Payable Officer at American International Insurance Company (AIICO)

American International Insurance Company (AIICO) Insurance Plc. is a Life Assurance Company which commenced operations in Nigeria in 1963. AIICO insurance plc is the leading player in the industry with the largest and most profitable agency network in Nigeria. It has acquired the highest quality of learning systems and processes.

We are recruiting to fill the position below:

Job Title: Payable Officer

Location: Lagos

Job Description

• The Team Member, Payables is responsible for supporting the processing and administration of disbursements for life and group life insurance transactions. This includes authorizing transactions on the FMS/TQ platform, preparing payment instructions, reconciling bank statements, monitoring payment failures, and maintaining accurate records.
• The role plays a key part in ensuring timely and accurate settlement of claims, benefits, and other financial obligations while adhering to internal control and audit requirements.

Job Details

• Transaction Authorization (TQ/FMS): Proficiency in reviewing and authorizing various life-related payments using internal financial systems.
• Bank Reconciliation: Ability to reconcile bank statements with internal payment logs and Excel trackers.
• Disbursement Support: Knowledge of insurance disbursement processes, including cheque printing, claims settlement, and benefit payouts.
• Payment Platform Monitoring: Daily monitoring of payment failures and ensuring follow-up actions are taken promptly.
• Documentation and Filing: Accurate and timely preparation of instruction letters and filing of physical records in line with audit standards.
• Excel and Record-Keeping Proficiency: Skilled in using Excel for reconciliation, tracking, and preparing callover sheets.

Requirements

• Bachelor’s Degree in Accounting, Finance, Business Administration, Insurance, or related field.
• Must have 2–4 years of experience in finance, accounts payable, or disbursements, preferably in an insurance or financial services environment.
• Familiarity with insurance processes (e.g., claims, benefits, maturity payments) is an added advantage.
• Experience working with financial systems such as TQ, FMS, or other ERP platforms.
• Proficient in Microsoft Excel and general accounting principles.

Application Closing Date
Not Specified.

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