Principal/Senior Accounting Officers job at African Reinsurance Corporation

Vacancy title:
Principal/Senior Accounting Officers

[ Type: FULL TIME , Industry: Insurance , Category: Accounting & Finance ]

Jobs at:

African Reinsurance Corporation

Deadline of this Job:
31 July 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Friday, July 15, 2022 , Base Salary: Not Disclosed

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Learn more about African Reinsurance Corporation
African Reinsurance Corporation jobs in Kenya

Principal/Senior Accounting Officers (Nairobi - Kenya)

Introduction of the Corporation
The 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, reinsurers and international finance institutions.
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 positions of Principal/Senior Accounting Officers in her Nairobi Regional Office to be based in Nairobi, Kenya on the Support/Local Professional Staff Grade level.

Job Details

The Principal/Senior Accounting Officers will be responsible for the integrity of the financial records, processing and balances through a timely, complete and accurate processing of financial transactions by insuring that all the General Ledger accounts balances are properly classified, fairly stated, regularly reconciled and substantiated.

The main duties of the Principal/Senior Accounting Officers shall comprise, amongst others, the following:
• Provide leadership, guidance, routine supervision and regular checking on the duties of the Financial Accounts Clerks
• Check transactions posted into the cash books.
• Prepare and process monthly payroll, including management of employee loans and benefits.
• Prepare weekly liquidity report of circulation to Regional and Headquarters Management.
• Review and post all disbursement vouchers for all approved payments.
• Prepare and post financial journal vouchers.
• Analysis and reconciliation of general ledger accounts.
• Review, reconcile and clear all outstanding balances on supplier accounts.
• Reconciliation of inter-office current accounts.
• Prepare financial and management reports and other periodic returns to the head office.
• Prepare bank reconciliation statements for all banks.
• Provide relief duty to other staff members in the Finance & Accounts Department on ADFA or Regional Management’s instruction.
• Attend to any other duties as may be assigned by Supervisors and the Corporation’s Management from time to time.
The successful candidate shall be based in Nairobi, Kenya.

Main Competencies

• Advanced knowledge of all aspects of General Accounting.
• Comprehensive knowledge of Insurance/Reinsurance environment.
• Detailed oriented and customer service focused.
• Ability to build relationships to ensure 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.
• Good knowledge of Oracle tools.
• Integrity and sense of responsibility.
• Comprehensive knowledge of Insurance/Reinsurance environment.
• Keen attention to detail with an ability to retain strategic direction.
• Ability to work without close supervision and within established timeframes
• Ability to multitask and manage change
• Excellent problem-solving skills (i.e., conceptual and analytical thinking).
• High level of Integrity.
• Proficiency in use of Microsoft Office: Word, Excel, PowerPoint, and knowledge of integrated business-related and accounting softwares will be an added advantage.

Professional Experience

Applicants shall be holders of
• First University Degree in Accounting and/or Finance.
• 10 Years of experience in Financial Accounting or similar role within any reputable organization.
• Relevant work experience in the financial services sector and/or in international finance institutions or at similar level is required.
• Relevant working exposure in a multicultural environment will be an added advantage.
• Relevant Professional qualifications will be added advantage

• Able to communicate effectively (written and oral) in English Language
• Working knowledge of French Language will be an added advantage.

Salary & Benefits
The successful candidate shall have the following benefits:
• Competitive Basic Salary on the Corporation’s Support/Local Professional Staff Grade Levels
• 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 dependents;
• Housing Allowance
• Inflation Adjustment Allowance that may increase or decrease depending on the economic situation.

Work Hours: 8

Experience in Months: 120

Job application procedure
Interested candidates for this positions are requested to visit the Africa Re website    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.

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 31 July 2022
Duty Station: Nairobi
Posted: 15-07-2022
No of Jobs: 1
Start Publishing: 15-07-2022
Stop Publishing (Put date of 2030): 15-07-2065
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