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| African Trade Insurance Agency (ATI) |
AJIRA TANZANIA 2020 / NAFASI ZA KAZI 2020
African Trade Insurance Agency (“ATI”)
The African Trade Insurance Agency (“ATI”) is a pan-African multilateral financial institution established in 2001 by African States. ATI was originally launched with the technical and financial support from the World Bank Group and has had more recent support from the African Development Bank. ATI has grown into a market leader for risk mitigation in Africa, establishing itself as Africa’s primary trade and investment insurer and one of Africa’s largest Development Finance Institutions with an outstanding portfolio exceeding US$6bn at year end 2019.
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The African Trade Insurance Agency (“ATI”) is a pan-African multilateral financial institution established in 2001 by African States. ATI was originally launched with the technical and financial support from the World Bank Group and has had more recent support from the African Development Bank. ATI has grown into a market leader for risk mitigation in Africa, establishing itself as Africa’s primary trade and investment insurer and one of Africa’s largest Development Finance Institutions with an outstanding portfolio exceeding US$6bn at year end 2019.
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ATI
provides political and credit risk insurance to companies, investors
and lenders doing business in Africa. For over a decade, ATI has
maintained an A rating for Financial Strength and Counterparty Credit by
Standard & Poor’s, and in 2019 obtained a second A3/Stable rating
from Moody’s. ATI’s membership includes African Member States as well as
a number of corporate and institutional shareholders. Besides its head
office in Nairobi, ATI currently has offices in Benin, Côte d’Ivoire,
Tanzania, Uganda and Zambia.
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Position: Senior Accountant
Reporting to the Chief Financial Officer, the Senior Accountant is responsible for the following:
Primary Responsibilities
Develop, maintain and implement proper operational controls for financial efficiency
Ensure complete operational compliance with manuals and policies, Board and Management financial instructions 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-flow projections, 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 are timely 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 resolved in timely manner
Maintain and improve ATI’s accounting systems in liaison with the consultants and/or the software developers
Manage the annual budgeting process
Participate in the approval process of both capital and operational expenditure and ensuring budget availability
Keep the CFO fully informed at all times of any adverse or unusual circumstances which may affect the 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
QUALIFICATIONS & ATTRIBUTES
Academic Qualifications
A Master’s degree in Business Administration (MBA)
A Bachelor’s degree in Finance or Accounting
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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
Skills and attributes
In-depth knowledge of IFRS and accounting practices and procedures
Good knowledge of the Insurance/Banking Industry
High degree of honesty and integrity
Rigorous and proactive
Excellent time management and organization skills
Ability to work under pressure and meet deadlines
Ability to manage team and to resolve complex accounting matters
Good communication and interpersonal skills
Ability to work cohesively to achieve results through teamwork
Strong analytical skills
Excellent computer skills (accounting systems, Excel and the other standard office computer applications)
Good report writing and presentation skills
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How to Apply:
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.PDF
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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CHECK SCHOLARSHIPS OPPORTUNITIES TO STUDY ABROAD CLICK HERE! ATI offers a competitive salary and benefits package and a collegial working environment commensurate with other multilaterals. ATI reserves the right to not make an appointment to the above vacancies, or to make an appointment at a slightly higher or lower grade, or to make an appointment with a modified job description.
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