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African Trade Insurance Agency is a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. With deep roots in Africa, we are best positioned to understand and assess the risks here and to help mitigate them. As a result, we offer robust risk solutions to our clients. Our financial partners have come to rely on our assessments because of our credibility, financial strength, and underwriting capacity.
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Job Summary
QUALIFICATIONS & ATTRIBUTES
Academic Qualifications
- A Master’s degree in Business Administration (MBA)
- A Bachelor’s degree in Finance or Accounting
- Professional Qualification
- Professional accounting qualifications e.g. CPA or ACCA
Experience
- At least seven (7) years’ work experience including in accounting, internal controls and audit
- Experience in the insurance industry
- Experience in team management and supervision
Responsibilities
- Develop, maintain and implement proper operational controls for financial efficiency
- Ensure complete operational compliance with manuals and policies, Board and Management financialinstructions and any applicable agreements
- Ensure that proper books of accounts are kept and are free of mistakes
- Ensure that deadlines are observed
- Manage monthly closure of accounts and ensure compliance with ATI’s Financial Statement Close
- Process (FSCP)
- Prepare, on a monthly basis and in timely manner, the financial reports, trend analysis, cash-flowprojections, performance analysis, variance analysis (against the budget)
- Assist in the preparation of quarterly reports to the Board of Directors
- Prepare the annual Financial Statements in accordance to IFRS in timely manner
- Keep abreast of new amended and revised IFRSs, analyzing their impacts and making sure they aretimely and properly implemented
- Coordinate with internal and external auditors
- Ensure that all standing instructions requiring any input control or action by the accounting unit are met
- and observed precisely and correctly at all times
- Supervise the work performed by the Accountants and ensuring all items are timely and properly
- booked, reviewing all journal entries before actual postings, reviewing all bank and balance sheet
- balance sheet reconciliations on a monthly basis and ensuring that all reconciling items are resolvedin timely manner
- Maintain and improve ATI’s accounting systems in liaison with the consultants and/or the softwaredevelopers
- Manage the annual budgeting process
- Participate in the approval process of both capital and operational expenditure and ensuring budgetavailability
- Keep the CFO fully informed at all times of any adverse or unusual circumstances which may affectthe ATI’s financial position
- Oversee the administration of the payroll
- Oversee the maintenance of the fixed asset register and ensuring its accurateness and completeness
- Maintain and improve manuals, policies and procedures
- Perform such other duties as may be assigned to you from time to time
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Job Summary
Qualifications & Attributes
Education
An advanced degree (at least Masters or equivalent) in engineering, environmental management, environmental sciences or relevant field.
Experience
At least 6 – 8 years of relevant experience in working with private sector firms across industry sectors (including infrastructure, agribusiness, and/or manufacturing) to identify
environmental/social risk and issues and develop mitigation measures to ensure compliance with good international industry practice. Exposure to African and global development institutions and their operational practice will be a desired attribute.
Responsibilities
- Provide technical expertise on key issues related to environmental and social impact assessment and on sustainability risks in the design, preparation, implementation and supervision of ATI’s operations taking into consideration best industry practices and standards
- Manage and conduct environmental and social safeguarding due diligence for underwriting
- Identify all key potential social and environmental impacts and risks of transactions and
- ensure that their magnitude and significance are well understood by internal underwriters and approvers
- Ensure that the policyholder understands the applicable ESG policies, guidelines and project-specific requirements, and has the necessary commitment and capacity to manage social and environmental impacts and/or risks adequately and supported by mechanisms that facilitate implementation necessary
- Conduct consultations with stakeholders in accordance with relevant policies and guidelines and be responsible for reporting on such operations, adding value to operations, including through external expertise where deemed
- Report on and disseminate good practices and generated knowledge.
