The African Reinsurance Corporation (Africa Re) is the leading Pan-African reinsurance company and the largest reinsurer in Africa, with a Financial Strength and Credit Rating of Africa Re is “A” by A.M. Best and “A – “by Standard & Poor’s.
Headquartered in Lagos (Nigeria) since its inception in 1976, Africa Re operates through
a) six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt), and Port Louis (Mauritius),
b) one (1) Contact Office in Addis Ababa (Ethiopia),
c) three (3) Subsidiary Companies (Africa Re South Africa Limited in Johannesburg, South Africa), Africa Retakaful Company Ltd. in Cairo (Egypt), and Africa Re Underwriting Agency in Dubai (UAE).
Africa Re has a broad-based shareholding of
• 42 African member States,
• the African Development Bank,
• 112 African insurance and reinsurance companies, and
• three (3) non-regional shareholders, including leading global insurers, reinsurers and international finance institutions.
Africa Re hereby announces the vacancy for the position of Assistant Accounting Officer – Credit Control in the Cairo (Egypt) Regional Office at the Support Staff category.
Reporting to the Assistant Director of Finance & Administration, the successful candidate will play a crucial role in maintaining prompt collection of premium income through maintenance of up-to-date statements of accounts for allocated market. Provide support to Technical Accounts & Claims Unit to facilitate prompt reconciliation of balances.
The duties of the Assistant Accounts Officer – Credit Control will comprise amongst others:
• Periodic (monthly) reconciliation of statements of accounts with ceding companies and brokers in the allocated market.
• Liaise with Technical Accounts and Claims Unit in ensuring all outstanding reconciling items are resolved timeously.
• Close follow up with ceding companies and brokers in the allocated market for settlement of outstanding balances
• Timely processing of receipts to the correct ceding companies/brokers accounts.
• Prompt cash-matching (allocation) of all receipts and payments.
• Maintain up to date contact details of all relevant personnel in all ceding companies and brokers in the allocated market.
• Provide up to date status of balances for Underwriters during market visit.
• Perform other related duties as assigned
• Prepare periodic aging analysis of receivables and flag overdue accounts.
• Generate monthly credit control reports for management review.
• Support internal and external audits by providing reconciliations and documentation.
• Track and report on collection efficiency and trends across assigned markets
• Monitor credit limits and payment terms for ceding companies and brokers.
• Escalate high-risk or persistently overdue accounts to senior management.
• Ensure compliance with internal credit control policies and regulatory standards.
The successful candidate shall be based in Cairo (Egypt).
• Good knowledge of re/insurance accounting.
• 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 manage 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
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 three (3) 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 two (2) years in the African and Middle East context.
• Experience in the reinsurance / insurance Industry is necessary.
• 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.
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 may increase or decrease depending on the economic situation.
Applicants must also be:
Nationals of one of the 42 member States of Africa Re.
Interested candidates are requested to visit the Africa-Re website at https://www.africa-re.com/career to complete the online employment form.
Africa-Re is an equal-opportunity employer and offers a good working environment commensurate with international organizations.
The Corporation reserves the right to appoint at the advertised grade level or at any other level that may suit the profile, qualifications and experience of the successful candidate.
The deadline for submission of interested candidates’ applications shall be 30 November 2025.
