July 31

Assistant Accounting Officer at Africa RE

Following a recommendation of the African Development Bank (AfDB), the African Reinsurance Corporation (Africa Re) was established on 24 February 1976 in Yaounde, Cameroon.

Grade Level: Support Staff


  • The successful candidate shall report directly to the Assistant Director Finance & Administration (ADFA) of the Lagos, West Africa Regional Office and responsible for maintaining cedant account records and reconciling those on a regular basis.

Duties / Job Details
The main duties of the Assistant Accounting Officer shall comprise, amongst others, the following:

  • Carryingout daily cash allocation of receipts and payments
  • Reconciliation of cedant/broker accounts for the regional office
  • Raising and posting of Journals arising from the reconciliation process
  • Cash matching of receipts and payments with related reinsurance debtor transactions for assigned cedants
  • Providing technical accounting support to the underwriting team in the maintenance, processing and reconciliation of cedant/broker accounts
  • Engaging in collection of account balances due to the Corporation
  • Reconciliation of retrocessionaires accounts
  • Any other duties as may be assigned by the ADFA
  • Attend to any other duties as may be assigned by Supervisors and the Corporation’s Management from time to time.

Qualifications and Professional Experience
Applicants shall be holders of:

  • Higher National Diploma (HND) or First University Degree or equivalent in a relevant field plus a minimum of 3 years’ relevant work experience.
  • Relevant work experience in a Technical Accounts department of a Reinsurance Company or an Insurance Company is a must;
  • Relevant Professional Accounting Qualifications is required
  • Relevant working exposure in a multicultural environment will be an added advantage.
  • Relevant Professional qualifications will be added advantage


  • Able to communicate effectively (written and oral) in English Language
  • Working knowledge of French Language will be an added advantage.

Main Competencies Required for this Position:

  • Advanced knowledge of all aspects of General Accounting.
  • Comprehensive knowledge of Insurance/Reinsurance environment.
  • Detailed oriented and customer service focused.
  • Ability to build relationships to ensure smooth business transactions.
  • Good Presentation and reporting skills.
  • Strong organizational skills with ability to manage, prioritize and effectively meet deadlines.
  • Problem solving skills with capacity for taking initiatives.
  • Reliable, Flexible, creative, with good reasoning and ability to multitask.
  • Good knowledge of Oracle tools.
  • Integrity and sense of responsibility.
  • Comprehensive knowledge of Insurance/Reinsurance environment.
  • Keen attention to detail with an ability to retain strategic direction.
  • Ability to work without close supervision and within established timeframes
  • Ability to multitask and manage change
  • Excellent problem-solving skills (i.e., conceptual and analytical thinking).
  • High level of Integrity.
  • Proficiency in use of Microsoft Office: Word, Excel, PowerPoint, and knowledge of integrated business-related and accounting softwares will be an added advantage.

Salary & Benefits
The successful candidate shall have the following benefits:

  • Competitive Basic Salary on the Corporation’s Support Staff Grade Levels
  • Variable pay (Annual Performance Bonus)
  • Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
  • Children education subsidy for each child up to 26 years (maximum 4 children)
  • Medical cover for staff and dependents;
  • Housing Allowance
  • Inflation Adjustment Allowance that may increase or decrease depending on the economic situation.


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