Accounting Operations Manager at Mutual Benefit Assurance Plc - 3 Openings

Mutual Benefits Assurance Plc (MUTUAL) has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances, and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry, with over 3,000 staff and marketing executives in its employment.

We are recruiting to fill the position below:

Job Title: Accounting Operations Manager

Location: Lagos
Employment Type: Full-time
Slot: 3 Openings

Job Description

• As one of the three (3) Operations Accounting Managers, you will oversee and lead the day-to-day operations of accountants and analysts in the Underwriting Accounting (UA), Technical Reserving (TR), Accounts Receivable (AR), Collection & Receipting (CR), Accounts Payable (AP), Related Party Transactions (RP), Fixed Assets (FA), and Cash Management & Validations (CM) teams.
• Strong leadership, problem-solving and communication (both written and verbal) skills, as well as a passion for process improvement, are required for this role.

Responsibilities

• Daily support and point of escalation for UA, TR, AR, AP, CR, PR, FA and CM teams, providing guidance and oversight over the department’s operations.
• Oversee timely and accurate close of UA, TR, AR, AP, FA and CM subledgers and month-end processes.
• Conduct timely review of UA, TR, AR, AP, FA and CM subledgers and reconciliations identifying potential risks and recommended actions/solutions to Controller and Finance Leadership team.
• Review and approve day-to-day transactions such as payments runs, vendor payment verification, and daily cash application status.
• Ensure timely resolution of any accounting application errors by working with the ICT support teams and the application service providers as required.
• Responsible for the design and effectiveness of operational and financial controls related to UA, TR, AR, AP, FA and CM, including proactively assessing current controls, offering recommendations for improvement and implementing new processes.
• Respond to control weaknesses by determining root cause and propose processes to mitigate/resolve gaps.
• Define and elevate current processes to best-in-class practices driving automation and utilization of systems where appropriate.
• Represent and provide functional knowledge in the areas of UA, TR, AR, AP, FA and CM for Company’s strategic projects such as Digital Transformation

Qualifications

• Minimum of 7 years post qualification experience, with at least 5 years public practice experience. Audit experience in a professional services firm is an advantage
• Comprehensive experience in financial modelling, forecasting operational sales and business results using various methodologies.
• Strong experience in applying broad and specialised accounting standards/best practices and analysis principles.
• Professional qualification- either ACA, CPA, ACCA or CIMA.

Application Closing Date
Not Specified.