Assistant Manager, Treasury & Investments at the African Reinsurance Corporation (Africa Re)

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).

We are recruiting to fill the position below:

Job Title: Assistant Manager, Treasury & Investments

Location: Lagos, Nigeria
Department: Finance & Accounts

Responsibilities

The successful candidate shall assist to manage Africa Re group’s assets with the objective of capital preservation, liquidity and profitability in accordance with the Corporation’s policies on investment, liquidity and Asset and Liability Matching.

Duties/Job Details
The main duties of the Assistant Manager, Treasury & Investments shall comprise, amongst others, the following:

Review investment proposals, conduct due diligence and prepare investment recommendation reports for consideration by the investment committee and executive management;
Receive and analyze external fund managers’ transaction and performance reports and ensure their timely processing on a monthly basis;
Reconcile investment balances and income reported by the external managers with the related cashbook and general ledger;
Monitor external fund managers’ activities to ensure full compliance with investment guidelines with regards to performance relative to agreed benchmarks, sector allocation, rating quality, position limits and management fees among others and produce quarterly compliance report for management’s attention;
Manage counterparty exposure limits and report changes in the credit rating of counterparty depository banks of the Corporation;
Manage the relationship between Head office and the Regional Offices including Subsidiaries as well as any other third party by ensuring timely reporting of monthly portfolio valuation in respect of funds manage on their behalf;
Monitor closely the performance of the overall investment portfolio and follow up with the relevant parties internally and externally on matters requiring follow-up and updating;
Place Corporation’s multi-currency funds with approved counter party banks across the globe;
Review and make recommendations on the most appropriate ways to improve the Corporation’s investment guidelines;
Maintain data and detailed analysis of appropriate investment schedules for external audits and interactive rating reviews etc.;
Monitor compliance with the policies (Investments, liquidity and ALM)
Any other duties as may be determined by the supervisor from time to time.

Main Competencies

Strong analytical and financial modeling skills;
Good planning skills and Strong work ethics;
Strong interpersonal and communication skills;
Ability to work without close supervision and within established timeframes;
Good knowledge of finance and credit scoring tools;
Good knowledge of the reinsurance business;
High proficiency in financial and business analysis;
Ability to relate with people from different cultures and across boundaries
Demonstrated teamwork skills;
Proven capacity to work well under pressure;
Strong client service orientation with an openness to feedback and new ideas;
Good skill in business software tools: Word, Excel, Outlook and Financial applications (Bloomberg, Thomson Reuters)

Minimum Qualifications and Experience

Bachelor’s Degree or equivalent with recognized institution of higher learning with at least 7 years working experience;
Master’s Degree in Banking, Finance or Mathematics with at least 3 years working experience;
Experience in Corporate Finance, Treasury and Asset Management is required;
Professional Qualification in Investment Management, Treasury would be an added advantage
The working experience should be in an organization which operates or transacts in multi-currencies, multi-geographies and multi-assets

Salary & Benefits
The successful candidate shall have the following benefits:

Competitive Basic Salary on the Corporation’s Executive 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
Applicants must also be: