Head, Financial Reporting at Coronation Insurance Plc

Coronation Insurance is a leading West African full line insurance company offering a diverse range of products and services covering life, general and special risk businesses. Coronation Insurance is licensed to underwrite all classes of insurance, such as fire and special perils, goods-in-transit, all risk insurance and life insurance for both Individuals and Corporate entities.

We are recruiting to fill the position below:

Job Title: Head, Financial Reporting

Location: Lagos
Employment Type: Full Time

Principal Duties & Responsibilities
Financial Reporting Management:

• Prepare and review the quarterly and annual reports (i.e. financial statements, footnotes, MD&A etc.) as well as ensures compliance with all IFRS reporting requirements.
• Develop and maintain a consistent formal process to support financial reporting.
• Maintain a calendar of quarterly deliverables to keep all filings on schedule.
• Ensure compliance regarding internal controls over external financial reporting and technical accounting.
• Work closely with external auditors as related to financial reporting and technical accounting matters.
• Complete all relevant IFRS disclosure checklists and challenges the appropriateness of disclosures.
• Monitor the development and applicability of emerging accounting and reporting rules as related to the potential impact on the company’s financial statements.
• Work collaboratively with managers and controllers, corporate finance team, internal audit, and others with a focus on technical accounting matters and policies.
• Complete, review, and/or oversee the completion of memorandums to document the company’s application of technical accounting matters.
• Work closely with tax team members as their projects relate to technical accounting matters.
• Identify and assess new risk areas that arise as a result of major projects or process changes and changes in accounting guidance and advise management to ensure appropriate application.
• Prepare financial results and regulatory returns for the company
• Prepare monthly accounts and draft control accounts to ensure the balance sheet is complete and the profit and loss are accurate
• Ensure annual regulatory filings along with statutory notes and disclosures
• Support in compiling an annual budget and medium-term plans and quarterly forecasts by partnering with business areas
• Implement improved financial reporting systems and processes. 
• Monitor core controls such as balance sheet reconciliations across the business.
• Ensure accurate and timely financial MI to senior management. 
• Ensure accurate and timely regulatory reporting to relevant authorities. 

 People Management:

• Set performance objectives for team members in alignment with the strategic priorities of the company
• Provide guidance to team members and gives timely feedback to ensure continuous improvement in the quality of deliverables
• Motivate team members to maintain a high level of performance and excellent service delivery.

Key Requirements
Education and Work Experience:

• Bachelor’s degree in Accounting from a reputable university
• Relevant professional certifications such as Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), or Association of Chartered Certified Accountants (ACCA) is required.
• Previous relevant experience in insurance is required.
• Minimum of 8-10 years’ experience in financial accounting/reporting role in an Insurance company with a proven track record of outstanding performance

Skills and Competencies:

• In-depth knowledge of Financial Reporting 
• Excellent knowledge of Management Accounting
• Understanding of regulatory compliance 
• Experience in using relevant accounting software 
• Knowledge of tax planning and management 
• In-depth knowledge of International Financial Reporting Standards (IFRS) 
• Excellent Leadership and People Management skills
• Strong Financial and Business Acumen 
• Excellent Strategic thinking skills
• IFRS 17 implementation experience in an insurance company.
• Practical experience in the implementation of accounting system(s) in an Insurance company
• Proven Solvency II experience
• Extensive knowledge of MS Office tools
• Ability to work under pressure.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.