Technical Accounts Assistant at African Reinsurance Corporation

African Reinsurance Corporation - An International Financial Institution with Headquaters in Lagos (Nigeria), six Regional offices in Casablanca (Morocco), Nairobi (Kenya), Abijan (Cote d'Ivoire), Port Louis (Mauritius), Lagos (Nigeria) and Cairo (Egypt), as well as a subsidiary company in Johannesburg (South Africa), owned by 42 member states of the African Union (AU), the African Development Bank (ADB), the IFC (International Finance Corporation), the DEG (German Development Finance Institution), the FMO (Dutch private sector financing company), PROPRACO (Subsidary of the Agence Francaise de Development) and 107 insurance and reinsurance companies.

African Reinsurance Corporation announces the following position:

Job Title: Technical Accounts Assistant

Location: Lagos

Main Duties/Responsibilities
Posting of cash book, cash matching, reconciliation of retrocessionaires' accounts, preparing periodic reports on regional operations / the headquarters and reconciling general ledger accounts.

Detailed Duties/Responsibilities

• Reconciliation of retrocessionaires’ accounts.
• General correspondence and maintenance of retrocessionaires’ files
• Inter office reconciliation for all locations
• Cash matching of receipts & payments with reinsurance debtors.
• Collection of overdue reinsurance balances
• Preparing periodic reports for regional management and to the headquarters

Key Performance Indicators

• Accurate and timely rendition of periodic reports
• Prompt reconciliation of bank accounts within approved deadlines
• Regular resolution of all outstanding inter office accounts
• Good quality of work, minimum errors and handle details efficiently

Technical Competencies

• Basic knowledge of the accounting cycle, financial statement presentation using standards (IFRS, GAAP, SAM), disclosure requirements & ethics and professional & accounting ethics
• Basic knowledge of financial performance evaluation techniques, profit analysis & margins, cost accounting & management techniques and management control & decision making support
• Basic usage of word processing, spread sheets and presentation packages. Intermediate usage of accounting, auditing and financial applications (In Housed Developed Applications and other third party applications)

Minimum qualifications and Experience
Applicants should hold:

• First degree ( or equivalent)
• 3 Years of experience of which 2 years are relevant work experience.
• Membership of relevant professional bodies would be an added advantage.
• Additional professional qualifications in accounting would be an added advantage.
• Bilingualism EngIish/French would be an added advantage
• Experience in the Reinsurance /Insurance industry would be an added advantage

Additional Requirements for Candidates for this Position
Applicants must be:

• National of member States of Africa Re;
• Not more than 32 years old

Remuneration
Salary and other conditions of service are competitive to what is obtainable in similar organization.

Applicatiion Closing Date
23 November, 2012

Method of Application
Interested candidates are requested to:
Click here and apply online