Financial Analyst at AIICO Insurance Plc

AIICO Insurance Plc (NSE Ticker: “AIICO”), established in 1963, is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance and Asset Management.

We are recruiting to fill the position below:

Job Title: Financial Analyst

Location: Lagos
Employment Type: Full-time

Job Description

• A financial planning analyst is responsible for designing and implementing financial plans and strategies to help clients achieve their financial goals.
• The analyst must be adept at analyzing complex financial information, developing financial models, and maintaining a deep understanding of financial markets and investment products.

Roles and Responsibilities

• Consolidate and analyze financial data (budgets, income statement forecasts etc) considering company’s goals and financial standing.
• Provide creative alternatives and recommendations to reduce costs and improve financial performance.
• Building annual budgets and forecasts for different business units and consolidating into one master budget.
• Analyse past financial performance, preparing competitor analysis, and examining market trends along with commentary for management.
• Analyse the trends of key performance indicators (KPIs), especially relating to financial metrics of insurance businesses.
• Develop and continually improve budgeting, financial projections, and operating forecasts.
• Creating financial models to predict growth and forecast performance.
• Analyse previous budgets and forecasts and perform variance analysis to explain discrepancies.
• Evaluate new and existing projects, investments, and assets to determine their validity and appraise their value.
• Gain and update job knowledge to remain informed about novelty in the field.
• Consult with management to guide and influence long term and strategic decision making within the broadest scope.
• Support the management team and department leaders with data-driven analysis.
• Drive process improvement and policy development initiatives that impact the function.

Qualifications
Education:

• B.Sc / BA in Accounting, Finance or relevant field.

Professional Qualification:

• Professional certifications such as ACA, ACCA, CIMA.

Experience:

• Proven work experience (2 years and above) as a Financial Planning Analyst or similar role.
• Strong knowledge of accounting, data analysis and forecasting methods.
• Proficient in spreadsheets, databases, MS Office and financial software applications.
• Hands on experience with statistical analysis and statistical packages.
• Ability to perform research and compile reports.
• Outstanding presentation, reporting and communication skills.
• Strong attention to detail to produce accurate financial reports and for identifying any irregularities in data.
• Excellent analytical skills to interpret complex financial data and provide actionable business insights.
• Strong communication skills to present financial information clearly to both financial and non-financial stakeholders.

Core Competencies:

• Leadership: Strong leadership skills with the ability to inspire and motivate teams. Proven track record of managing and developing staff.
• Strategic Thinking: Ability to develop and implement long-term strategies that align with organizational goals. Strong analytical skills and the ability to make data-driven decisions.
• Communication: Excellent communication skills, both written and verbal. Ability to effectively communicate with all levels of the organization and external stakeholders.
• Problem-Solving: Strong problem-solving skills with the ability to identify issues, develop solutions, and implement changes effectively.
• Financial Acumen: Strong understanding of Financial Accounting and Reporting, Budgeting and Forecasting, and financial analysis, and accounting. Ability to perform analytical review.

Functional Competencies:
Technical Expertise:

• In-depth knowledge of financial accounting and reporting, Budgeting and Forecasting, financial analysis and financial management.
• Proficiency in computer-aided facility management (CAFM) software and other relevant technologies.

Financial Acumen:

• Ability to prepare detailed financial reports, perform review and analysis of financial statements and financial reports, and identify cost-saving opportunities.
• Ability to use financial modelling in forecasting and monitoring business perfomance.
• Strong analytical, financial reporting and forecasting skills.
• Technology Proficiency: Proficiency in using technology and software for financial analysis.

People Management:

• Experience in managing team.
• Ability to relate well with internal and external parties.
• Strong communication skills.
• Ability to achieve cost-effective solutions without compromising quality.

Application Closing Date
8th November, 2024.

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