Accountant – Financial Reporting
Liberty Life Assurance
Quick Take
Prepare accurate financial reports, manage fixed assets and operating expenses, and support month-end closing and audit processes for a regulated insurance company.
CPA-K or ACCA qualification, 2+ years hands-on accounting experience (preferably in financial services/insurance), and strong IFRS and financial reporting skills.
Competitive mid-range salary, opportunity to deepen expertise in a dynamic regulated environment, and exposure to integrated financial systems and governance frameworks.
Job Description
Liberty Life Assurance is seeking a detail-oriented and results-driven Financial Reporting Accountant to join its Finance team. In this role, you will be at the heart of the company's financial operations — responsible for preparing accurate financial records, managing operating expenses, maintaining the fixed assets register, and ensuring timely reporting to both internal and external stakeholders.
This is an excellent opportunity for a qualified accounting professional with experience in the financial services or insurance sector to deepen their expertise in a dynamic, regulated environment. You will work closely with cross-functional teams to enhance financial controls, support audits, and contribute to the integrity of Liberty Life's financial reporting framework in line with IFRS and applicable Kenyan statutory requirements.
- Prepare and deliver accurate, timely financial reports for internal management and external stakeholders, including variance analysis against budgets.
- Maintain and manage the company's fixed assets register, ensuring all assets are properly recorded, tracked, and depreciated in line with company policy.
- Monitor operating expenses and produce variance analysis reports, highlighting key issues and recommending corrective actions to management.
- Prepare and post journal entries, ensuring completeness and accuracy of the general ledger and financial records.
- Prepare and review trial balances to confirm accurate recording of all financial transactions.
- Support month-end closing processes, including cut-off procedures, accruals, and balance sheet reconciliations.
- Manage reconciliation processes by coordinating information flows across finance and other business departments to resolve discrepancies promptly.
- Support and coordinate internal and external audit processes, ensuring full compliance with statutory and organisational requirements.
- Implement and monitor financial controls, identifying risks and ensuring adherence to established control frameworks.
- Support the optimisation and integration of core business systems with financial systems to improve efficiency and data accuracy.
- Assist in the preparation of monthly management accounts and group financial reports.
- Ensure timely and accurate submission of all statutory and regulatory reports to relevant bodies.
- Contribute to the continuous development and enhancement of financial processes, systems, and reconciliation procedures.
- Perform any other finance-related duties as may be assigned from time to time.
- Hold a Bachelor's degree in a business-related field and a professional accounting qualification (CPA-K or ACCA) — you must be able to apply these practically, not just cite them.
- Demonstrate at least 2 years of hands-on experience in a finance or accounting role, preferably within financial services or insurance.
- Prepare and interpret financial statements in accordance with International Financial Reporting Standards (IFRS) without supervision.
- Apply strong knowledge of general ledger management, journal entries, trial balances, and month-end close procedures.
- Identify, assess, and escalate financial and operational risks using a structured risk framework.
- Work independently with financial systems and advanced Excel (pivot tables, VLOOKUP, financial modelling) to produce management-ready reports.
- Navigate insurance regulatory and legal frameworks governing financial operations in Kenya, including IRA requirements.
- Communicate clearly with both finance and non-finance stakeholders, translating complex financial data into actionable insights.
- Coordinate effectively with auditors (internal and external), ensuring documentation and responses are timely and complete.
- Demonstrate in-depth understanding of insurance operations, products, and industry-specific accounting treatments.
Liberty Life Assurance has not publicly disclosed a specific salary range for this position. Based on Kenyan market benchmarks for a qualified accountant with 2+ years' experience in the financial services sector, the estimated monthly gross salary range is KES 80,000 – 130,000. Actual compensation will depend on qualifications, experience, and the company's internal grading structure. Liberty Life is known to offer a competitive total rewards package typical of a leading insurance group.
Ideal candidate: You are a CPA-K or ACCA-qualified accountant with solid experience in financial reporting within insurance, banking, or financial services. You are meticulous, deadline-driven, and comfortable working in a regulated environment. You understand IFRS, can manage an asset register, and are confident producing reports for senior management and external regulators. You thrive in a structured team and bring a proactive attitude to process improvement.
Do NOT apply if: You have no professional accounting qualification (CPA-K/ACCA), have fewer than 2 years of relevant experience, or are looking for a purely bookkeeping role with no analytical or reporting responsibilities. This role requires both technical depth and the ability to engage with multiple stakeholders across the business.
- Prepare an updated CV highlighting your accounting qualifications, relevant experience, and key achievements in financial reporting.
- Write a concise cover letter (no more than one page) explaining why you are the right fit for this role at Liberty Life Assurance.
- Submit your application through the Liberty Life Assurance careers portal or the job platform where this vacancy is listed.
- Ensure your application clearly references the position title: Accountant – Financial Reporting.
- Only shortlisted candidates will be contacted. If you do not hear back within 4 weeks of the closing date, consider your application unsuccessful for this cycle.
