Accountant – Financial Reporting
Liberty Life Assurance Kenya
Quick Take
Prepare accurate financial reports, manage fixed assets and operating expenses, support month-end/year-end closings, and ensure compliance with IFRS and regulatory requirements.
IFRS-compliant financial reporting expertise, strong analytical and reconciliation skills, and knowledge of insurance sector accounting standards.
Stable role at a 50+ year-old established insurer with clear compliance responsibilities, competitive salary, and opportunity to grow within Kenya's insurance sector.
Job Description
Liberty Life Assurance Kenya, one of the country's most established life insurance providers with over 50 years of serving Kenyans, is looking for a detail-oriented and proactive Financial Reporting Accountant to join its Finance team in Nairobi. This role sits at the heart of the company's financial operations, ensuring that all accounting records, reports, and statutory submissions are accurate, timely, and compliant with applicable financial standards and internal policies.
The successful candidate will play a key role in managing operating expenses, maintaining the fixed assets register, supporting audit processes, and contributing to the continuous improvement of financial systems and controls. If you are passionate about financial integrity and thrive in a structured, compliance-driven environment, this is an excellent opportunity to grow your career within Kenya's insurance sector.
- Prepare and deliver accurate, timely financial reports for both internal management and external stakeholders, including variance analysis against approved budgets.
- Maintain and manage the company's fixed asset register, ensuring all assets are properly recorded, tracked, depreciated, and accounted for in line with company policy.
- Monitor operating expenses, produce variance analysis reports, and recommend corrective actions where budget deviations are identified.
- Prepare and post journal entries, ensuring completeness, accuracy, and proper authorization of all financial transactions.
- Prepare and review trial balances to confirm accurate recording across all accounts.
- Support month-end and year-end closing processes, including cut-off procedures and balance sheet reconciliations.
- Manage reconciliation processes by coordinating information flows between Finance and other business departments to resolve discrepancies promptly.
- Coordinate and support internal and external audit exercises, ensuring all requested schedules, documents, and explanations are provided on time.
- Implement and monitor financial controls, proactively identifying risks and ensuring adherence to established control frameworks.
- Support the integration and optimization of core business systems with financial platforms to improve data accuracy and reporting efficiency.
- Prepare monthly management accounts and group financial reports in line with reporting deadlines.
- Ensure timely and accurate submission of all statutory and regulatory financial reports to relevant authorities.
- Contribute to the development and enhancement of financial processes, systems, and reconciliation procedures.
- Perform any other finance-related duties as may be assigned from time to time.
- Prepare IFRS-compliant financial statements independently, demonstrating solid understanding of accounting standards applicable to the insurance sector.
- Analyse financial data, identify trends and anomalies, and translate findings into clear, actionable variance reports for management.
- Manage and reconcile a fixed asset register end-to-end, including additions, disposals, depreciation runs, and periodic physical verification support.
- Execute accurate month-end close procedures within tight deadlines, coordinating across departments as needed.
- Apply strong attention to detail when reviewing journal entries, trial balances, and reconciliations to detect and correct errors before reporting.
- Demonstrate proficiency in accounting software (e.g., SAP, Oracle, or similar ERP systems) and advanced Excel skills for financial modelling and reporting.
- Communicate effectively with auditors, regulators, and internal stakeholders, presenting financial information clearly and confidently.
- Work independently and manage multiple priorities simultaneously without compromising on accuracy or deadlines.
- Hold a Bachelor's degree in a business-related field (Accounting, Finance, or Commerce preferred).
- Hold a professional accounting qualification — CPA (K) or ACCA — or be at an advanced stage of completion.
- Have at least 2 years of hands-on experience in a financial reporting or general accounting role, preferably within financial services or insurance.
Liberty Life Assurance Kenya offers a competitive compensation package benchmarked to the financial services industry. Based on the role's seniority and market rates for qualified accountants in Nairobi, the estimated monthly gross salary ranges from KES 80,000 to KES 120,000, commensurate with experience and qualifications. The company is known for investing in its people and offers a structured, professional work environment within a well-regulated industry.
- Competitive salary aligned to financial services industry benchmarks
- Professional development and career growth opportunities within a large insurance group
- Exposure to group-level financial reporting and regional finance operations
- Stable, full-time employment with a reputable employer of over 50 years' standing in Kenya
Ideal candidate: You are a CPA(K) or ACCA-qualified (or nearly qualified) accountant with at least 2 years of experience in financial reporting, general ledger management, or audit. You are meticulous, deadline-driven, and comfortable working in a regulated environment. You understand insurance or financial services accounting, can handle multiple reporting cycles simultaneously, and take ownership of your outputs without constant supervision. You are eager to contribute to process improvement and system integration initiatives.
Do NOT apply if: You have fewer than 2 years of relevant accounting experience, have not commenced or completed a professional accounting qualification (CPA/ACCA), or are looking for a purely transactional bookkeeping role with no reporting responsibilities. Candidates without a business-related degree will not meet the minimum qualifications for this position.
- Visit the Liberty Life Assurance Kenya careers page or the job platform where this posting is listed.
- Prepare an updated CV highlighting your financial reporting experience, professional qualifications, and key achievements in previous roles.
- Submit your application before the closing date of 26 June 2026 — late applications will not be considered.
- Shortlisted candidates will be contacted directly for interviews. If you do not hear back within 3 weeks of the deadline, consider your application unsuccessful for this cycle.
- Important: Do not pay any fee, make any payment, or submit to any notarisation or certificate verification charges as part of this recruitment process. Liberty Life will never request payment from job applicants.
