ARM Life Plc Jobs Vacancies in Nigeria

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: Procurement
and Contracting Associate
Location: Nigeria
Job Type: Full-Time

Job
Summary

Responsible
for implementing a cost effective strategy to source local building items
and manage service contractor.

Principal
Duties and Responsibilities
Key Deliverables:

Support
procurement planning through collaboration with project personnel and
Managers in the preparation of the procurement plan;
Assist
and facilitate the development and implementation of a procurement
management system in respect of planning, awarding, administering and
monitoring of all matters related to procurement for the project;
Maintain
and update the procurement monitoring system and provide feedback on
purchase orders to requesting office;
Prepare
annual sourcing plan and budget – Contains identified vendors, quotes and
timelines;
Prepare
quarterly sourcing reports – operational and financial results of sourcing
strategy to management
Maintain
a database and web site of procurement standards and tools, roster of best
suppliers, contractors and service providers, activities and statistics
and contract advertisement and awards to share and disseminate information
on a regular basis.
Tender
report – Conduct due diligence and proffer recommendations on vendors who
applied for tender;
Review
and evaluate bids or proposals received (for completeness and adequacy of
technical specifications and cost effectiveness) and prepare analysis for
contract awards and for submission to the review committee and Procurement
Authority;
Review
interim and final valuations, cost analysis and provide advice on
contractual claims;
Maintain
a vendor database and ensure effective use of the system to record the
listing, updating, evaluation and monitoring of performance of service
providers and vendors;
Update
vendor evaluation scorecard-Complete company-wide standard template on a
quarterly basis;

Time
Allocation:

Technical:
90%
Administrative
– 10%

KPI’s:

Lead
time from RFQ to contract award- Shows the lead time from request for
quote to award of contract. The lead time would be measured as the time
from date of release of RFQ to the date of award of contract averaged for
the whole year. The target for the lead time would be set between the Head
of procurement and development (20%).
New
Vendor and contractor development / R&D- Measure on two aspects a) No.
of new vendors added to the master list against baseline target set in
consultation with Head of corporate services b) No. of new vendors
utilized for material and service contracts against target set at the
beginning of the year in consultation with the Head of corporate services
(5%)
Vendor
satisfaction score – Based on feedback/ evaluation from working vendors
for support and cooperation during delivery process through surveys (5%).
Goods
received on time in full by construction team compared to approve
schedule-% of total material by value received on time measured as % of
time actual date of receipt of goods is within 14 – 21 days of planned
date of receipt of goods. The. number of days needs to be set between the
Head of procurement and the in-country Head of development (15%)
Issues
causing contract disputes, termination and liquidity before due date-% of
contracts with rising issues, disputes, termination and liquidity before
due date against procurement’s total signed contracts each year (15%)
Compliance
with quality – % of overall service contract/ material contract rejected
by the site due to non-compliance with specified standards (15%)
Savings
generated- Measured as a % unit cost reduction as compared to budget. The
budget for cost reduction would be set between the Procurement Associate
and Head of Development (10%)

Management:

Feedback
– The annual average rating from 360-degree surveys launched (15%)

Skills:

Specific
commodity experience preferred
Practical
and logical qualities and a methodical way of thinking
Good
planning/project management skills
Exceptional
negotiation, problem-solving and analytical skills
Strong
numeracy and financial management skills and the ability to learn
sophisticated design and costing IT packages.
Ability
to write clear and precise reports and to relate complex information in a
simple way to a diverse range of people
Outstanding
people leadership and management skills. Ability to drive change
management across the organization
Superior
communication skills, both verbal and oral
Sets
milestones and timeframes to achieve objectives and operational
requirements; determines priorities and allocates responsibilities and
manages workflow; establishes measures and monitoring systems; monitors
unit and individual performance, putting (joint) action plans in place to
address areas of non-compliance; anticipates hurdles and has contingency
plans to get around them.
Industry
knowledge and understanding; detailed knowledge of past and current
building and construction technology processes, materials, business and
legal matters.
Gathers
information nationally and internationally about what could be; visualizes
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.
Balances
the needs of the stakeholder triangle; assimilates and analyses relevant
information; identifies core principles, and applies them consistently to
decisions; identifies and mitigates risks; creative in providing
solutions; owns decisions.

