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

The African Reinsurance Corporation (Africa Re) is the leading Pan-African reinsurance company and the largest re-insurer in Africa. Headquartered in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Port Louis (Mauritius) and two (2) Contact Offices in Addis Ababa (Ethiopia) and Khartoum (Sudan). It also has three (3) Subsidiary Companies (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful Company Limited in Cairo (Egypt) and Africa Re Underwriting Agency in Dubai (UAE).

Africa Re has a broad-based shareholding of 42 African member States, the African Development Bank, 113 African insurance and reinsurance companies, and three (3) non regional shareholders, including leading global insurers, reinsurers and international finance institutions. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best Company and A - Standard & Poor’s.

We are recruiting to fill the position below:


Job Title: Assistant Accounting Officer

Location: Lagos
Grade Level: Support Staff


  • 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:

  • Carryingout daily cash allocation of receipts and payments
  • Reconciliation of cedant/broker accounts for the regional office
  • 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
  • Raising and posting of Journals arising from the reconciliation process
  • Cash matching of receipts and payments with related reinsurance debtor transactions for assigned cedants
  • Any other duties as may be assigned by the ADFA
  • Attend to any other duties as may be assigned by Supervisors and the Corporation’s Management from time to time.

Qualifications and Professional 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 working exposure in a multicultural environment will be an added advantage.
  • Relevant Professional qualifications will be added advantage
  • Relevant work experience in a Technical Accounts department of a Reinsurance Company or an Insurance Company is a must;
  • Relevant Professional Accounting Qualifications is required


  • Able to communicate effectively (written and oral) in English Language
  • Working knowledge of French Language will be an added advantage.

Main Competencies Required for this Position:

  • Advanced knowledge of all aspects of General Accounting.
  • Comprehensive knowledge of Insurance/Reinsurance environment.
  • Detailed oriented and customer service focused.
  • Ability to build relationships to ensure smooth business transactions.
  • Good Presentation and reporting skills.
  • Keen attention to detail with an ability to retain strategic direction.
  • 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.
  • 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.

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)
  • Medical cover for staff and dependents;
  • Housing Allowance
  • Inflation Adjustment Allowance that may increase or decrease depending on the economic situation.
  • 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)



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

Application Deadline  12th August, 2022.


  • Candidates are to complete the employment form by click the link above and uploading their Curriculum Vitae (CV).
  • The Company reserves the right to appoint at the advertised level or at any other level that may suit the profile, qualifications and experience of the successful candidate

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