Requirements Breakdown
Must Have
- IFRS-compliant financial statement preparation and understanding of insurance sector accounting standards
- Proven experience in financial reporting, variance analysis, and month-end/year-end closing processes
- Strong reconciliation, data analysis, and attention to detail skills
- Experience managing fixed asset registers and operating expense monitoring
- Ability to prepare and coordinate audit schedules and support audit processes
Nice to Have
- Experience in the insurance or regulated financial services sector
- Familiarity with core business systems and financial platforms integration
- Knowledge of Kenyan statutory and regulatory reporting requirements
- Experience in developing or optimizing financial control frameworks
Don't meet every requirement? Tailor your CV to close the gap →
Salary Context
Competitive mid-market salary for Financial Reporting Accountant in Nairobi
The KES 80,000–120,000 monthly range reflects a mid-to-senior accountant position at an established employer. Salary progression in this field typically depends on IFRS certification (CPA/ACCA), years of experience in financial reporting, and sector-specific expertise (insurance heavily favoured). Large insurers like Liberty Life typically pay above small firms.
About Liberty Life Assurance Kenya
Liberty Life Assurance Kenya is one of the country's most established and trusted life insurance providers with over 50 years of heritage serving Kenyans. As a major player in Kenya's insurance sector, the company is known for financial stability and professional management. Joining Liberty Life offers exposure to regulated financial operations, strong compliance discipline, and the chance to build a career within one of Kenya's most reputable financial institutions.
Likely Interview Questions
- 1
Walk us through your experience preparing IFRS-compliant financial statements. Can you give an example of a complex accounting issue you resolved in the insurance or financial services sector?
- 2
Describe your experience with fixed asset registers. How have you ensured accuracy and prevented discrepancies in a previous role?
- 3
Tell us about a time you identified a significant budget variance. How did you analyse it, and what corrective actions did you recommend?
- 4
How have you supported an internal or external audit? What challenges did you face in gathering documentation and explaining accounting treatments?
- 5
What experience do you have with financial systems integration or process improvement? Can you share an example of how you improved reporting efficiency?
Application Tips
Highlight specific IFRS experience, particularly any exposure to insurance accounting standards (IFRS 4, IFRS 17, or general insurance regulations). Mention any CPA/ACCA progress or qualifications explicitly.
Quantify your variance analysis impact: e.g. 'identified KES X variance and recommended corrective actions that improved budget adherence by Y%' — employers want evidence of tangible contribution.
Demonstrate audit readiness: emphasize experience coordinating with audit teams, preparing audit schedules on time, and resolving complex account reconciliations — this is central to the role.
Career Path
Roles that lead here
Where this leads
Skills & Keywords
Honest Assessment
Green Flags
- Employer is a 50+ year-old established institution with proven longevity and reputation in Kenya — low risk of company instability.
- Clear, detailed responsibility list with emphasis on compliance, controls, and audit support — indicates mature financial operations and structured career environment.
- Competitive salary range (KES 80–120K) at an established insurer reflects market respect for the role and signals willingness to invest in talent.
- Insurance sector focus provides specialised sector expertise that increases long-term career value and makes you more marketable to other large financial institutions.
Watch Out
- Job description cuts off mid-sentence in the 'Required Skills & Experience' section — applicants should request the complete posting to ensure they understand all expectations.
- Role lists 'any other finance-related duties as may be assigned' — this is common but suggests potential for scope creep beyond the core 11 listed responsibilities.
A Day in the Life
Your week alternates between routine and deadline-driven cycles. Monday mornings typically involve reconciling balances across the general ledger and coordinating with operations teams on any cut-off discrepancies. Mid-week you're deep in variance analysis — comparing actuals to budget, investigating KES 2–5M+ deviations, and drafting explanations for management. By Thursday, you're preparing trial balance schedules, posting month-end journal entries, and ensuring all fixed asset additions/disposals are logged. When auditors visit (quarterly or year-end), your calendar fills with schedule preparation and follow-up meetings. Throughout, you're supporting the Finance Manager with statutory report submissions and flagging any control weaknesses you spot in transaction flows.
Frequently Asked Questions
What qualifications do I need to be a Financial Reporting Accountant at Liberty Life Assurance Kenya?
You need proven experience in IFRS-compliant financial reporting, understanding of insurance sector accounting standards, and strong reconciliation and variance analysis skills. A CPA (K) or ACCA qualification (completed or in progress) is highly valued; diploma-level accounting with 3+ years of hands-on reporting experience in a regulated sector is typically the minimum entry point.
Is the Accountant – Financial Reporting role at Liberty Life Assurance Kenya remote?
The posting specifies the location as Nairobi with no mention of remote or hybrid options. Given the nature of the role (fixed asset tracking, coordinating with audit teams, supporting month-end closings), it is likely office-based, though you should confirm flexible working arrangements during the interview.
How much does a Financial Reporting Accountant earn at Liberty Life Assurance Kenya?
The salary range is KES 80,000–120,000 per month, depending on experience and qualifications. This is competitive for a mid-level accountant role at an established Nairobi-based insurance firm; progression within the range typically reflects years of reporting experience and professional certifications.
What are the career growth opportunities for this role?
This role is a strong stepping stone to Senior Financial Reporting Accountant, Finance Manager, or Financial Controller positions within Liberty Life or other large financial institutions. Your exposure to IFRS, audit coordination, and regulatory compliance provides foundation skills for CFO-track progression in Kenya's financial services sector.
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