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Job Summary
Qualifications & Attributes
- Strong credit experience, preferably with an African bank of credit institution
- Fluent in English and, preference will be given to candidates with additional fluency in French orPortuguese
- A minimum of 5 years banking and credit experience in one of the following regions: FrancophoneEast, Central or West Africa
- Good personal network in that region (banking and corporate)
- Master’s Degree in Business/Economics, or equivalent through experience
- Excellent communication and presentation skills
Responsibilities
Under the oversight of the Senior Credit Analyst and overall supervision of Chief Risk Officer, your functions and duties shall be as follows:
Key sectors of the economy and their performance
Quality and availability of information on companies
The regulatory environment i.e. government regulations and policies towards commercialentities
The legal environment i.e. security perfection, bankruptcy and legal ways for debt collection
- Undertake financial analysis of corporate customers using credit skills, ratio analysis; evaluation ofparent support policies; judgement of management and strategy. In this respect, analyse historicaland projected financial statements of potential and existing obligors, as well as potential and existingATI insured’s; monitor receipt of quarterly/annual financial information and credit grading of accountsfor annual review; monitor the quality of ATI’s credit exposure portfolio by ensuring that limits areconsistent and respected, and to identify and signal early warning signs of credit deterioration
- Review and update (as may be required from time to time) the organisation’s credit informationdatabase and obligor underwriting system
- Evaluate and understand risks associated with individual applications for insurance, the underlyingproject, parent support policies, quality of management and strategy and recommend appropriate riskmitigation measures
- Ensure compliance with ATI’s policies, including the provisions of the operations manual and ensurethat ATI’s policy breaches are properly authorised at the correct senior approving level
- Have contacts with key clients, banks and obligors in order to develop both general intelligenceon a given sector or region and specific information about private obligors and public buyers
- Evaluate and document the soundness of the credit management policies of lenders and traders;
- Contribute to debt collection and risk mitigation actions
- Contribute to corporate communication exercises, workshops and conferences
- Travel on regular basis to meet information sources, clients, banks, buyers and other business partners
- Perform such other duties as may be assigned to you from time to time
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Job Summary
Your main role will be to assist the Technical Accountant in the maintenance of accurate technicalaccounts, as per approved policies and procedures.
QUALIFICATIONS & ATTRIBUTES
Academic Qualifications
Professional Qualification
- Holds or working towards a Professional accounting qualification e.g. CPA, ACCA, CIMA
- Experience
- At least two (2) or three (3) years of relevant experience
- Experience in the insurance sector would be an added advantage
Responsibilities
- Assist in processing all the business transactions from the underwriting department ensuring that the premium, commissions, acquisition costs and reinsurance premiums are captured accurately
- Ensure proper filing and safe custody of accounting documents
- Assist in reconciling reinsurance treaty returns with the accounting records before processing the
- payments
- Assist on reinsurers and brokers’ payments and ensuring proper allocation of payments
- Assist in allocating premium receipts
- Assist in analyzing premium receipts and in determining any available free cash for investment
- purposes
- Perform bank reconciliations for premium and any other technical accounts
- Assist in booking bad debts
- Assist in requesting third-party statements and performing third-party reconciliations when possible
- Handle cash (petty cash, per diems, cash withdrawals & remittances) and cash deposits
- Assist in managing travel expenses
- Attend to audit queries as and when requiredPerform basic book keeping functions as may be requested
- Perform such other duties as may be assigned from time to time
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Job Description
Reporting to the Chief Risk Officer, the role will also support both the Finance and the Underwriting departments and will help on risk analysis, stress testing, reserving, pricing and implementation of IFRS17.
Responsibilities
- Develop or improve claims reserving methodologies
- Develop and maintain a reliable statistical database
- Develop a stress-testing model and conduct regular stress tests
- Prepare monthly, quarterly and annual reports
- Develop or improve ATI’s pricing model and monitor pricing adequacy for ATI’s overall book of business
- Assist with presentation of rate impacts to key stakeholders including senior management and ATI’s major accounts
- Help optimize ATI’s reinsurance program
- Establish and document actuarial procedures and methodologies
- Provide data, analysis and support to various external and internal customers; including auditors, reinsurers and reinsurance brokers, when required
- Stay abreast of trends and innovations in the actuarial profession related to pricing, reserving, credit and related areas
- Develop a thorough understanding of IFRS 17 requirements from both an actuarial and accounting perspective
- Advise and provide the necessary support on the IFRS 17 implementation project and proactively participate in the implementation of an IFRS 17 tool
- Coach other staff on the use and interpretation of standard actuarial procedures in the risk, underwriting, claims and finance departments
Qualifications & Attributes
- Qualified Actuary
- 6-8 years of experience in actuarial field, including supporting actuarial reserving, pricing or financial modeling in the financial sector, related to Corporate or Commercial Insurance. This experience period may include some time spent completing the qualification process
- Experience obtained in corporate or commercial banking or Insurance firms
- A combination of education and experience demonstrating the knowledge, skills and abilities required to perform the work will also be considered
- Familiarity with appropriate data analytics tools
- Ability to deliver timely, organized and consistent results
- Strong communication and interpersonal skills
- Written and oral English is pre-requisite
- French language proficiency is an added advantage
Method of Application
Please submit the following to recruitment@ati-aca.org
- An Application Letter (cover letter)
- CV including details of your current remuneration package along with details of three referees
- Personal History Form
The closing date for application is Saturday, 11th July 2020 at Midnight Nairobi time
Candidates are expected to be completely fluent in English therefore all applications must be submitted in English only.
Please note that once your application is submitted, ATI will only contact short-listed candidates. ATI does not accept unsolicited job applications.
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