The African Reinsurance Corporation (Africa Re) is the premier reinsurance company in Africa, headquartered in Lagos, Nigeria. With a presence in key regions across the continent, Africa Re operates through six regional offices located in Casablanca (Morocco), Abidjan (Côte d'Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt), and Ebene (Mauritius). Additionally, Africa Re has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), and Africa Retakaful in Cairo (Egypt), along with a local office in Addis Ababa (Ethiopia).
Africa Re boasts a diverse and robust shareholding structure, comprising 41 African member states, the African Development Bank (AfDB), 114 African insurance and reinsurance companies, as well as three prominent non-regional shareholders, including leading global insurers and reinsurers. The company is highly rated for its financial strength, with an 'A' rating by A.M. Best and an 'A-' rating by Standard & Poor’s.
Job Opportunity: Treasury & Investments Officer
Africa Re is seeking a skilled and dedicated individual to join its team as a Treasury & Investments Officer based in Lagos, Nigeria. The successful candidate will work closely with the Director of Treasury & Investments in managing the assets of the Africa Re Group, ensuring capital preservation, liquidity, and profitability in accordance with the Corporation's policies on investment, liquidity, and Asset and Liability Matching.
Responsibilities
The Treasury & Investments Officer will have a variety of key responsibilities, including:
- Treasury Management System: Inputting and maintaining data in the company’s treasury management system and other applications.
- Liquidity Monitoring: Ensuring adequate liquidity to meet various payment obligations.
- Forecasting and Budgeting: Participating in the forecasting and annual budgeting process.
- Reporting: Preparing periodic reports such as liquidity, budget performance, and investment tracking in line with IFRS standards.
- Investment Instructions: Preparing accurate and timely investment and payment instructions.
- Investment Analysis: Conducting analysis of transactions executed by external fund managers as well as internal transactions.
- Reconciliation: Performing periodic reconciliation of bank balances and investment positions to ensure accurate reporting.
- Other Duties: Handling additional responsibilities as assigned by supervisors and management.
Academic Qualifications
To be considered for this role, applicants must meet the following criteria:
- A University Degree in a relevant discipline.
- A minimum of 5 years' practical experience, especially in Treasury & Investments management.
- Experience in the treasury and investments department of a re/insurance company or financial institution is essential.
- Relevant professional qualifications will be an added advantage.
- Ability to work effectively in a multicultural environment.
Core Competencies & Skills
Candidates should demonstrate the following core competencies and additional skills:
- Analytical and Financial Modeling Skills: Strong ability to analyze financial data and build models.
- Planning and Organizational Skills: Excellent planning skills and a strong work ethic.
- Communication and Teamwork: Strong interpersonal skills with an ability to collaborate across diverse cultures and teams.
- Business Software Proficiency: Familiarity with financial applications (e.g., Bloomberg, Thomson Reuters) and Microsoft Office Suite.
- Treasury & Investment Knowledge: Familiarity with treasury applications and payment processing, particularly Swift messages.
- Bilingual Proficiency: Ability to communicate in both English and/or French is required, with knowledge of either language being a significant advantage.
- Confidentiality and Independence: Ability to work independently, maintain confidentiality, and handle sensitive financial information.
- Client Service Orientation: Strong client service focus, openness to feedback, and ability to manage pressure.
Salary & Benefits
The successful candidate will receive a competitive salary package, which includes:
- Basic Salary: Competitive, based on the Corporation’s Support Staff Grade Level.
- Variable Pay: Annual performance-based bonus.
- Provident Fund Contribution: Joint contribution to the Provident Fund (7% paid by staff, 14% paid by the employer).
- Children Education Subsidy: Subsidy for up to four children (up to 26 years of age).
- Medical Coverage: Comprehensive medical coverage for staff and their family.
- Housing Allowance: Provided for accommodation.
- Cost of Living Adjustment: Inflation-based adjustment to salary, paid in local currency.
How to Apply
Interested and qualified candidates should submit their applications by clicking here.
Important Notes
- Africa Re is an equal-opportunity employer and offers a conducive working environment in line with international standards.
- The Corporation reserves the right to appoint candidates at the advertised grade level or a different level that best matches the qualifications, profile, and experience of the successful candidate.
- Application Deadline: 20th November, 2024.
Final Remarks
Candidates are encouraged to apply promptly to ensure consideration for this exciting opportunity at Africa Re.
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