The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia).
Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers.
The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A – by Standard & Poor’s.
Africa-Re hereby announces the vacancy for the position of Manager, Risk Management, Compliance & Actuarial Services in the Risk Management, and Compliance & Actuarial Services Department at its Head Office in Lagos, Nigeria.
Providing direct support to the Director of Risk Management, Compliance and Actuarial Services in the day-to-day operations of the department, implementing appropriate risk management processes and methodologies to handle risk-related issues across the Corporation.
Under the supervision of the Director, the incumbent will carry out the following functions:
Identify and report risks across the Corporation by conducting risk workshops and reviewing risk registers in line with the Corporation’s strategy
Implement appropriate risk management processes and methodologies to handle risk-related issues across the Corporation
Advise and coach production centres on risk management by establishing a standard risk management approach to be used across all areas of the Corporation
Co-ordinate appropriate and timely delivery of risk management information in line with the Corporation’s risk management strategy and processes
Liaise with risk champions to regularly collect risk and financial data and perform analyses on such data
Update and manage the Corporation’s risk software
Support in analysing data and assumptions to be used in risk and capital modelling
Periodically review and maintain the Corporation’s risk and compliance related policies
Monitor risk exposures and compliance with risk policies
Liaise with business units to obtain KYC information on existing and new clients and business partners, as well as performing due diligence checks on such entities
Manage business continuity plans
Generate and prepare risk reports
Support in enterprise-wide risk awareness initiatives and communication
Support in coordinating rating exercises
Any other duties as may be determined by the supervisor from time to time.
COMPETENCIES AND ADDITIONAL REQUIREMENTS
Sound knowledge in data analysis and interpretation of financial statements
Excellent numerical and analytical skills
Sound knowledge of the financial services and Insurance / Reinsurance industry
Ability to multitask, learn fast, and proven capacity to work well under pressure
Excellent communication and presentation skills, as well as proven writing skills
Good interpersonal skills with ability to quickly build good and sustainable relationships with stakeholders
Ability to work successfully in multicultural teams and across boundaries
Very high integrity, good sense of responsibility, and able to maintain confidentiality
Genuine commitment to highest ethical standards and to sustainable development
Advanced proficiency in Microsoft Excel and excellent skills in other MS Office applications (Word, Access, PowerPoint)
Must have occupied similar positions
MINIMUM QUALIFICATIONS AND EXPERIENCE:
University degree and Masters (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus 5 years post qualification relevant work experience
University degree (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus full professional qualification in a relevant field, and 5 years post qualification relevant work experience
University degree (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus 9 years post qualification relevant work experience
Preferably, experience should be from a (re)insurance company
Professional qualifications in Risk management and Actuarial science will be an added advantage
Relevant Professional qualifications will be an advantage
SALARY AND BENEFITS
The successful candidate shall have the following benefits:
▪ Competitive Basic Salary on the Corporation’s Professional Staff Grade Level
▪ 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 family;
▪ Housing Allowance
▪ Home leave to country of origin every year paid by the employer (if non-national) ;
▪ Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.
ADDITIONAL REQUIREMENTS FOR CANDIDTATES FOR THIS POSITION
Applicants must also be:
Fluent in English and working knowledge of French will be an added advantage
Nationals of Members state of Africa Re
PROCEDURE FOR APPLICATION
Interested candidates are requested to visit the Africa-Re website at https://www.africa-re.com/career for full job descriptions, main specifications, salary & benefits and to complete the online employment form.
Africa-Re is an equal opportunity employer and offers good working environment commensurate with international organizations.
CLOSING DATE FOR SUBMISSION OF APPLICATIONS: 05 February 2020