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Manager Revenue Accounting at National Health Insurance Management Authority (NHIMA)

  • Full Time
  • Lusaka, Zambia
  • 000 USD / Year
  • Applications have closed
  • Salary: 000

National Health Insurance Management Authority (NHIMA)

Job Purpose

This is a Senior Management role responsible primarily for maximizing the Authority’s opportunity for Contributions Collections and General Revenues i.e., Accreditation Fees. To do that, the Manager Revenue Accounting shall compile and analyze data for Management decision making.

It is also expected that the jobholder will apply the most current accounting and finance standards (IFRS) and rules in the execution of duties making financial statements credible and allowing for more economic decisions based on accurate and consistent information. The holder of this senior Management Role shall report to the Director Finance & Investments.

Key Responsibilities

The key functions of the role will include but not limited to;

Member Experience & Stakeholder Engagement

Membership Experience

⦁Establishing strategic Partnerships and supporting initiatives to growing membership across all Sectors to achieve Universal Health coverage in line with NHIMA’s mandate.

Stakeholder Engagement

⦁Developing strategies that ensure continuous engagement NHIS members and retention across all sectors.

⦁Establishing through a structured Strategy a regular plan to ensure members’ contributions are timely accounted for hence guaranteeing access to healthcare services under the NHIS.

⦁Ensuring that Resources are available to functional departments to retain and grow membership into the scheme.

Finance Sustainability & Scheme Solvency 

⦁Ensuring that contributions are collected through appropriately devised strategies/methodologies.

⦁Assisting in the preparation of year-end Financial Statements by ensuring compliance reporting in line with the appropriate accounting standards for all revenue transactions including disclosures in accompanying notes.

⦁Coordinating with Relationship managers to prepare annual revenue budgets for both the Fund and the Authority and seeking relevant approvals before implementation.

⦁Preparing internal management accounts including Revenue Projections to aid day to day decision making.

⦁Optimizing returns from investment of surplus cash resources for attainment of appropriate operating cover.

⦁Broadening the Authority’s revenue base by bringing on Board non-traditional revenue streams other than contributions.

⦁Effectively reconciling all Account Receivables, identifying and analyzing issues providing Management with insight into large or unusual fluctuations.

Staff & Learning Environment

⦁Ensuring that adequate staff are recruited in the Revenue Function in line with the approved structure,

⦁Ensuring staff under his\her supervision are appropriately inducted, motivated, and trained,

⦁Implementing a performance management system for staff in the Revenue Unit.

Identifying and evaluating opportunities for process improvements to gain revenue collection efficiencies and the flow of financial information.

Predictable Systems, Processes and Risk Management

⦁Facilitating, co-ordinating the design and development of Authority systems that will enable comprehensive collection of Contributions and other Authority revenues/receivables.

⦁Managing all risks associated with contribution collections.

⦁Assisting in the resolution of all revenue related internal & external audit queries.

⦁Putting up remedial actions for all gaps identified in audits,

⦁Establishing internal controls to enhance accountability in the utilization of contributions.

⦁Performing all other tasks and assignments as may be delegated by the supervisor.

Knowledge, Skills, Qualifications and Experience

⦁Minimum of 7 years’ working experience in a similar role.

⦁Grade 12 certificate with 5 credits or better

⦁Bachelor’s degree in finance/accounting, ACCA, CIMA, ZICA

⦁Master’s degree in a business field is an added advantage.

⦁Demonstrable insurance work experience

Competencies required for this Role

⦁Must have high numeracy and sound technical skills

⦁Must be detail oriented and a highly organized self-starter;

Proficient in all Microsoft Office applications as well as medical office software and other relevant applications;

⦁Must have good commercial and business awareness

⦁Must have an analytical approach to work

⦁Must be an effective communicator

⦁Sound knowledge in social healthcare financing.

⦁Must have the ability to work as part of a team and to build strong working relationships including demonstrable experience in leading teams and ability to influence them to reaching the desired organizational objective.