Expires 1 week from now
Payables Officer
Excel
full-time
| Assistant Executive - Executive
Lagos,
Lagos
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Job Summary
The Team Member, Payables is responsible for supporting the processing and administration of disbursements for life and group life insurance transactions. This includes authorizing transactions on the FMS/TQ platform, preparing payment instructions, reconciling bank statements, monitoring payment failures, and maintaining accurate records. The role plays a key part in ensuring timely and accurate settlement of claims, benefits, and other financial obligations while adhering to internal control and audit requirements.
Job Details
- Transaction Authorization (TQ/FMS): Proficiency in reviewing and authorizing various life-related payments using internal financial systems.
- Bank Reconciliation: Ability to reconcile bank statements with internal payment logs and Excel trackers.
- Disbursement Support: Knowledge of insurance disbursement processes, including cheque printing, claims settlement, and benefit payouts.
- Payment Platform Monitoring: Daily monitoring of payment failures and ensuring follow-up actions are taken promptly.
- Documentation and Filing: Accurate and timely preparation of instruction letters and filing of physical records in line with audit standards.
- Excel and Record-Keeping Proficiency: Skilled in using Excel for reconciliation, tracking, and preparing callover sheets.
Requirements
- Bachelor’s degree in Accounting, Finance, Business Administration, Insurance, or related field.
- Minimum of 2–4 years of experience in finance, accounts payable, or disbursements, preferably in an insurance or financial services environment.
- Familiarity with insurance processes (e.g., claims, benefits, maturity payments) is an added advantage.
- Experience working with financial systems such as TQ, FMS, or other ERP platforms.
- Proficient in Microsoft Excel and general accounting principles.
Benefits
Thrive Professionally and Personally at AIICO Insurance Plc.
At AIICO Insurance Plc., we believe in fostering an environment where individuals excel, both personally and professionally. We offer a comprehensive employee value proposition designed to empower you, support your well-being, and fuel your career aspirations.
We offer:
Stress-Free Work-Life: Hybrid work schedules, competitive leave, and reliable transportation.
Holistic Wellbeing: Health & and wellness programs, and subsidized gym memberships.
Grow with Us: Sponsorship for professional certifications, coaching, learning and development opportunities, and more.
At AIICO, we recognize that our employees are our greatest asset. We are committed to fostering a supportive culture where you feel valued, respected, and empowered to achieve your full potential.
Join us and embark on a rewarding career journey that makes a difference.
About Company
AIICO Insurance Plc
AIICO Insurance Established in 1963, AIICO Insurance Plc (NSE Ticker: “AIICO”) is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance and Asset Management. Background AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested. 1. Life and general insurance are strategic business divisions within AIICO. 2. AIICO Capital Limited – a subsidiary of AIICO providing asset management services for AIICO and 3rd parties. 3. AIICO Multishield Limited – a leading health maintenance organisation. Following the insurance industry's consolidation in 2007, the Company acquired NFI Insurance PLC and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO's pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.