Assistant Accounts Officer Job at African Reinsurance Corporation (Africa Re)

The African Reinsurance Corporation (Africa Re) is a pan-African financial institution with diplomatic status in its current 41 African member countries. Headquartered in Lagos (Nigeria), Africa Re has a continental network of regional and local offices in Lagos (Nigeria), Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Ebène (Mauritius), Cairo (Egypt) and Addis Ababa (Ethiopia) as well as two subsidiaries: Africa Re (South Africa) Ltd in Johannesburg and Africa Retakaful Ltd in Cairo (Egypt).

We are recruiting to fill the position of a qualified candidate in his Head Office in Lagos State (Nigeria):

Job Title: Assistant Accounts Officer

Location: Lagos

Job Description

  • The successful candidate shall be based in Lagos (Nigeria) with the possibility of redeployment to another Production Centre within the Africa Re Group.


  • The successful candidate will be responsible for the financial accounting activities of the Insurance Pools and preparation of its relevant financial statement.

Duties/Job Details
The duties shall comprise amongst others:

  • Timely processing of receipts for all premiums paid to the Pools by clients.
  • Preparation of monthly bank reconciliation statements for the Pools
  • Updating & rendition of Pools members statement and shareholding
  • Preparation of annual/half year accounts of the Pools
  • Inter office reconciliation for all locations
  • Cash flow management
  • Processing & accounting for Dividend Payment to Pool Members

Main Competencies:

  • Knowledge of the accounting cycle, financial statement presentation using standards (IFRS, GAAP) disclosure requirements & ethics and professional & accounting ethics
  • Basic knowledge of financial performance evaluation techniques, profit analysis & margins, cost accounting & management techniques and management control & decision making support
  • Good interpersonal skills, Disciplined, Reliable, with very high Integrity and good sense of responsibility;
  • Excellent skills in MS Office (Word, Excel, PowerPoint, and Outlook) is required and intermediate usage of accounting, auditing and financial applications (In House
  • Developed Applications and other third party applications).
  • Communication and Presentation skills
  • Organizational skills and Ability to multitask
  • Problem Solving skills with capacity for taking initiatives and decision;
  • Flexibility, Adaptability and Creativity

Qualifications and Professional Experience
Applicants shall be holders of:

  • First University degree or its equivalent in relevant fields plus 4 years post qualification relevant qualitative work-related experience with emphasis in a relevant discipline preferably in Accounting or Finance.
  • Membership of relevant professional bodies would be an added advantage
  • Additional professional qualifications in Accounting would be an added advantage.
  • Cognate work experience in Financial Services is an added advantage.
  • 4 Years of experience of which at least 2 years are relevant work experience in Accounting and/or Finance in the Insurance and/or Reinsurance industry.

Applicants must also be:

  • Fluent in English language
  • Working knowledge of French will be an added advantage.

Salary and Benefits
The successful candidate shall have the following benefits:

  • Competitive Basic Salary on the Corporation’s Grade Level SS2
  • Variable pay (Annual Performance Bonus)
  • Children education subsidy for each child up to 26 years (maximum 4 children)
  • Medical cover for staff and family;
  • Housing Allowance
  • Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)

How to Apply

Interested and qualified candidates should:
Click here to apply online

Application Deadline  16th October, 2015.

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