Team Lead, Internal Control at Guinea Insurance Plc

Guinea Insurance Plc was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General and Special Risks business underwriting categories. Our mission is to provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders.

We are recruiting to fill the position below:

Job Title: Team Lead, Internal Control

Location: Yaba, Lagos
Work mode: Hybrid (3 days on- site, 2 days remote)
Reports To: MD/CEO

Job Overview

• To Implement measure that would ensure the adherence to appropriate internal control framework and  procedures so as to minimize loss from non-compliance with the policies & procedures.

Job Responsibilities

• Ensure prompt response to auditors’ requests
• Continuous update of company’s bank authorized signatory list.
• Ensure Daily call-over of Transaction Checks/Reviews- Underwriting (Both Life and general)
• Ensure transactions processed by CPU, Claims, Underwriting and Re-Insurance are reviewed daily to identify any area of non-compliance with the company policies 
• Ensure prompt closure of control and audit exceptions
• Device Measure that will mitigate against reoccurrence of exceptions
• Ensure reports are rendered periodically based on unit reviews carried out.
• Prepare quarterly Spot-Check plan and ensure that Spot-Checks reviews of non-processing are carried out in line with the plan
• Ensure Security sweep on the Head Office and branches and collate reports
• Ensure that all the GLs proofs and daily bank reconciliation statement are prepared and reviewed for exceptions.
• Ensure only authorized users are given access to the system
• Ensure that the company’s Database has a proper backup and is available when required
• Ensure that all applications are certified before deployment
• Supervision of the Team including on the job training
• Archive/Inquiries – Review archive operations
• Follow up on CPU to prepare the bank reconciliation of all the company’s accounts daily and review same to ensure compliance on removal of outstanding items within stipulated time.
• Manage the investigation of reconciling items on the bank reconciliation statements with a view of resolving all issues within the target time
• Monitor bank account balances on a daily basis to ensure correct balances are maintained at all times
• Carry out review of monthly review of GL proof submitted by Head office Units and publish exception reports
• Carry out detailed Monthly review of GL proof Submitted by various units and follow up on prompt resolution of all the exception noted
• Send monthly GL and bank reconciliation exception report to management

Requirements

• A good First Degree in any discipline.  Masters’ degree will be an advantage
• Minimum of 5 years post qualification experience in Compliance & Internal Control within the financial services industry, of which at least 3 years must have been in the Insurance sector.
• Professional certifications such as CFA, CIS, ACCA, ACA, CFP,CFE,ACAMS, IT Certifications, etc

Required Knowledge, Skills & Abilities:

• Insurance Operations
• Accounting
• Credit Analysis / Appraisal
• Environmental / Industry Analysis
• Risk Management
• Operational risk
• Investment / Portfolio Management
• Assets & Liabilities Management
• Financial analysis / interpretation
• TQM
• Documentation

Generic Skills:

• Strategic Focus/ Orientation
• Integrity and Discretion
• Initiative/ Proactive
• Entrepreneurship
• Analytical skills / Problem solving
• Resilience, Tenacity and Integrity
• Interpersonal skills
• Communication (oral & written)

Supervisory Skills:

• Leadership
• Coaching /Leadership / Influencing
• Initiative/Entrepreneurship/ taking ownership
• Team building / conflict management
• Organization & coordination
• General managerial /administration.

Application Closing Date
2nd October, 2024.

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