African Reinsurance Corporation (Africa Re) is a leading African Reinsurance Company, with its Headquarters in Lagos, Nigeria. Africa Re has six Regional Offices which includes; Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation additionally, has one (1) Branch Office in GIFT City (India), one(1) Local Office in Addis Ababa (Ethiopia), two Underwriting Representative Offices in Kampala (Uganda) and Kinshasa (DRC) as well as three (3) Subsidiaries (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and Africa Re Underwriting Agency Limited in Dubai (The United Arab Emirates).
Africa Re has a broad-based shareholding comprising 42 African member states, the African Development Bank (AFDB), 112 African insurance and reinsurance companies and three (3) non-regional shareholders including leading global Insurers and Reinsurers.
The Financial Strength and Credit Rating of Africa Re is A by A.M. Best Company and A by Standard & Poor’s.
The incumbent will carry out the following functions:
• Prepare monthly, quarterly, and annual financial reports in line with applicable standards as relevant to IFSC operations
• Ensure compliance with GIFT City/IFSC regulatory frameworks, including mandatory disclosures, reporting timelines, and audit requirements.
• Managing and maintaining Reinsurance Debtors balances.
• Verifying and analyzing the accuracy of account statements and bordereaux.
• Processing client statements (Cedants/brokers) with lines of business and underwriting year data.
• Efficiently following up on outstanding balances due from Cedants and Brokers for timely payment.
• Preparing relevant payment requests for the balances due to Cedants and Brokers.
• Providing support to Underwriters in managing and maintaining relationships with Cedants and Brokers.
• Posting of all receipts and payments.
• Preparation of monthly bank reconciliation
• Preparation of liquidity/collection report weekly
• Support in managing the liquidity and investments by working with the Head of Finance and Administration, Mauritius Regional Office to ensure a balanced mixed of security and optimal returns on the Corporation’s financial assets.
• Reconciliation of retrocessionaires’ accounts
• Handling general clerical tasks related to technical transactions and operations.
Support Staff category
The successful candidate shall be based in GIFT CITY, India but may later be transferred to other regional offices of the Corporation.
• A fundamental understanding of general accounting principles;
• Comprehensive knowledge of reinsurance principles and operational procedures;
• Strong knowledge of IFSC/GIFT City regulatory landscape.
• Detailed oriented and customer service focused;
• Ability to build and nurture relationships to facilitate 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;
• Proficiency in MS Office with strong Excel skills is required;
• A strong sense of integrity and responsibility.
Candidates for this position should meet the following qualifications and requirements:
• Possess a First University Degree in Accounting, Finance, or Insurance
• Professional certification will be an added advantage
• Have a minimum of 4 years of relevant experience in accounting or a similar role within the reinsurance or insurance industry.
The successful candidate shall have the following benefits:
a) Competitive Basic Salary on the Corporation’s Grade Level.
b) Variable Pay (Annual Performance Bonus).
c) Joint contribution to the Provident Fund (12% of the basic salary paid by staff and 12% by the Employer).
d) Children Education Subsidy for each child up to 26 years (maximum 4 children).
e) Medical cover for staff and recognized dependents;
f) Housing Allowance.
g) Transport Allowance
h) Inflation Adjustment allowance that may increase or decrease depending on the economic situation and inflation.
Applicants must also be:
a) An Indian National.
b) A good working knowledge of the second language (English or French) shall be an added advantage
Interested candidates are requested to visit the Africa-Re website at https://www.africa- re.com/career to complete the online employment form.
Applications can also be sent to admin.mauritius@africa-re.com
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 candida
CLOSING DATE FOR SUBMISSION OF APPLICATIONS
The deadline for submission of interested candidates’ applications shall be 30 June 2026.
