Accountant at Absolute Insurance Brokers Limited – Ikeja, Lagos

Absolute Insurance Brokers Limited is recruiting an Accountant in Ikeja, Lagos, to manage financial records, reporting, premium and commission reconciliations, statutory compliance and financial controls.

Role overview

The Accountant will be responsible for managing the company’s financial records, ensuring accurate financial reporting, monitoring revenue and expenditure, reconciling insurance premiums and commissions, and maintaining compliance with applicable accounting standards, tax regulations and relevant insurance industry requirements.

The successful candidate will support management in making informed financial decisions through accurate financial information, effective financial controls and timely reporting.

Responsibilities

• Maintain accurate and up-to-date financial records, ledgers and accounting documentation.
• Prepare periodic financial statements, management accounts and other financial reports.
• Monitor and reconcile insurance premiums received, outstanding premiums, brokerage commissions and other income.
• Ensure proper reconciliation of bank accounts, customer accounts, insurer accounts and other financial transactions.
• Monitor accounts receivable and payable, ensuring timely settlement of obligations and recovery of outstanding balances.
• Process invoices, payment vouchers, receipts and other financial transactions in line with established internal control procedures.
• Prepare and monitor the company’s annual budget, cash flow projections and expenditure reports.
• Ensure accurate computation, documentation and remittance of applicable statutory deductions and tax obligations.
• Maintain proper documentation and accounting records for audit purposes and regulatory reviews.
• Support the preparation of statutory financial returns and reports required by relevant regulatory authorities, including NAICOM, where applicable.
• Monitor the company’s financial position and identify discrepancies, financial risks and opportunities for improved cost management.
• Liaise with banks, external auditors, tax consultants, insurance companies and other relevant stakeholders on financial matters.
• Ensure compliance with approved financial policies, accounting standards and internal control procedures.
• Perform other finance-related responsibilities as may be assigned by Management.

Requirements

• A Bachelor’s degree or HND in Accounting, Finance or a related discipline.
• Professional qualification such as ACA, ACCA or equivalent will be an added advantage.
• A minimum of 2–4 years of relevant accounting experience, preferably within an insurance brokerage firm, insurance company or financial services institution.
• Good understanding of financial reporting, account reconciliation, taxation and statutory compliance.
• Knowledge of insurance premium accounting, brokerage commissions and insurance financial operations will be an added advantage.
• Proficiency in Microsoft Excel and accounting software.

Requirements

• Strong numerical, analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Good knowledge of accounting principles and financial management practices.
• Strong organisational and time-management abilities.
• High level of integrity, confidentiality and accountability.
• Effective communication and interpersonal skills.
• Ability to work independently and meet strict reporting deadlines.
• Good understanding of internal control systems and financial risk management.