Fresh Job at First Bank of Nigeria (FBN) Insurance Limited

FBNInsurance is a limited liability company licensed to transact lnsurance businesses in Nigeria. The Company is jointly owned by FBN Holdings Plc (65%) and the Sanlam Group, one of the largest financial institutions in South Africa (35%) and it officially commenced operations on the 1st September 2010. 

Drawing from the knowledge and experience of our owners, we intend to play a significant role in the development of the insurance industry in Nigeria. To achieve this, we are anchoring our operations on product innovation, efficient service delivery and prompt claim settlement.

Applications are invited from interested and qualified candidates to apply for Job at First Bank of Nigeria (FBN) Insurance Limited

Job Specifications:

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Job Description:

To provide effective and efficient support to the Chief Financial Officer through co-ordinating a range of activities related to budget planning and monitoring as well as reporting accurate financial and regulatory statement.

Job Responsibilities

  • To prepare a budget, a debt schedule and a cash flow projection.
  • ·Perform key balance sheet reconciliations and central journal postings
  • Creating and completing financial reporting systems
  • · Maintain orderly account filing system
  • Maintain the chart of accounts
  • · Prepare periodic reconciliation statements and ensure that bank           reconciliations are completed
  • Ensure proper management of accounts payable and receivable in a timely manner
  •  Monitoring and controlling cash flow
  •  Ensure that all activities being carried out in the department complies with all legal and regulatory requirements
  •  Carry out other duties as assigned by the CFO.

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Qualifications and Requirements:

  • A good first degree in Accounting/Finance. An advanced degree in MBA (Finance Major) is desirable
  • Minimum Experience
  • Minimum of 5 years cumulative experience in Finance and Accounting role
  • Professional Membership
  • Certified membership of ICAN/ACCA is an added advantage but a must between 1 year of hire.

Key Performance Indicators

  • Timeliness and accuracy of financial statements
  • No. of errors detected made in journal posting.
  • Timeliness and accuracy of management’s report.
  • No of complaints from internal and external customers regarding     confirmation/payment
  • % difference in the rate of productivity before and after training
  • Rate of default / timeliness of payment of salaries and other     compensation benefits to staff

Competence Requirements

Core Skills

  • Strong financial and accounting
  • Budget Analytical skills
  • Financial analysis and modelling skills
  • Up to date knowledge of accounting information
  • P/C personal productivity tools such as Microsoft Word, Excel, PowerPoint, Outlook etc.

Generic Skills

 An Ideal FBNIB person MUST be/have

  • Innovative (Disruptive and Creative in solving Problems)
  • Integrity (Inspire trust and confidence in customers and co-workers)
  • Respect (For self and others)
  • Customer Centric (Empathetic and Focused on Customer
  • Supervisory skills
  • Team building skills
  • Interpersonal and networking skills
  • Excellent negotiation skills.
  • Good Communications skills (written and oral)
  • Self-driven/proactive.
  • Excellent presentation skills
  • Attention to details

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Method of Application

Interested and qualified candidate for “Job at First Bank of Nigeria (FBN) Insurance Limited” should forward their CV to: using the position as subject of email. (Tip: Learn how to write a Professional CV)

Deadline: February 8, 2022

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