Assistant Accounts Officer

  • African Reinsurance Corporation
  • Lagos, Nigeria
  • Jul 04, 2018
Full time Accounting / Audit / Tax

Job Description


  • Responsible for the financial accounting activities of the Pools and preparation of the relevant financial statement of the Pools.


Duties/Job Details
The duties of the Assistant Accounts Officer shall comprise amongst others:

  • Updating & rendition of Pools members statement and shareholding
  • Preparation of annual/half year accounts of the Pools
  • Inter office reconciliation for all locations
  • Attending to any other duties as may be assigned by the Corporation’s management from time to time.
  • Timely processing of receipts for all premiums paid to the pools by our clients.
  • Preparation of monthly bank reconciliation statements for the Pools
  • Cash flow management
  • Processing & accounting for Dividend Payment to Pool Members

Job Requirement(s)

Main Competencies Required For This Position:

  • Basic knowledge of the accounting cycle, financial statement presentation using standards (IFRS, GAAP, SAM), 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.
  • Intermediate knowledge of the insurance/reinsurance;
  • Basic usage of word processing, spread sheets and presentation packages. Intermediate usage of accounting, auditing and financial applications (In Housed Developed Applications and other third party applications).

Job Demand(s)

Applicants must also be:

  • Fluent in English, working knowledge of French will be an added advantage;
  • Nationals of Members state of Africa-Re,
  • Less than 32 years old
  • Cognate work experience in financial services is an added advantage.


Applicants must be holders of:

  • 3 Years of experience of which 2 years are relevant work experience
  • Experience in the Reinsurance /Insurance industry would be an added advantage


Applicants must be holders of:

  • First degree ( or equivalent)
  • Membership of relevant professional bodies would be an added advantage
  • Additional professional qualifications in accounting and/or insurance would be an added advantage.

Job Benefits

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

  • Medical cover for staff and family;
  • Housing Allowance;
  • Transport Allowance;
  • Inflation Adjustment that may increase or decrease depending on the economic situation in the duty post.
  • Competitive Basic Salary on the Corporation’s Grade Level SS2
  • 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 (maximum 4 children)


Financial Analysis-Research-Reporting, Account Management (Non-Commissioned)



Additional Information

Location: Head Office, Lagos
Job Type: Full Time
Grade Level: Support Staff