Internal Control Officer (Reconciliation Desk) Needed at ARM Life Plc

ARM is a leading group of companies situated in Nigeria with branches scattered across the country. ARM Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non bank financial services firms in Nigeria with a focus on asset management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Internal Control Officer (Reconciliation Desk)

Location: Lagos

Job Summary

  • The officer will be responsible for ensuring accuracy and reliability of transaction data captured within Operations Unit and reconciliation of bank statements to portfolios/funds core applications
  • In addition, the officer will device and maintain a system of control sufficient to provide reasonable assurances on relevant company and clients’ related transactions
  • The Internal Control unit would cover transactions processed by ARM Investment Managers and ARM Securities.

Principal Duties and Responsibilities

  • Perform daily review of bank statements to identify outstanding transactions and resolution of reconciling items between the bank statements and the portfolios/funds core applications
  • Perform daily reconciliation of Mutual funds and ensure timely clearing of all outstanding transactions
  • Perform daily reconciliation of Instititional client funds and ensure timely clearing of all outstanding transactions
  • Perform monthly reconciliations of ARM and Custodian records, which will include CITI reconciliation, CSCS reconciliation, and any other reconciliation activity assigned to you by your supervisors
  • Document and circulate periodic reports to Management, and inputs on identified control gaps and key exceptions with needed process improvement opportunities
  • Liaise with process owners to ensure the timely implementation of remedial actions to address identified exceptions
  • Escalate instances of persistent instances of persistent control issues to Supervisor
  • Perform special investigations when necessary to safeguard firm assets (e.g., fraud)
  • Provide monthly internal control input for OPR collation, TAMCO, BARC and any such audience that may be required from time-to-time
  • Escalate exceptional or aged items to the portfolio Managers, Treasury, E-payment & settlement, Investment Administration and Fund Account
  • Conduct any reviews or tasks requested by Supervisor.

Requirements
Minimum Qualifications:

  • At-least 1-2 years experience in a similar role.
  • A B.Sc Degree in relevant field
  • Demonstrate good knowledge of accounting principles, financial markets and instruments (Preferably an accounting graduate).

Competency and Skills Requirements:

  • Good financial accounting and reporting skills
  • Good knowledge of MS Excel and other MS Office Applications
  • Team player
  • Good communication skills (oral & written).

Application Closing Date
Not Specified.

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