Experience
and Education

B.Sc
(or equivalent) in Quantity Surveying required; other comparable graduate
degree potentially acceptable
Minimum
3 years of experience in procurement related role
NIQS
(Nigerian Institute of Quantity Surveyors), CPM (Certified Purchasing
Manager) or APICS (Association for Production and Inventory Control)
certification desirable.

Job
Title: Operational
Risk Officer
Location: Nigeria
Job Type: Full-Time

Job
Summary

Responsible
for the management and consistent review of operational risk activities
within the ARM Group
Facilitate
and manage the operational risk loss reporting process across the ARM
Group.
Facilitate
and manage the Risk and Control Self Assessment process across the ARM
Group
Compile
operational risk reports for senior stakeholders and committees across the
ARM Group (both internal management reports and reports for external
stakeholders)
Facilitation
of operational risk training and awareness sessions for ARM staff members
across the Group.

Principal
Duties and Responsibilities
Internal Loss Data Collection:

Assign
reported loss events to the correct Event Owner in line with the event
escalation matrix
Validate
operational risk classifications as completed by the Event Owner
Track
all open events and ensure that timely progress reports are received from
all relevant parties
Maintain
the operational risk loss database and system, and ensure quality of the
internal loss data collected across the ARM Group
Track
the management of all operational risk loss events by the relevant Event
Owners.
Approve
the closure of all operational risk loss events
Generate
necessary awareness to encourage continuous and increased collection of
loss events

External
Loss Data Collection:

Monitor
external loss events and maintain a database of such loss events.
Identify
lessons learnt from external loss events and adopt necessary mitigating
factors within the firm, working with relevant business manager/unit head.

Risk
& Control Self Assessment (RCSA):

Draft
and maintain an “annual plan of work” for the scheduling and completion of
RCSA’s for all departments.
Ensure
that sufficient time is allocated for each RCSA workshop held per
department.
Facilitate
RCSA workshops and guide business unit level staff throughout the
assessment process.
Facilitate
effective and constructive communication between the various stakeholders
within RCSA workshops.
Ensure
timely completion of all departmental RCSA’s
Ensure
continuous update of the control matrix
Development
of a risk awareness culture both during RCSA workshops and across the
broader Firm.

Key
Risk Indicators (KRI):

Create
a KRI definition and monitoring framework
Update
and maintain KRIs identified for each unit and across the Firm
Monitor
indicators and distribute reports to relevant stakeholders

Issue
Management & Whistleblowing:

Create
awareness in order to increase identification and collection of risk
issues and whistleblowing incidents.
Carry
out necessary investigation and assessment when an issue or incident is
identified or reported.
Maintain
accuracy and completeness of data on the issues log and whistleblowing
log.
Assign
risk issues and whistleblowing incidents to relevant Units and individuals
for resolution.
Follow-up
with relevant stakeholders to achieve prompt resolution.

Business
Continuity Management(BCM):

Consistently
executing the Firm’s Business Continuity Plan (BCP)
Work
to achieve lower occurrence of business disruptions

Reporting
& Communication:

Collate
and disseminate operational risk reports and other relevant reports to
Stakeholders from time to time.

Competency
and Skills:

A
thorough understanding of ARM’s business, operations and products,
including the industry and the markets within which it operates
Basic
understanding of risk management principles, and ability to carry out
independent research regarding global best practice
Very
good working knowledge of Microsoft excel and visio
Good
communication (verbal and written), interpersonal, presentation and
facilitation skills
Strong
on reporting and presentation of data for ease of use by end users
Problem
solving and strong analytical abilities
Versatile
and creative
Proactive
and sound decision making ability
Innovative
and resilient
Exceptional
attention to detail
Commitment
to quality
Self
motivated and driven
Commitment
to achieving agreed objectives
Keen
on acquiring new knowledge
Self
organised, logical and systematic
Ability
to work well with diverse groups and individuals
Ability
to remain independent and objective on the job
Ability
to lead and obtain people’s buy-in, while executing such to completion
Ability
to work independently, while also working within a team
Possesses
strong work ethic

Minimum
Qualifications

First
degree in business, accounting or other finance related discipline.
A
relevant professional qualification or a Masters degree.
Relevant
experience within a professional services firm, financial services
institution or regulatory body is desirable.