The African Reinsurance Corporation (Africa Re) is the leading Pan-African reinsurance company and the largest re-insurer in Africa with a Financial Strength and Credit Rating of “A” by A.M. Best and “A –“ by Standard & Poor’s.
Headquartered in Lagos (Nigeria) since its inception in 1976, Africa Re operates through
a) six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Port Louis (Mauritius),
b) two (2) Contact Offices in Addis Ababa (Ethiopia) and Khartoum (Sudan),
c) one (1) Local Underwriting Representative Office in Kampala (Uganda),
d) three (3) Subsidiary Companies (Africa Re South Africa Limited in Johannesburg, South Africa), Africa Retakaful Company Ltd. in Cairo (Egypt), and Africa Re Underwriting Agency in Dubai International Finance Centre (DIFC, 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.
Africa Re hereby announces the vacancy for the position of Assistant Accounts Officer in the Head Office (Lagos, Nigeria) on the Support Staff Grade level.
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.
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
The successful candidate shall be based in Lagos - Nigeria.
• 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
Applicants shall be holders of a;
• 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.
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.
Interested candidates for this position are requested to visit the Africa Re website (https://www.africa-re.com/career) to complete the employment form and upload their curriculum vitae.
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.
The deadline for submission of interested candidates’ applications shall be the 10th of May 2024.
