Treasury & Investments Officer

ABOUT AFRICA RE

The African Reinsurance Corporation (Africa Re) is the leading Pan-African reinsurance company and the largest re-insurer in Africa with the Financial Strength and Credit Rating of Africa Re is “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) One (1) Contact Office in Addis Ababa (Ethiopia),

c) 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 (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.

ADVERTISED JOB POSITION

Africa-Re hereby announces the vacancy for the position of Treasury & Investments Officer at her Head office based in Lagos, Nigeria in the Support Staff category.

RESPONSIBILITIES

The successful candidate shall assist the Director of Treasury & Investments in managing Africa Re group’s assets with the objective of capital preservation, liquidity and profitability in accordance with the Corporation’s policies on investment, liquidity and Asset and Liability Matching.

DUTIES / JOB DETAILS

The main duties of the Treasury & Investments Officer shall comprise, amongst others, the following:

• Responsible for data input into the treasury management system and other applications of the company and their maintenance.
• Prepare investment and payment instructions on time with accuracy.
• Perform investment analysis of investment transactions executed by external fund managers and those executed internally.
• Perform period reconciliation of bank balances and investment positions to ensure accurate reporting.
• Monitor the liquidity position to ensure enough funds to execute various payments.
• Participate in the forecast and annual budgeting process.
• Prepare period reports (liquidity, budget performance, investment tracker, etc.) in line with IFRS standards requirements.
• Perform any other duties as may be assigned by Supervisors and Management from time to time.

JOB LOCATION

The successful candidate shall be based in Lagos (Nigeria).

COMPETENCIES AND ADDITIONAL REQUIREMENTS

• Strong analytical and financial modeling skills.

• Excellent planning skills and a strong work ethic.

• Strong interpersonal, communication and teamwork skills with an ability to collaborate across cultures and boundaries.

• Ability to work independently within established timeframes and maintain confidentiality with sensitive financial information.

• Proficiency in finance, credit scoring tools, and treasury management operations, with a good understanding of reinsurance and capital market operations.

• Client service orientation, openness to feedback and ability to handle pressure.

• Proficiency in business software tools, including financial applications (e.g., Bloomberg, Thomson Reuters), and in Microsoft Office Suite.

• Relevant experience in treasury or investment applications is preferred, with a good understanding of payment processing, especially Swift messages.

• Ability to communicate and write effectively in English and/or French, with a working knowledge of either language.

MINIMUM QUALIFICATIONS AND EXPERIENCE:

Applicants shall be holders of:

• A University Degree in a relevant discipline, plus a minimum of 5 years’ practical work experience - particularly in Treasury & Investments management.
• Relevant work experience in the treasury & Investments department of a re/insurance company and/or a financial institution is a must.
• Relevant Professional qualifications will be an added advantage
• Ability to work effectively in a multicultural environment

SALARY AND BENEFITS

The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Support Staff Grade Level.
• 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 family.
• Housing Allowance.
• Inflation Adjustment (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.

ADDITIONAL REQUIREMENTS FOR CANDIDTATES FOR THIS POSITION

Applicants must also be:

• Fluent in English

• Working knowledge in French shall be an added advantage.

PROCEDURE FOR APPLICATION

Interested candidates are requested to visit the Africa-Re website at https://www.africa-re.com/career to complete the online employment form.

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.

CLOSING DATE FOR SUBMISSION OF APPLICATIONS

The deadline for submission of interested candidates’ applications shall be 20th November 2024