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Senior Accountant Officer

3 months ago

Egypt Africa Re Full time
Job Description

RESPONSIBILITIES

Reporting to the Head of Finance & Administration, the Senior Accounts Officer will play a crucial role in maintaining accurate financial records, reconciling accounts, and ensuring compliance with accounting standards.

DUTIES/JOB DETAILS 

The duties of the Senior Accounts Officer will comprise amongst others:

  • Maintain General Ledger by recording financial transactions, preparing journal entries, and maintaining the general ledger.
  • Perform monthly intercompany reconciliations, and balance sheet reconciliations.
  • Assist in preparing financial statements, including income statements, balance sheets, and cash flow statements.
  • Analyze and explain variances between actuals and budgeted figures.
  • Participate in month-end, quarter–end and year-end closing processes and assist with year-end audits.
  • Ensure compliance with accounting standard and company policies.
  • Work closely with other departments to resolve accounting discrepancies and provide financial insights.
  • Efficiently code invoices, reconcile accounts, and close books monthly.
  • Post journal entries for investment funds for distributions and interest payments.
  • Coordinate and manage internal and external audit protocols.
  • Prepare quarterly management financial reports and financial analysis for the various profit centers managed by the regional office.
  • Ensure timely preparation of the company’s quarterly and annual financial statements.
  • Assist in maintaining relationships with auditors.
  • Prepare schedules and reports for the final annual audit for the Company’s accounts and
  • Perform any other duty that may be assigned by Management.
Job Requirements

MAIN COMPETENCIES REQUIRED FOR THIS POSITION

• Good knowledge of re/insurance accounting (both Takaful and Conventional non-takaful)

• Exhibit strong organizational, planning and reporting skills

• Ability to work and communicate (oral/written) effectively with all levels of Management.

• Ability to work independently without close supervision and within established timeframes

• Ability to work in a bi-lingual multi-cultural environment;

• Ability to multitask and mange change

• Excellent Problem-solving skills (i.e., conceptual and analytical thinking).

• High level of Integrity.

• Computer literacy with good interactive knowledge of financial and insurance applications as well as other Microsoft Office Packages;

• Fluent in English and Arabic with working knowledge of French. Proficiency in all three languages is an added advantage.

• Proficient in business software tools – word, excel and basic reporting systems.

• Behavioral competencies required include – self-motivating, discipline, punctuality, reliability, team spirit, good analytical skill and interpersonal relationship

QUALIFICATIONS AND PROFESSIONAL EXPERIENCE

Applicants shall be holders of:

• Minimum of a Bachelor's Degree in Accounting, Finance, Insurance, Risk Management, Economics, Commerce or any related discipline

• Minimum of seven (7) years post-graduation experience in similar roles preferably in the reinsurance industry, insurance industry, financial services sector.

• Relevant working exposure in a multicultural environment for at least four (4) years in the African and Middle East context.

• Experience in the reinsurance / insurance Industry is necessary.

• Experience in the Takaful reinsurance / insurance Industry is a plus.

• Knowledge of Insurance / Reinsurance practices will be an added advantage.

• Working experience with an external audit firm will be an added advantage.

• Previous experience in auditing is an advantage.

Applicants must also be:

· Proficient in Arabic as a native language.

· Fluent in either of the two working languages of the Corporation (French or English), with good knowledge of both being an added advantage.

· Nationals of member States of Africa Re.