Assistant Accounts Officer at the African Reinsurance Corporation (Africa Re)

The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d'Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia).

Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A – by Standard & Poor’s.

We are recruiting to fill the position below:

Job Title: Assistant Accounts Officer

Location: Lagos, Nigeria

Job Description

• The successful candidate shall report to the Director of Finance & Accounts or his designate at the Head Office and shall give support in the maintenance of all accounting books, records, and documents in accordance with the Corporation’s financial regulations and international accounting standards and provide timely and accurate financial information when required.

Duties and Responsibilities
The main duties of the Assistant Accounts Officer shall comprise, amongst others, the following:

• Data Entry: input of data into the accounting system including expenses, fixed assets and other financial transactions.
• Expense Management: Processing of employee expenses, verifying receipts and ensure compliance with company policies.
• Accounts Payables and Receivables: Processing of invoices, issuing payments and following up on outstanding receivables.
• Reconciliation: Reconcile GLs, identifying errors and resolving issues in a timely manner.
• Communication: Collaborate with team members in the department and other departments to ensure smooth financial operations.
• Compliance: Adhere to internal controls, policies, and procedures and ensure compliance with regulatory requirements and best practices in financial management.
• Financial Reporting and Budgeting: Actively participate in the financial reporting and annual budgeting exercises.
• Support: provide general support to the Finance and Accounts department.
• Any other duties as may be assigned by the DFA or Management 

Qualifications and Experience
Applicants shall be holders of:

• Bachelor's Degree in Finance, Accounting, or Business Administration.
• The candidate must have 2-5 years of relevant finance & accounting work experience preferably in the Insurance or Reinsurance Industry.
• Relevant finance or accounting professional qualifications will be an advantage.

Main Competencies:

• Excellent knowledge of Insurance and Reinsurance;
• Very good Knowledge of Accounting
• Ability to work with limited supervision
• Working knowledge of Office productivity tools like Excel, Word, etc
• Strong interpersonal skills, detail-oriented and customer service-focused
• Team player with strong collaboration skills
• Solutions-oriented with an aptitude for solving problems and taking initiative
• Excellent written and oral communication skills
• Organizational skills and Ability to multitask;
• Ability to adapt to a fast-paced, high-production environment.
• Problem-solving skills with the capacity to take initiatives
• Capacity for analysis and reasoning
• Flexibility, Adaptability, and creativity
• Proficiency in MS Office. Experience and knowledge in a Accounting and Re/Insurance system will be an added value;
• Fluent in English. Working knowledge of the French Language will be an added advantage

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Support Staff Grade Levels
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and dependents.
• Housing Allowance
• Inflation Adjustment Allowance may increase or decrease depending on the economic situation.

Application Closing Date
10th May, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note

• Africa-Re is an equal-opportunity employer and offers a good working environment commensurate with international organizations.
• The Corporation reserves the right to appoint at the advertised grade level or at any other level that may suit the profile, qualifications, and experience of the successful candidate.