Assistant Accounting Officer at African Reinsurance Corporation

⏲ Feb 15, 2024, 8:23 PM
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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).

We have 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 Accounting Officer

Location: Lagos
Employment Type: Full-time

Responsibilities

The successful candidate shall report directly to the Assistant Director Finance & Administration (ADFA) of the Lagos, West Africa Regional Office and responsible for maintaining cedant account records and reconciling those on a regular basis.

Duties / Job Details
The main duties of the Assistant Accounting Officer shall comprise, amongst others, the following:

Carrying out daily cash allocation of receipts and payments
Reconciliation of cedant/broker accounts for the regional office
Raising and posting of Journals arising from the reconciliation process
Cash matching of receipts and payments with related reinsurance debtor transactions for assigned cedants
Providing technical accounting support to the underwriting team in the maintenance, processing and reconciliation of cedant/broker accounts
Engaging in collection of account balances due to the Corporation
Reconciliation of retrocessionaires accounts
Attend to any other duties as may be assigned.

Minimum Qualifications and Experience
Applicants shall be holders of:

Higher National Diploma (HND) or First University Degree or equivalent in a relevant field plus a minimum of 3 years’ relevant work experience
Relevant work experience in a Technical Accounts department of a Reinsurance Company or an Insurance Company is a must;
Relevant working exposure in a multicultural environment will be an added advantage;
Relevant Professional qualifications will be an added advantage.

Main Competencies Required for this Position:

Advanced knowledge of all aspects of General Accounting.
Ability to work without close supervision and within established timeframes
Ability to multitask and manage change
Excellent problem-solving skills (i.e. conceptual and analytical thinking).
High level of Integrity.
Proficiency in use of Microsoft Office: Word, Excel, PowerPoint, and knowledge of integrated business-related and accounting softwares will be an added advantage.
Detailed oriented and customer service focused.
Ability to build relationships to ensure smooth business transactions.
Good presentation and reporting skills.
Strong organizational skills with ability to manage, prioritize and effectively meet deadlines.
Problem solving skills with capacity for taking initiatives.
Reliable, flexible, creative, with good reasoning and ability to multitask.
Good knowledge of Oracle tools.
Integrity and sense of responsibility.
Comprehensive knowledge of Insurance/Reinsurance environment.
Keen attention to detail with an ability to retain strategic direction.