Job Openings at ARM Life Plc, 28th March 2019

⏲ Mar 28, 2019, 10:18 AM
⋕ View all Banking & Financial Services jobs
⌂ See more jobs at ARM Life Plc

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. Established in 1994, ARM started operations as a traditional asset management company specialising in the management of quoted equities and fixed income securities. We are recruiting to fill the position below: Job Title: Audit and Risk Analyst Location: Ikoyi, Lagos Main Responsibilities

Develop annual audit plan for the subsidiaries and submit to the Audit, Risk and Compliance Committee for review and approval.
Execute country audits to assess controls, operational efficiencies and compliance with selected policies, procedures and regulations. Resolve audit problems that occur and develop modifications to coverage and schedule.
Perform special analyses and reviews, including compliance, instances of alleged fraud and unethical misconduct.
Review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for Board and Management.
Refer major audit issues to Head of Audit & Risk for resolution.
Research and keep abreast of country legislative issues, new audit regulations/trends and audit methodology. Discuss updates of new regulations with Head of Audit & Risk and relevant country departments.
Conduct periodic training workshops for in-country staff to promote awareness of governance, risk management, and internal controls.
Ensure work papers are adequately documented and audit evidence is sufficient.
Prepare accurate audit reports across country offices for the Audit, Risk and Compliance Committee.
Elicit information from knowledgeable internal/external sources about areas and functions to determine appropriate audit direction/methodology for the business units within the country office.
Assist external auditors as appropriate. Coordinating country office’s response to audit findings and recommendations.
Develop and implement fraud and unethical behaviour prevention programs driven by risk based support.
Update risks during operations as well as mitigation plans
Implement risk mitigation plan developed at corporate level
Consolidate risk exposure via compliance checklists in all country-level departments and give data to Project monitoring associate

KPIs:

Percentage of in-country staff trained on risk and compliance issues (15%)
Percentage of local compliance regulations met by required date (15%)
Corrective action response time (10%)
Number of implemented opportunities for improvement (OFI) vs. number of raised opportunities for improvement during internal and external audits (15%)
Percentage of business services in the country not covered by risk analysis (10%)
Savings generated and costs avoided associated with identified audit issues (5%)
Overall corporate performance (10%)
Feedback – The annual average rating from 360-degree surveys launched (10%)

Deliverables:

Country audits
Country audit reports
Implementation of country risk mitigation strategy report

Time Allocation:

Technical (90%)
Administrative (10%)

Requirements

Undergraduate degree or equivalent in Business, Accounting or Audit
4 years’ professional experience, with at least 2 years within a similar role

Skills:

Knowledgeable, skilful and experienced about Internal Audit
Knowledgeable about operating properties.
Gathers information nationally and internationally about what could be; visualises the future and assesses what needs to change; thinks strategically, considers wider effects thoroughly, including customers, shareholders and people; promotes and builds enthusiasm for the vision.
Good planning/project management skills
Exceptional negotiation, problem-solving and analytical skills
Superior communication skills, both verbal and oral
Exceptional attention to detail.
Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them.
Ability to exercise professional scepticism.
French speaking or willing to learn French within the first 6 months of employment.

Job Title: Institutional Sales Staff Location: Ikoyi, Lagos Job Summary

Responsible for driving ARM Life’s Institutional Sales (Group Life Assurance Policy’s) and develop relationships with Insurance Brokers, Small and Middle-Sized Organizations.

Principal Duties and Responsibilities

Acquire new Group Life Business through Brokers / Direct.
Identify and acquire new accounts in Public and Private Sector.
Manage partnerships with key stakeholders and leverage opportunities for the organization.
Champion continuous improvement with a strong focus on efficiency and effectiveness
To up-sell and cross - sell the group products and services with specific focus on business elements to existing and new members; manage sales pipelines and ensure that sales targets are adhered to and met by.
Closely liaise with Technical Team to provide timely and competitive quotes, as well as prompt claims settlement.
Rendition of daily and weekly performance report
Ensure customer retention through continuous awareness of transactions and deep customer understanding

Requirements