Bank Reconciliation Officer at Coronation Insurance Plc

Coronation Insurance is a leading West African full line insurance company offering a diverse range of products and services covering life, general and special risk businesses. Coronation Insurance is licensed to underwrite all classes of insurance, such as fire and special perils, goods-in-transit, all risk insurance and life insurance for both Individuals and Corporate entities.

We are recruiting to fill the position below:

Job Title: Bank Reconciliation Officer

Location: Lagos

Principal Duties & Responsibilities

• Ensure daily reconciliation of all bank accounts within the company
• Rendition of daily proofs of all operational GLs in the company
• Ensure prompt resolution of all outstanding items
• Ensure prompt submission of reports to Internal control and other stakeholders
• Ensure all GL entries are backed up with documentation and approvals
• Ensure documentation and schedules are promptly provided by relationship officers
• Ensure prompt posting of all sales recorded
• Work closely with underwriters, CPU and the sales team to ensure all identified variances are promptly resolved
• Reconciliation of all premium inflow into the accounts and sending periodic statements of accounts to brokers

Education and Work Experience

• Bachelor's Degree in Insurance, Finance, Accounting or any related discipline.
• Professional certification such as CIIN, ACCA, ICAN or relevant qualification
• 5-7 years relevant experience in the Insurance industry

Required Skills and Competencies:

• Operations Management.
• Process Improvement.
• Strong knowledge of IFRS
• Excellent mathematical and statistical skills.
• Insurance principles and practices.
• Financial and Management accounting.
• Process Improvement.
• Product Knowledge.
• Organizational skills.
• Excellent time management skills.
• Strong Knowledge of underwriting, payments and collections.
• Understanding of Accounting.
• Understanding of the local and global financial services industry.
• Stakeholder Management.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their Resume and credentials to: [email protected] using the Job Title as the subject of the mail.