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Latest Job: Head, Financial Reporting at Coronation Insurance Plc

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    Coronation Insurance Plc has been in operations for over half a century, offering a comprehensive range of insurance coverage. Established in 1958, Wapic has built a strong franchise in the largest economies in Sub-Saharan Africa and operates two subsidiaries; Coronation Life Assurance Limited and Coronation Insurance (Ghana) Limited.
    The Company has a history of delivering efficient and transparent insurance solutions to discerning clients; a culture reflective of the strength and leadership which underpins the company’s foundation.

    Read more about this company

     

    Head, Financial Reporting

    • Job Type Full Time
    • Qualification BA/BSc/HND
    • Experience 8 – 10 years
    • Location Lagos
    • Job Field Finance / Accounting / Audit&nbsp

    Principal Duties & Responsibilities

    Financial Reporting Management

    • Prepare and review the quarterly and annual reports (i.e. financial statements, footnotes, MD&A etc.) as well as ensures compliance with all IFRS reporting requirements.
    • Develop and maintain a consistent formal process to support financial reporting.
    • Maintain a calendar of quarterly deliverables to keep all filings on schedule.
    • Ensure compliance regarding internal controls over external financial reporting and technical accounting.
    • Work closely with external auditors as related to financial reporting and technical accounting matters.
    • Complete all relevant IFRS disclosure checklists and challenges the appropriateness of disclosures.
    • Monitor the development and applicability of emerging accounting and reporting rules as related to the potential impact on the company’s financial statements.
    • Work collaboratively with managers and controllers, corporate finance team, internal audit, and others with a focus on technical accounting matters and policies.
    • Complete, review, and/or oversee the completion of memorandums to document the company’s application of technical accounting matters.
    • Work closely with tax team members as their projects relate to technical accounting matters.
    • Identify and assess new risk areas that arise as a result of major projects or process changes and changes in accounting guidance and advise management to ensure appropriate application.
    • Prepare financial results and regulatory returns for the company
    • Prepare monthly accounts and draft control accounts to ensure the balance sheet is complete and the profit and loss are accurate
    • Ensure annual regulatory filings along with statutory notes and disclosures
    • Support in compiling an annual budget and medium-term plans and quarterly forecasts by partnering with business areas
    • Implement improved financial reporting systems and processes. 
    • Monitor core controls such as balance sheet reconciliations across the business.
    • Ensure accurate and timely financial MI to senior management. 
    • Ensure accurate and timely regulatory reporting to relevant authorities. 

     People Management

    • Set performance objectives for team members in alignment with the strategic priorities of the company
    • Provide guidance to team members and gives timely feedback to ensure continuous improvement in the quality of deliverables
    • Motivate team members to maintain a high level of performance and excellent service delivery.

    Key Requirements

    Education and Work Experience

    • Bachelor’s degree in Accounting from a reputable university
    • Relevant professional certifications such as Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), or Association of Chartered Certified Accountants (ACCA) is required.
    • Previous relevant experience in insurance is required.
    • Minimum of 8-10 years’ experience in financial accounting/reporting role in an Insurance company with a proven track record of outstanding performance

    Skills and Competencies 

    • In-depth knowledge of Financial Reporting 
    • Excellent knowledge of Management Accounting
    • Understanding of regulatory compliance 
    • Experience in using relevant accounting software 
    • Knowledge of tax planning and management 
    • In-depth knowledge of International Financial Reporting Standards (IFRS) 
    • Excellent Leadership and People Management skills
    • Strong Financial and Business Acumen 
    • Excellent Strategic thinking skills
    • IFRS 17 implementation experience in an insurance company.
    • Practical experience in the implementation of accounting system(s) in an Insurance company
    • Proven Solvency II experience
    • Extensive knowledge of MS Office tools
    • Ability to work under pressure.

    Method of Application

    Interested and qualified? Go to Coronation Insurance Plc on www.linkedin.com to apply

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