Team Lead, Internal Control at Guinea Insurance plc

Work mode: Hybrid (3 days on- site, 2 days remote)

Reports To: MD/CEO

Job Overview:

To Implement measure that would  ensure the adherence to  appropriate internal control framework and  procedures so as to minimize loss from non-compliance with the policies & procedures.

Job Responsibilities;

• Ensure prompt response to auditors’ requests
• Continuous update of company’s bank authorized signatory list.
• Ensure Daily call-over of Transaction Checks/Reviews- Underwriting (Both Life and general)
• Ensure transactions processed by CPU, Claims, Underwriting and Re-Insurance are reviewed daily to identify any area of non-compliance with the company policies 
• Ensure prompt closure of control and audit exceptions
• Device Measure that will mitigate against reoccurrence of exceptions
• Ensure reports are rendered periodically based on unit reviews carried out.
• Prepare quarterly Spot-Check plan and ensure that Spot-Checks reviews of non-processing are carried out in line with the plan
• Ensure Security sweep on the Head Office and branches and collate reports
• Ensure that all the GLs proofs and daily bank reconciliation statement are prepared and reviewed for exceptions.
• Ensure only authorized users are given access to the system
• Ensure that the company’s Database has a proper backup and is available when required
• Ensure that all applications are certified before deployment
• Supervision of the Team including on the job training
• Archive/Inquiries – Review archive operations
• Follow up on CPU to prepare the bank reconciliation of all the company’s accounts daily and review same to ensure compliance on removal of outstanding items within stipulated time.
• Manage the investigation of reconciling items on the bank reconciliation statements with a view of resolving all issues within the target time
• Monitor bank account balances on a daily basis to ensure correct balances are maintained at all times
• Carry out review of monthly review of GL proof submitted by Head office Units and publish exception reports
• Carry out detailed Monthly review of GL proof Submitted by various units and follow up on prompt resolution of all the exception noted
• Send monthly GL and bank reconciliation exception report to management

Requirements;

• A good first degree in any discipline.  Masters’ degree will be an advantage
• Minimum of 5 years post qualification experience in Compliance & Internal Control within the financial services industry, of which at least 3 years must have been in the Insurance sector.
• Professional certifications such as CFA, CIS, ACCA, ACA, CFP,CFE,ACAMS, IT Certifications, etc

Required Knowledge, Skills & Abilities

• Insurance Operations
• Accounting
• Credit Analysis / Appraisal
• Environmental / Industry Analysis
• Risk Management
• Operational risk
• Investment / Portfolio Management
• Assets & Liabilities Management
• Financial analysis / interpretation
• TQM
• Documentation

Generic Skills

• Strategic Focus/ Orientation
• Integrity and Discretion
• Initiative/ Proactive
• Entrepreneurship
• Analytical skills / Problem solving
• Resilience, Tenacity and Integrity
• Interpersonal skills
• Communication (oral & written)

Supervisory Skills

• Leadership
• Coaching /Leadership / Influencing
• Initiative/Entrepreneurship/ taking ownership
• Team building / conflict management
• Organization & coordination
• General managerial /administration