Bank Reconciliation Officer at Coronation Insurance Plc

Lagos

Coronation

Company Info

Large organization

Coronation Insurance Plc

101 to 150 Employees

Coronation Insurance Plc has been in business for over 50 years, providing a wide variety of insurance coverage. Wapic, which was founded in 1958, has created a strong franchise in Sub-Saharan Africa’s main markets and has two subsidiaries: Coronation Life Assurance Limited and Coronation Insurance (Ghana) Limited. The Company has a history of providing discerning clients with efficient and transparent insurance solutions; a culture that reflects the company’s strength and leadership.

Title: Bank Reconciliation Officer

Location: Lagos

Principal Duties & Responsibilities

  • Ensure daily reconciliation of all bank accounts within the company
  • Rendition of daily proofs of all operational GLs in the company
  • Ensure prompt resolution of all outstanding items
  • Ensure prompt submission of reports to Internal control and other stakeholders
  • Ensure all GL entries are backed up with documentation and approvals
  • Ensure documentation and schedules are promptly provided by relationship officers
  • Ensure prompt posting of all sales recorded
  • Work closely with underwriters, CPU and the sales team to ensure all identified variances are promptly resolved
  • Reconciliation of all premium inflow into the accounts and sending periodic statements of accounts to brokers

Education and Work Experience

  • Bachelor’s Degree in Insurance, Finance, Accounting or any related discipline.
  • Professional certification such as CIIN, ACCA, ICAN or relevant qualification
  • Minimum of 5-7 years relevant experience in the Insurance industry

Required Skills and Competencies

  • Operations Management.
  • Process Improvement.
  • Strong knowledge of IFRS
  • Excellent mathematical and statistical skills.
  • Insurance principles and practices.
  • Financial and Management accounting.
  • Process Improvement.
  • Product Knowledge.
  • Organizational skills.
  • Excellent time management skills.
  • Strong Knowledge of underwriting, payments and collections.
  • Understanding of Accounting.
  • Understanding of the local and global financial services industry.
  • Stakeholder Management.

Deadline: Not Stated

How to Apply: Interested candidates should send resume and credentials to [email protected] Using Job Title as Subject

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