Financial Reporting Manager at AIICO Insurance Plc

AIICO Insurance Plc is an insurance, pensions management, and asset management Group in Nigeria, with market-leading positions in life assurance, annuity, general insurance, special risks, pension management, health insurance, and asset management. Established in 1963, AIICO Insurance Plc has a strong retail distribution network and is listed on the Nigerian Stock Exchange.

We are recruiting to fill the position below:

Job Title: Financial Reporting Manager

Location: Lagos
Employment Type: Full-time

Job Summary 

• The Financial Reporting Manager is responsible for preparing government financial filings and coordinating the company’s financial reporting teams.
• The role entails duties related to monitoring company financial statements and reports to verify their accuracy and to find ways to limit or reduce costs.
• He/she also review reports to analyze trends as well as help management to make important financial decisions that will affect the company’s budget and finances.
• Financial Reporting Manager must be an expert at preparing financial statements and activity reports that highlight business finances and forecasts.
• He/she is responsible for looking into the minute details of financial reports to ensure that all legal requirements are met. He/she supervises other financial reporting employees who assist with reporting tasks.

Responsibilities

• Oversee the preparation of monthly, quarterly, and annual financial statements and reports.
• Ensure compliance with financial reporting standards, regulatory requirements, and company policies, providing responses to queries from regulators and external auditors.
• Conduct regular audits to ensure the accuracy of financial information.
• Monitor and confirm financial condition by conducting audits and providing information to external auditors.
• Review, monitor, and manage budgets.
• Review and recommend improvements to financial reporting processes.
• Analyze financial data and create financial models for decision support.
• Monitor and update the financial reporting systems and databases
• Report to the FC with timely and accurate financial information.
• Keep abreast with changes in financial regulations and legislation.
• Assist the FC in preparing reports for management executives.
• Train and mentor financial reporting staff.
• Collaborating with other departments to gather information for financial reporting.

Requirements

• BSc/BA in accounting, finance or relevant field. Msc/MBA is an added advantage
• Professional certifications such as ACA, ACCA, etc is a must.
• Proven work experience (4 years and above) as a Financial Manager or similar role in a company with Group structure.
• Hands-on experience in application of IFRS 17 to financial reporting is a plus.
• Strong knowledge of accounting, data analysis and forecasting methods.
• Outstanding knowledge of IFRS (International Financial Reporting Standards), and other regulatory standards to ensure financial reports adhere to regulations.
• Strong attention to details 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.
• Superior leadership abilities to manage a team of financial professionals, assign tasks and monitor performance.
• Strong IT skills, including proficiency in financial software packages and MS Office Suite, particularly advanced Excel skills.
• Exceptional organizational skills to manage multiple tasks and deadlines, and to ensure timely and accurate reporting.
• Problem-solving skills to identify and resolve financial discrepancies and issues.
• High level of integrity and professional ethics as he/she handles confidential financial information.

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 reporting, financial management, and accounting. Ability to perform analytical review.

Functional Competencies:
Technical Expertise:

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

Financial Acumen:

• Ability to prepare detailed group financial statements in accordance with IFRS and other financial reporting and regulatory frameworks (NAICOM, SEC, etc). Perform review and analysis of financial statements and financial reports, and identify cost-saving opportunities.
• Strong analytical, financial reporting, and forecasting skills.

Technology Proficiency:

• Proficiency in using technology and software for financial reporting.

People Management:

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

Application Closing Date
4th 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.