ARM Life formerly CrystaLife Assurance Plc. 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. However, over the years, the Firm has taken advantage of opportunities in various sectors of the Nigerian economy and has proven its ability to identify and develop new strategic businesses and integrate these to strengthen its asset management business model. This ability has resulted in the evolution of the Firm into a diversified financial services institution with businesses divided into two distinct parts within which various products and bespoke asset management services are offered to our diverse clients, focusing on Traditional Asset Management and Specialised Funds. ARM currently manages total assets of over N500bn.
ARM Life has a strong track record in the group life insurance sector with favourable references across the industry. It is licensed and regulated by the National Insurance Commission of Nigeria (NAICOM) to underwrite Life, Annuity and Health insurance.Job Summary
The Finance Manager acts as a strategic advisor to designated ARM business units. They provide commercial insight, financial planning, performance analysis and support for business decision making to drive sustainable growth, profitability and operational efficiency. This role serves as a bridge between finance and the businesses, enabling informed, data-driven decisions while ensuring financial discipline
Job Details
Strategic Planning, Budgeting and Forecasting:
Partner with business heads to translate strategic objectives into financial outcomes
Support evaluation of commercial opportunities and financial risks, including those related to new products, markets, investment offerings, mandates, and corporate actions
Provide scenario modelling, financial impact analysis, and business case evaluations for strategic initiatives
Support preparation of annual financial and operating budgets, including supporting forecasting, documentation and justification
Provide a suitable framework for effective budget monitoring and reporting, including variance analyses between actual and projected performance (income and expenditure)
Month-End Financial Reporting:
Ensure timely preparation of monthly Management accounts, including Statement of Financial Position, Statement of Profit or Loss, Statement of Cash Flows, notes to financial statements, supporting schedules, and other relevant financial reports
Summarize and interpret current and projected company financial position, on a timely basis in line with published monthly financial schedules
Maintain General Ledgers, including posting of month-end Journals, GL reviews and detailing assets and liabilities
Ensure all transactions are appropriately captured /maintained in relevant databases.
Regularly review expenses, revenue and other components of the annual budget to determine the accurate financial position and performance of the organization and recommend suitable actions
Regularly review the fixed assets register to ensure that entries are accurate and up to date
Expense/Payables Management:
Ensure payments are made to and/or on behalf of clients, suppliers and other third parties on a timely basis and in accordance with the applicable service level agreement.
Ensure all transactions for the company and on behalf of clients are properly processed and captured in the appropriate accounting codes
Bank/Intercompany Reconciliation:
Review all reconciliations of general ledger accounts to applicable sub ledgers, and all intercompany accounts reconciliations
Prepare monthly bank account reconciliations for applicable accounts and ensure that all reconciling items are promptly cleared
Supervise and coordinate all banking activities, including prompt banking of all cheques and ensuring appropriate cash (local & foreign) is available to meet the company’s needs
Coordinate the opening of bank accounts as required
Statutory Remittance:
Remit all statutory payroll deductions (PAYE and pensions) to the appropriate authorities within the stipulated period
Ensure the correct treatment of withholding tax and VAT in accounts and ensure prompt remittance to the appropriate authorities to avoid any penalties Ensure corporate income tax compliance, including managing all matters relating to tax queries and audits
Working capital management:
Monitor working capital account, cash management, receivables and vendor settlement management
Partner with the investment department in the investment of company fund
Benefits
Bachelor’s degree in Finance, Accounting, Economics, or related field from an accredited university
Professional certification in finance and/or accounting from a recognized professional body (e.g. CFA, ACCA, ICAN etc.) preferred
Advanced degree in Finance or Business Management (e.g. MBA, MSc Finance etc.) preferred
7+ years’ experience in related field (i.e., Financial Planning & Analysis (FP&A), Investment Finance, or Business Partnering within financial services, asset management or banking)
Proficiency in financial systems and advanced Excel / BI tools