Africa Re recruits 01 Head of finance & administration

African Reinsurance Corporation (Africa Re)

Abidjan, Côte d’Ivoire

HEAD OF FINANCE & ADMINISTRATION
Abidjan Regional OfficeAbidjan, Côte d’IvoireClosing date for applications 2022-04-21Job Code:Grade Level:
Introduction of the CorporationThe 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 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 and reinsurers.
The Financial Strength and Credit Rating of Africa Re is A by A.M. Best Company and A– Standard & Poor’s.
Africa Re announces the vacancy for the position of Head of Finance & Administration in her Regional Office in Abidjan-Cote d’Ivoire on the Professional Grade Level.
Job DetailsRESPONSIBILITIESProvide timely and accurate financial information to Regional Management and Finance & Accounts Department at the Head Office;Ensure the safe keeping of the Corporation’s assets and proper maintenance of all accounting books, records and documents of the regional office, in accordance with the Corporation’s financial regulations and international accounting standards.
DUTIES/JOB DETAILSUnder the administrative guidance of the Regional Director and the functional supervision of the Group Director CFO, the key functions of the successful candidates will be to:
Lead in the preparation of the annual budget and controlling its implementation after due approval;Preparing periodic management information reports on the implementation of the budget and providing analytical information on material variances;Supervise the Finance & Accounts department team in the routine processing of financial and technical transactions, safe keeping of assets as well ensure regular periodic reconciliation of all general ledger accounts;Leading the process of managing the Region’s liquidity and investments by working with the Investment Committee to ensure a balanced mix of security and optimal return on the Corporation’s financial assets maintained in the Region;Liaising with the Underwriting team to ensure timely processing of technical entries and taking responsibility for the custody, processing and management of the collectionsSupporting the Regional Director in the smooth running of the office especially in the management of the Region’s human and material resourcesOversee the administration and maintenance of the Corporation’s properties including collection of rentals from tenants in the RegionManage the relationship with the internal and external audit functions as concerns the Region’s financial records and transactionsManaging the relationship with bankers – ensuring periodic substantiation of the balances, reviewing the relationship terms and processes for effectiveness on a regular basis, clearing any unspecified debit or credit entries on the bank statements, and negotiating terms and conditions of business transactions with the banksReviewing the monthly bank reconciliation statements and ensuring prompt clearance of all reconciling itemsManaging the purchasing function and the resulting relationship with suppliers, and working with the Tender & Asset Disposal Committee to obtain the best terms for acquiring and disposing the Corporation’s assetsAssisting the Regional Director in the management of the relationship with the host authorities, external solicitors and other external parties, such as cedants.Attend to any other duties as may be assigned by the supervisors.
LocationThe successful candidates shall be based in Abidjan (Cote d’Ivoire).
He/she may be redeployed to any of the Corporation’s office locations (Abidjan, Casablanca, Cairo, Mauritius, Nairobi) or its Head Office in Lagos.
Main CompetenciesMAIN COMPETENCIES REQUIRED FOR THIS POSITIONSound knowledge and understanding of Financial Accounting processes, transactions and related statements in line with IFRS requirementsknowledge of internal control processCapacity for technical and professional proficiency, particularly with regard Insurance and reinsurance accounting as well as risk assessmentAdvanced knowledge of insurance and reinsurance.Ability to train cedants and subordinateAbility to quickly build very good and sustainable relationship with cedants, external auditors or any other external stakeholders;Capacity to respect confidentiality and professional discretion.Capacity for taking initiatives and decision;Good supervisory skills.Capacity for analyzing, synthesizing and reasoningVery Good planning & reporting skills.High integrity, rigorous and good sense of responsibilityAbility to work under pressure in a very busy environment.Excellent computer skills required in Microsoft Office (Word, Excel, PowerPoint, etc.) and Knowledge of Oracle EBS or any other business-related software will be an added advantage
Academic QualificationsQUALIFICATIONS AND PROFESSIONAL EXPERIENCEApplicants shall be holders of
First University degree in relevant fields , plus Masters, plus 9 years post qualification relevant qualitative work experience with emphasis on Technical/Financial Accounting, Finance, Audit.Or
First University degree in Accounting, Finance, Audit plus full professional qualification, plus 9 years post qualification relevant qualitative work experience with emphasis on Technical/Financial Accounting, Finance, Audit.Or
First University degree in Accounting, Finance, Audit, plus 13 years post qualification relevant qualitative work experience with emphasis on Technical/Financial Accounting, Finance, Audit..Relevant work experience in a Finance & Accounts Department of a Reinsurance Company or Finance & Accounts Department of an Insurance Company is a must. The ideal candidate should have 5-10 years’ experience in the Insurance/Reinsurance industry.An Accounting professional qualification will be an added advantage.
Applicants must also be :
Fluent in FrenchWorking knowledge of English will be an added advantage.
Salary & BenefitsSALARY AND BENEFITSThe successful candidates shall have the following benefits:
Competitive Basic Salary on the Corporation’s Professional Grade LevelVariable pay (Annual Performance Bonus)Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)Housing AllowanceMedical cover for staff and family;Home leave to country of origin every one (1) year paid by the employer – if Non- Ivorian;Children education subsidy for each child up to 26 years (maximum 4 children)Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.Diplomatic status of an international civil servant, – if Non- Ivorian National;
Procedure for ApplicationPROCEDURE FOR APPLICATIONInterested candidates for this positions are requested to visit the Africa Re website (http://www.africa-re.com/career ) to complete the employment form and upload their curriculum vitae.
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.
Closing date for submission of applications: April 21, 2022.
POSTULER