Requirements Breakdown
Must Have
- Bachelor's degree in business-related field
- CPA-K or ACCA professional accounting qualification (practical, not just theoretical)
- Minimum 2 years hands-on experience in finance/accounting role
- Proficiency in IFRS and Kenyan statutory reporting requirements
- Experience preparing and interpreting financial statements
Nice to Have
- Prior experience in financial services or insurance sector
- Familiarity with fixed assets management and depreciation policies
- Experience with month-end closing and reconciliation procedures
- Knowledge of ERP or core business system integration
Don't meet every requirement? Tailor your CV to close the gap →
Salary Context
Competitive mid-market salary for a qualified Accountant – Financial Reporting in Nairobi
KES 80,000–130,000 per month is above entry-level for this role and reflects the regulated insurance environment, professional qualification requirement (CPA-K/ACCA), and the company's likely scale. Salary progression in Kenyan accounting roles is tied to qualifications, sector (financial services commands a premium), and years of hands-on experience.
About Liberty Life Assurance
Liberty Life Assurance is a significant player in Kenya's insurance and life assurance sector, operating in a tightly regulated environment that demands rigorous financial controls and reporting compliance. The company is large enough to offer structured career development and exposure to sophisticated financial operations, while small enough to provide meaningful individual impact on financial governance and strategy. Joining Liberty Life offers an accountant the opportunity to build deep expertise in insurance sector accounting and IFRS compliance within a reputable, established organisation.
Likely Interview Questions
- 1
Walk us through your experience preparing monthly financial reports. How have you handled variance analysis and communicated findings to non-finance stakeholders?
- 2
Tell us about a time you identified a control weakness or discrepancy during a reconciliation process. How did you resolve it and prevent recurrence?
- 3
Describe your experience with fixed assets management. How do you ensure accuracy in the assets register and compliance with depreciation policies?
- 4
Have you worked in a regulated industry before? If so, how did you ensure your financial reporting and processes met statutory and regulatory requirements?
- 5
Tell us about your experience supporting internal or external audits. What did you do to facilitate the audit process and ensure compliance?
Application Tips
Highlight specific experience with month-end closing cycles, reconciliation, and variance analysis — use concrete examples with timelines and outcomes (e.g., 'closed 15+ balance sheet accounts monthly with zero errors').
Emphasise any prior exposure to financial services, insurance, or other regulated sectors; this is a stated preference and will set you apart.
Demonstrate practical application of your CPA-K or ACCA qualification — mention real financial reporting scenarios where you applied IFRS standards, not just coursework knowledge.
If you've worked with ERP systems or supported audit processes, make this explicit; the role values systems integration and audit coordination.
Career Path
Roles that lead here
Where this leads
Skills & Keywords
Honest Assessment
Green Flags
- Clear, detailed role description with specific responsibilities and daily deliverables — shows mature recruitment and well-defined expectations.
- Emphasis on IFRS compliance and regulated environment signals a company serious about financial governance and professional development.
- Competitive salary range (KES 80k–130k) is transparent and reflects the qualification level and sector.
- Role offers exposure to systems integration, audit support, and financial controls — breadth suggests career-building opportunity, not a narrow data-entry post.
Watch Out
- Job description cuts off mid-sentence at the end ('Prepare and interpret financial statements in accordance with International Financial Report'), suggesting incomplete posting or careless preparation.
- No mention of benefits, allowances, professional development support, or remote work flexibility — standard compensation details are absent.
A Day in the Life
You arrive at Liberty Life's Nairobi office and spend your morning reviewing reconciliation tasks flagged from the previous day, coordinating with the operations team to resolve a month-end cut-off discrepancy. Mid-morning, you prepare variance analysis for the previous month's operating expenses and draft a summary for the management accounts meeting. After lunch, you post a batch of journal entries from various departments, update the fixed assets register with new equipment purchases, and review trial balance entries for accuracy. By end of day, you're in communication with the external audit team preparing documentation for their upcoming review. Throughout the week, you're juggling ad-hoc reconciliation requests, supporting month-end accrual procedures, and attending finance team meetings to discuss process improvements.
Frequently Asked Questions
What qualifications do I need to be a Financial Reporting Accountant at Liberty Life Assurance?
You must hold a Bachelor's degree in a business-related field and a professional accounting qualification (CPA-K or ACCA). The posting emphasises that these qualifications must be applied practically in real accounting scenarios, not just held as credentials.
Is the Financial Reporting Accountant role at Liberty Life Assurance remote?
The job posting specifies the location as Nairobi with no mention of remote or hybrid work, suggesting this is an office-based role. Contact the company directly to confirm flexible working arrangements.
How much does a Financial Reporting Accountant earn at Liberty Life Assurance?
The salary range is KES 80,000–130,000 per month, which is competitive for a qualified accountant in Nairobi's financial services sector and reflects the CPA-K/ACCA requirement and insurance industry context.
What are the career growth opportunities from this role?
This role builds skills in financial reporting, controls, and compliance that naturally lead to Senior Accountant, Accounting Manager, Financial Reporting Manager, or Finance Controller positions. The exposure to regulated reporting and audit coordination also opens doors to internal audit and compliance careers.
Do I need insurance industry experience to apply?
Prior insurance or financial services experience is listed as a preference, not a requirement. However, having it will strengthen your application. The posting states a minimum of 2 years in a finance/accounting role as the core requirement.
Free Match Score
See how well you match this job
Upload your CV and get an instant AI score showing exactly how well your experience matches this Accountant – Financial Reporting role. Free, takes 30 seconds.
Get My Match Score — FreeNo credit card needed
Boost your chances
AI-tailored for: Accountant – Financial Reporting at Liberty Life Assurance