Introduction of the Corporation
WAICA Re is one of the fastest growing reinsurance companies in Africa. WAICA Re is head quartered in Freetown (Sierra Leone) and operates through four (4) Regional Offices across Africa namely Lagos (Nigeria), Accra (Ghana), Abidjan (Côte d’Ivoire) and Tunis (Tunisia). It also has four (4) Subsidiary Companies namely, WAICA Re Zimbabwe Limited in Harare (Zimbabwe), WAICA Re Kenya in Nairobi (Kenya), an investments company namely WAICA Re Capital, Accra (Ghana) and WAICA Re (United Kingdom).
WAICA Re announces the vacancy of the position of Financial Accountant to be based at any of our Anglophone West Africa offices.
Job purpose
The Financial Accountant role is responsible for the timely and accurate production of the Corporation’s consolidated and separate financial statements, internal & external financial reporting and financial analysis as well as the annual and interim budgeting and forecasting process.
Working with the Chief Finance Officer, the Financial Accountant shall collect, process, record, reconcile and report on financial data, verifying the validity, completeness and accuracy of source documentation.
Job duties and responsibilities
- Preparation of monthly consolidated and separate financial statements covering statement of financial position, statement profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows, notes to the financial statements and statement of significant accounting policies.
- Ensure overall accuracy of the annual report and financial statements of the Group as well as compliance with applicable International Financial Reporting Standards (IFRS).
- Perform monthly and quarterly general ledger analysis on the various asset, liability, revenue and expense accounts.
- Ensure the fixed assets register is updated and reconciled to with the general ledger.
- Timely preparation of the annual consolidated budget and cash flow forecast for the Group
- Analysis of budget variances, including the review of explanations provided by budget holders as well as provide guidance to budget holders regarding corrective action.
- Undertake analysis of the consolidated and separate financial statements for both internal and external reporting.
- Co-ordinate the timely completion of the external audit of the financial records of the Group.
- Manage communications with external auditors on the audit of financial statements and any accounting issues raised to ensure auditor agreement with Group decisions on accounting disclosures, and issues.
- Create, implement and maintain comprehensive Group wide accounting policy documents to improve clarity and consistency.
- Any other finance related duties that may be assigned to you.
Candidate Profile:
Qualifications
- A degree in Accounting, Finance or equivalent
Professional qualifications
- Professional qualification like CA, ACCA or equivalent
Experience
- At least 5 years progressive experience in one of the Big 4 Audit Firms.
- Extensive experience in leading statutory audits, business and system reviews.
- Experience in auditing Insurance/Reinsurance company will be an added advantage.
Others
- Team player, strong communication, negotiation and training skills.
- Proactive & innovative mind-set.
- Cross cultural and cross functional skills.
Competencies
- Extensive knowledge of IFRS and IFRS Reporting
- Knowledge of insurance and reinsurance operations and accounting
- Robust understanding of management accounting and financial management
- Strong analytical skills with a high level of accuracy and attention to detail
- Ability to collaborate and communicate effectively to diverse stakeholders
- Advanced excel skills
Application Procedure
Interested Candidates for this role shall be required send an Application letter and a CV to vacancies [at] waicare [dot] com by the 19th of September 2022.