Team Lead – Financial Reporting

Job description

JobwebZambia, operating from Ghana, has long copied and mirrored job listings from Gozambiajobs. As this practice has become harder to maintain, the same behavior is now being directed at our site.

The repeated appearance of identical job posts raises a simple question: what value does Jobweb actually provide? Copying from GoZambiaJobs in the morning and JobSearchZM in the afternoon is not curation — it’s exploitation.

NICO Insurance Zambia Limited, a general  insurance company, has been operating in Zambia since 1st October 1997 and has branches in Lusaka, Kitwe, Ndola, Livingstone and Chipata. NICO Insurance Zambia Limited is a member of the NICO Group of Companies operating in Malawi.

The Company is seeking to identify a suitably qualified and experienced individual to be engaged as Team Lead – Financial Reporting.

Reporting to: Finance Manager

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Main Purpose of the Job

To support the Finance Manager in supervising daily tasks performed by accounts team, general ledger reviews and reconciliations, preparation of audit schedules, and preparation of returns to the regulatory and tax authorities.

Financial Planning Tools

Main Duties will include the following:

Develop and consolidate cashflow and expenditure forecasts for the Company to be submitted to the Finance Manager.
Provide input in developing the annual Financial Operating Plan/budget (investments).
Update monthly rolling forecasts and submit to the Finance Manager for approval.
Submit provisional expenditure budget schedules to the Finance Manager for inclusion in the annual expense budget.
Prepare the monthly expense analysis against the budget and recommend appropriate action to the Finance Manager.
Perform variance analysis and analytical reviews on all account balances and submit a report to the Finance Manager including reasons for variances.
Supervise the timely and complete preparation of monthly and annual schedules and reconciliations to be submitted to the Finance Manager for the preparation of statutory financial statements in line with GAAP and regulatory frameworks.
Prepare periodic expense analyses and accompanying commentaries on the financial reports to be submitted to the Finance Manager. Prepare BOZ/CSO/PIA/ZRA returns to be submitted to the Finance Manager for approval and timely submission.
Update schedules to be submitted to the Finance Manager for inclusion in the Group consolidation Pack and abridged financial statements for the Company.
Prepare branch income and expense reports, balance sheets and cashflows to be submitted to the Finance Manager.
Ensure daily matching, banking and reconciliation of receipts and bi-monthly bank reconciliations.
Obtain third-party investment reports and assessments in order to give recommendations to the Finance Manager.
Update the capital, solvency, liquidity and balance sheets for the Company to be submitted to the Regulator through the Finance Manager.
Ensure statutory documents and other obligations are submitted and settled timely.
Review/prepare reconciliations and ensure that all reconciling items are followed up and cleared timely.
Monitor completeness of Premiums by monthly review of unapproved policies in the system before the close of the reporting period.
Provide auditors with information and resolve any queries arising in liaison with the Finance Manager.
Identify disciplinary problems or issues and arrange for the necessary disciplinary action in line with Human Resource Policies and Procedures.
Financial Reporting Templates

Qualifications and Experience

First degree in Accounting, Finance or equivalent.
ACCA/CIMA / CA Zambia (Intermediate level).
5 years Financial Accounting experience.
Minimum of 3 years’ experience at a supervisory level.

Skills and Competencies

Insurance Claim Assistance
Clear verbal and written communication and ability to prepare accurate reports.
Ability to plan and organise in line with job requirements.
Possession of attention to detail and initiative to anticipate and resolve issues timely.
Ability to analyse and solve work related problems to achieve the correct outcomes.
Ability to interact, negotiate (where applicable) and achieve targets.
Fully paid-up Member of ZICA.

Those who meet the above-mentioned requirements may send their application letters accompanied by copies of academic and professional qualifications and a detailed curriculum vitae to recruitment@nicoinsurance.co.zm by 16th February 2026.