Jobs at Leadway Assurance Company Limited

Leadway Assurance Company Limited is the leading composite Insurance Underwriter in Nigeria. Over the years, we have built a solid reputation on Integrity, Prompt Claims Settlement and Innovative Service.

The pivotal point at Leadway is “the customer” and the company has enjoyed a steady growth in its commitment to providing integrated insurance and financial services to its numerous customers.

Applications are invited from interested and qualified candidates to apply for the jobs at Leadway Assurance Company Limited.

Job Specifications:

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Job Description:
  • The primary purpose of the role is to lead, oversee and ensure the successful delivery and management of single or multiple projects within scope, quality, time and cost constraints that may be clearly defined or may require dynamic change management in order to deliver business value
  • The individual will immediately work closely with the Finance division and interface with consultants and other internal stakeholders to deliver IFRS 9 and 17 conversion as well as other Finance automation projects.
  • The individual must clearly demonstrate a proven background managing Finance / Actuarial Change within Insurance organisations, and ideally have worked on IFRS or Solvency II programmes previously – and therefore have a good understanding of financial reporting within Insurance businesses. The candidate will have prior experience of working within PMO in a large scale transformation programme (ideally within Insurance). The candidate must have the ability / gravitas to act as PMO Lead.

Primary Responsibilities and Activities

  • Analyze project proposals to determine time frame, funding limitations and appropriate process for accomplishing projects.
  • Identify and schedule project deliverables, milestones and required activities and tasks.
  • Provide leadership and motivation to project team members throughout the project life cycle, and confer with project staff to outline work plan.
  • Establish work plan and staffing for project activities, iterations or phases, and arrange for recruitment or assignment of project personnel.
  • Implement project communication plan.- Perform risk assessment, and implement mitigation plans.
  • Assign duties, responsibilities and scope of authority to project personnel.
  • Direct and coordinate activities of project personnel to ensure project progresses on schedule and within budget.
  • Review status reports prepared by project personnel, and modify schedules or plans as required.
  • Establish standards and procedures for project reporting and documentation.
  • Continuously benchmark project management performance to identify improvements and achieve higher capability maturity in PPM

Primary Contacts:

  • Project sponsor and/or key stakeholders
  • Project team/staff (including designated users or customers)
  • Business unit (BU) management/executives
  • Business analysts
  • User/customer product owner
  • External service providers’/consultancies’ project manager(s)
Qualifications and Requirements:

Educational Qualification:

  • Bachelor’s or Master’s Degree in Computer Science, Information Systems or related field; project management and/or general business management, or equivalent related IT experience. PM training and certification desirable, but not required.

Experience:

  • Three or more years of IT experience, with sensitivity and commitment to business problem solving
  • A minimum of two years of demonstrated competency in a senior project management role involving the execution of multiple projects or a large project
  • Three or more years of Business Unit (BU) or BU-facing experience, with sensitivity and commitment to business problem solving
  • Demonstrated experience in leading a team
  • Demonstrated experience and ability in successfully utilizing “soft skills” or “people skills”

Knowledge & Skills:

  • Ability to lead and motivate others; demonstrating empathy and knowledge of personality types
  • Familiar with project management methodologies (for example, PMI, Prince II and agile)
  • Demonstrated sensitivity to working and interacting with senior leadership
  • Knowledge of project planning tools
  • Exceptional verbal and written communication skills; expertise in setting and managing customer expectations
  • Distinctive blend of business, IT, financial and communication skills, as this is a highly visible position with substantial impact
  • Effective influencing and negotiating skills in an environment where this role may not directly control resources
  • Strong knowledge and understanding of business needs, with the ability to establish and maintain a high level of customer trust and confidence
  • Good understanding of current and emerging technologies and how other enterprises are employing them to drive digital business

Key Behaviors and Competencies
Management:

  • Examines issues and creates plans to mitigate risk
  • Generates ideas and critically evaluates future project scenarios
  • Skilled with tools and techniques of project scheduling and risk mitigation
  • Works to maintain alignment of short-term goals to support long-term strategy

Leadership:

  • Confers with project personnel to provide advice and to resolve problems
  • Encourages and facilitates cooperation and results orientation
  • Fosters an environment of collaboration
  • Inspires, motivates and guides project team members
  • Fosters creative approaches to problem solving and quality deliverables
  • Swiftly resolves conflict to minimize friction and maximize diversity of thought

Relationship Building:

  • Builds both formal and informal professional networks, and extends these networks within, across and external to organizational boundaries.

Business Acumen an Enterprise Knowledge:

  • Makes decisions and recommendations clearly linked to the organization’s strategy and financial goals, reflecting an awareness of external dynamics

Change Advocacy

  • Demonstrates personal commitment to change through actions and words.
  • Mobilizes others within and outside the project to support and enable change resulting from the projects.

Influencing:

  • Communicates ideas or positions in a persuasive manner that builds support, agreement or commitment.
  • Takes actions that directly or indirectly influence others to create buy-in, gain trust and motivate action.

Results Orientation:

  • Sets and accomplishes challenging goals.
  • Defines standards in terms of doing what is appropriate and doing it well.
  • Competes resourcefully, and takes calculated risks to achieve results.

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Financial Reporting Analyst

Job Specifications:

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Job Description:
  • This role support the team in ensuring timely and accurate completion of financial reports: To enhance business decision making, substantiate key balances and ensure there is no regulatory laws/accounting standards infraction or fine.

