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14 Mar 2019

Full-time Funds Account Officer at Old Mutual Nigeria

Nigeria Job bucket Staff Anywhere

Job Description

Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients’ circumstances.

The Job : Funds Account Officer

Job Status: Full Time Job,Graduate/Exp

Remuneration: Attractive,

Location: Nigeria

Job Profile

REF: 1191/NIGE/EU/Funds Account Officer/Nigeria/130319
Contract: Permanent
Category: Insurance
Offer: Market Related


  • This role is responsible for general accounting services for specific funds.
  • The incumbent is individually accountable for achieving results through own efforts and the support of others.

Job Specification

  • Prepare timely and accurate collection reports, expense reports, and other accounts for management use
  • Manages external audits of client funds and ensure issues are resolved.
  • Responsible for the completion of accounting tasks according to documented and specified processes.
  • Responsible for treasury management of client funds in accordance with trustee instructions.
  • Authorizes fund/scheme expenses and calculates taxes.
  • Responsible for posting  Transactions into their various General Ledger Codes
  • Responsible for asset liability matching including validation of unit prices & reconciliations.
  • Prepares management/trustee reports and statutory returns.
  • Responsible for general ledger maintenance, including adjustments resulting from client transaction fixes.
  • Initiates fund/scheme expenses.
  • Manages investment reconciliations, disbursements and receipting.
  • Helps maintain good relationships with stakeholders.
  • Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances.

Key Result Areas

  • Produces accounts for client funds.
  • Responsible for asset liability matching including validation of unit prices and reconciliations.

Expense Management:

  • Authorises fund/scheme expenses.
  • Calculates taxes.

Governance & Compliance:

  • Manages external audits of client funds and ensures issues are resolved.

Personal Effectiveness:

  • Accountable for service delivery through own efforts and the support of others.
  • Individually accountable for managing own time, tasks and output quality over periods of 1 day to a maximum of three months.
  • Makes increased contributions by broadening individual skills.
  • Collaborates effectively with others to achieve personal results.
  • Accepts and lives the company values.

Treasury Management:

  • Reviews monthly treasury activities – determines effect on fund/scheme accounts and makes appropriate recommendations.

Qualifications and Experience

  • A first degree or its equivalent in the relevant field
  • Minimum of 3 years work experience (relevant financial services experience is required)
  • ACA, ACCA or any Accounting Professional qualification from recognised professional body would be an added advantage
  • Excellent communication skills (verbal and written)
  • Strong analytical skills

How To Apply

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Job Categories: Accounting Jobs In Nigeria. Job Types: Full-time. Job Tags: Funds Account Officer jobs and Old Mutual Nigeria jobs. Salaries: N200,000-N300,000.


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