem-solving, maintain high ethical standards, and demonstrate an ongoing commitment to professional development. Furthermore, the role demands someone who can handle confidential financial information with discretion and reliability.
Why Join Jubilee Insurance?
Joining Jubilee Insurance means becoming part of an award-winning institution with a strong heritage, cutting-edge innovation, and a people-centric culture. Jubilee is not just committed to client excellence—it is also devoted to the growth and development of its people. Employees benefit from:
- A structured career path with opportunities for advancement
- Exposure to regional and international best practices in insurance and financial reporting
- A collaborative and inclusive corporate culture that values performance and integrity
- Continuous learning and professional development support
Application Process
If you are a detail-oriented and results-driven accounting professional with a strong passion for financial reporting and compliance within the insurance sector, Jubilee Insurance invites you to take the next step in your career.
Qualified candidates should submit their detailed curriculum vitae (CV) and a cover letter clearly quoting the Job Reference Number: JHIL183 and the Position: Accountant, Financial Reporting in the subject line.
All applications should be sent via email to the following address:
Deadline for Application: 28th July 2025
Please note that only shortlisted candidates will be contacted for the next stage of the recruitment process.
This is a remarkable opportunity to grow your career in a high-impact role with East Africa’s leading insurance brand. Take the leap and become part of the Jubilee legacy of excellence and integrity.