These objectives will be achieved through the following:

  • Generate a schedule to substantiate staff loan and Mortgage loan balances on periodic basis.
  • Post Agency loan transactions and generate schedule to substantiate balances periodically.
  • Post and prepare schedule of dividend & rent receivable (advance payment) and prepayment on a periodic basis.
  • Prepare and submit policy loan schedules and analysis in a timely manner on a periodic basis.
  • Post and reconcile payroll entries with Rewards team in HR department for monthly reporting.
  • Review management expenses posting on the system for accuracy and capture prepaid expenses accordingly for monthly amortization.
  • Share variance reports with the various department and take action to make necessary correction.
  • Review intra –company related postings on a periodic basis.
  • Prepare and intra-company schedule and ensure sign off of reconciliation on a period basis.
  • Generate both periodic and ad hoc reports as needed.

Job Dimensions Reporting Relationships:
Indirect Reports:

  • Finance Interns.

Stakeholder Management:
Internal:

  • Technical
  • Commercial
  • Customer Service

External:

  • External Auditors
  • Finance related Consultants
Qualifications and Requirements:

Academic:

  • Bachelor’s Degree or equivalent in Accounting or Finance related from a recognized Institution.
  • Membership of recognized Accounting Professional Association is an added advantage.

Desired Work Experience:

  • 2+ years of work experience in Financial, Statutory and Regulatory Reporting.
Explore More Opportunities

Senior Financial Reporting Analyst

Job Specifications:

Are you an Employer? Click HERE to Post A Job

Job Description:
  • This role support the team in ensuring timely and accurate completion of financial reports: To enhance business decision making, substantiate key balances and ensure there is no regulatory laws/accounting standards infraction or fine.

These objectives will be achieved through the following:

  • Timely preparation of monthly management reports before 5th of each subsequent month.
  • Prepare, review & submit NAICOM returns within stipulated timelines.
  • Review to ensure that the Financial Asset reconciliation and schedules are properly done, data are adequately capture and are in the right format
  • Preparation and submission of Investment properties schedules in a timely manner.
  • Reconcile technical numbers with internal stakeholders’ i.e. UPR, Reinsurance expense, Reinsurance recoveries & recoverable, outstanding claims, Insurance contract liabilities etc.
  • Prepare and submit ALM income analysis on a monthly basis for the Technical team.
  • Review and supervise Product reconciliation i.e. premium production, claims & DA.
  • Review inter –companies related postings on a periodic basis.
  • Prepare schedule and ensure sign off of reconciliation with subsidiary and related companies
  • To support in Coordinating External Audit.
  • Generate both periodic and ad hoc reports as needed.

Stakeholder Management:

Internal:

  • Technical
  • Commercial
  • Customer Service    

External:

  • External Auditors
  • Finance related Consultants

Decision Making Authority /Mandates/Constraints: the decisions the position holder is empowered to make

  • Aside all core functions and authorities ascribed therein; decisions are subject to approval by Financial Controller/CFO.
Qualifications and Requirements:

Bachelor’s Degree or equivalent in Accounting or Finance related from a recognized Institution.

  • Certified Accountant (ACA, ACCA)

Desired work experience:

  • 5+ years of work experience in Financial, Statutory and Regulatory Reporting.

Leadway Assurance Core Values Behaviors (ISCORE):

  • Integrity: Honesty, probity and uncompromised service consistently at all levels and with all stakeholders
  • Service: A desire to help or meet the needs of others. The ability to respond to the changing needs of the customer while maintaining a high standard of quality
  • Customer Focus: Customer Focus is the willingness and ability to give priority to customers, delivering high quality services which meet their needs
  • Openness: Objective, Honest and direct in communicating feelings and stance on any issue that would help advance a circumstance or issue
  • Respect for Individual: The ability to hold each and every stakeholder in high esteem, and value their input in service/product development and delivery.
  • Excellence: To continuously seek to provide exceptional product and service to support aspiration for life and business with high impact results

Ideal Job competencies:

  • In-depth knowledge of Financial Accounting and other aspect of accounting in general
  • In depth knowledge of Insurance  Accounting
  • Ability to understand Investment  transactions and give appropriate accounting interpretation as required by various laws & standards
  • Good Knowledge of relevant Accounting standards i.e. IFRS, IAS etc.
  • Must have an eye for details and be very observant of hidden issues inside numbers.
  • Ability to think out of the box
  • Ability to interpret financial reports and gain meaningful insight into it
  • Must be highly proficient in the use of Microsoft office application such as Excel, Word, PDF, Power Point, Outlook etc. Must be able to use simple accounting application such as Microsoft Dynamics, SAGE, etc.
  • Good Knowledge of Investment  applications
  • Ability to build accounts from Trial Balance to Final account with notes

Technical and Behavioral Competencies
Modeling and Forecasting:

  • Ability to develop excel spread sheet financial models for various finance reports.

Research, Experiment & Evaluation:

  • Ability to learn and be up to speed on new accounting trends and standards.
  • Ability to investigate and correct outliers and irregularities in trends of key financial numbers in the books of accounts.

Good leadership & Interpersonal Skills:

  • Good level of verbal and written communication
  • Proactive liaison with colleagues in technical and non-technical.
  • Build strong internal and external relationships

Flexible & Adaptable:

  • Ability to swiftly adopt and adapt to structural and functional changes and responsibilities.

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Method of Application

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Deadline: Not Specified

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