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Company Info

Large organization

200 + Employees

Cornerstone Insurance Plc. was incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Our organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.

Cornerstone Insurance Plc. was incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Our organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.

1). Team Lead, Tax & Bank Reconciliation

Location: Lagos

Employment Type: Full-time

Position Overview

  • The Team Lead for the Bank Reconciliation Team is responsible for overseeing the daily operations of the bank reconciliation process, ensuring accuracy and timeliness in reconciling bank statements with internal financial records.
  • This role requires a strong understanding of accounting principles, excellent leadership skills, and the ability to work collaboratively with various departments to resolve discrepancies and improve processes.

Key Responsibilities
Leadership and Team Management:

  • Lead, mentor, and develop a team of bank reconciliation analysts.
  • Assign tasks and manage workloads to ensure efficient operation of the reconciliation process.
  • Conduct regular team meetings to discuss progress, challenges, and updates.

Tax & Reconciliation:

  • Supervise the reconciliation of bank statements with internal ledger accounts.
  • Ensure all discrepancies are identified, investigated, and resolved promptly.
  • Approve reconciliations and ensure they are completed accurately and within deadlines.
  • Ensure compliance with tax laws and regulations specific to the insurance industry
  • Prepare and file accurate tax returns for the company, including federal, state, and local taxes.
  • Assist in developing and implementing tax strategies to optimize the company’s tax position
  • Provide support in tax planning initiatives and advise on tax implications of business decisions
  • Work closely with finance and legal teams to ensure alignment of tax strategies with overall business objectives.
  • Conduct internal audits to ensure accurate reporting and compliance.
  • Prepare tax provision and deferred tax calculations for financial statements.
  • Assist in the preparation of documentation and reports for tax audits and inquiries.
  • Identify and manage tax risks, including developing and maintaining tax risk management policies.
  • Provide advice and guidance to other departments on tax-related matters.
  • Maintain accurate and up-to-date tax records and documentation.

Process Improvement:

  • Identify and implement process improvements to enhance the efficiency and effectiveness of the reconciliation process.
  • Develop and update policies and procedures related to bank reconciliations.
  • Utilize technology and automation tools to streamline reconciliation activities.

Reporting and Documentation:

  • Prepare and present regular reconciliation reports to management.
  • Maintain comprehensive and up-to-date documentation of reconciliation processes and procedures.
  • Ensure compliance with internal controls and external audit requirements.

Stakeholder Collaboration:

  • Collaborate with various units such as Finance operations, payable, underwriting, Sales team and Treasury to resolve discrepancies and ensure alignment.
  • Act as a point of contact for internal and external auditors regarding reconciliation matters.
  • Provide training and support to staff and other stakeholders on reconciliation processes and best practices.

Risk Management:

  • Monitor and mitigate risks associated with the reconciliation process.
  • Ensure all transactions comply with regulatory requirements and internal policies.
  • Investigate and report any fraudulent activities or significant discrepancies.

Qualifications
Education and Experience:

  • Bachelor’s Degree
  • Minimum of 3 years of experience in bank reconciliation or a similar accounting role,.

Skills and Competencies:

  • Strong understanding of accounting principles and bank reconciliation processes.
  • Proficiency in accounting software and Microsoft Office Suite, particularly Excel.
  • Excellent analytical and problem-solving skills.
  • Strong leadership and team management abilities.
  • Effective communication and interpersonal skills.
  • High attention to detail and organizational skills.
  • Ability to work under pressure and meet tight deadlines.

Application Closing Date
26th May, 2024.

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2). Bank Reconciliation Officer

Location: Lagos
Employment Type: Full-time

Position Overview

  • The Bank Reconciliation Officer will be responsible for ensuring that all financial transactions are accurately recorded and reconciled between the company’s internal records and bank statements. This role involves verifying transaction details, identifying discrepancies, and resolving any issues to maintain the integrity of financial data.

Key Responsibilities
Reconciliation Activities:

  • Perform daily, weekly, and monthly bank reconciliations for all company bank accounts.
  • Verify and reconcile transactions between bank statements and internal financial records.
  • Investigate and resolve any discrepancies or variances identified during the reconciliation process.

Transaction Monitoring:

  • Monitor and ensure all deposits, withdrawals, and transfers are accurately recorded.
  • Review and reconcile incoming and outgoing payments, including premium collections, claim payments, and other transactions.

Documentation and Reporting:

  • Maintain accurate and up-to-date documentation of reconciliation activities.
  • Prepare reconciliation reports for management review, highlighting any issues or discrepancies.
  • Ensure compliance with internal policies and procedures as well as regulatory requirements.

Process Improvement:

  • Identify opportunities for process improvements and automation to enhance the efficiency of the reconciliation process.
  • Implement best practices and standard operating procedures for bank reconciliations.

Collaboration and Communication:

  • Collaborate with other departments such as Finance, Accounting, Claims, and Underwriting to resolve reconciliation issues.
  • Communicate effectively with banks and financial institutions to address any discrepancies or concerns.
  • Provide support and training to other staff members on reconciliation processes and procedures.

Compliance and Risk Management:

  • Ensure all transactions comply with company policies, industry regulations, and legal requirements.
  • Assist in internal and external audits related to bank reconciliations.
  • Monitor and report any potential risks or fraudulent activities.

Qualifications
Education and Experience:

  • Bachelor’s Degree
  • Minimum of 2 years of experience in bank reconciliation, accounting, or a related financial role.

Skills and Competencies

  • Strong understanding of accounting principles and bank reconciliation processes.
  • Proficiency in accounting software and Microsoft Office Suite, particularly Excel.
  • Excellent analytical and problem-solving skills.
  • High attention to detail and accuracy.
  • Effective communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • Good organizational and time management skills.

Additional Information:

  • This role is vital in ensuring the accuracy and integrity of financial records, contributing to the overall financial stability of the insurance company.
  • The Bank Reconciliation Officer will play a key role in maintaining efficient financial operations and supporting the company’s financial reporting requirements.

Application Closing Date
26 May, 2024

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3). Financial Planner

Location: Lagos
Employment Type: Full-time

Job Summary

  • Cornerstone is looking for young and dynamic individuals who can take the companies products to the customers on the go, also represent the company well on her products,

Description

  • He/she must be willing to meet customers on go and sertisfying the need of the customers on the products and services, he/she must have a good communication skills and be willing to work with other team members under minimal supervison

Responsibilities

  • He/she must build a good working relationship and also understand the need of a customer and also be able to interprete the services well,

Requirements
Education:

  • Applicants must have a minimum of B.Sc / HND qualification

Experience:

  • One or Two years working Experience in any financial institution would be an added advantage,

Skills:

  • A week training wouldbe conducted for products and companies knowledge and a better skills acquisition.

Salary

  • N50,000 – N100,000 / month.

Deadline: 22nd May, 2024.

How to Apply: Interested and qualified candidates should send their attached CVs to the emails below using the job title as subject of the mail:

Looking for the best HOST for your website? Hostinger is the BEST. Try It NOW!
Looking for the best HOST for your website? Hostinger is the BEST. Try It NOW!