Accountant: Group Finance (IAA)

Job Advert Summary

Reporting to the Manager: Group Finance, the incumbent is responsible for the capturing (General Ledger), reporting, reconciling and commentary of numbers originating from the Insurance System (‘IAA’). Specific focus is on Premiums, Claims, Reinsurance and Commissions.

The incumbent will also be responsible for a limited number of reporting related tasks outside IAA as assigned by the Senior Manager: Group Finance (Reporting).

Minimum Requirements

Qualifications

• Newly qualified CA(SA)
• 0 – 3 years’ post articles experience

Knowledge & Experience

• Knowledge of the insurance industry an advantage.
• Good accounting knowledge and proven track record.
• Exposure to IFRS 17 an advantage.

Strategic Orientation

• This role gives good exposure on understanding the IAA operational accounting system and insurance related transactions.
• Relationship building with various business departments (Mainly IT, Operations and Actuarial).
• Insight into key drivers of the business’s most crucial numbers.
• Responsible for preparation of General Ledger items and reconciliation.

Communication

• Is articulate and communicates in a logical way and structures information to meet the needs and understanding of intended audiences, including senior management/executives.
• Expresses opinions, information and key points of view clearly and assertively.
• Is confident in conceptualising, building and presenting plans related to presentations.
• Anticipates and responds promptly and appropriately to the needs, reactions and feedback of various stakeholders internally and externally.

Commercial Acumen

• Able to prioritise and work under pressure.
• Able to meet strict deadlines.
• Ability to gain an understanding of the various group companies, analyse reports/data, and ask informed questions.
• Managing process and people to meet strategic objectives.

Computer Literacy

• Is adept in the use of the latest MS Office package, particularly Excel, Word and Power-point.
• Exposure to various software solutions.
• Knowledge of CPM and Great Plains an advantage.

Interpersonal and Intrapersonal Skills

• Confident.
• Self-starter.
• Persuasive and influential.
• Good project management skills.
• Good networking skills.
• Good at multi-tasking.
• Good presentation skills.
• Manages expectations.
• Self-aware.
• Professional.
• Responsible & accountable.
• Attention to detail.
• Hard working.
• A person who delivers.

Duties and Responsibilities

Key Responsibilities

Processing

• Analyse the monthly IAA trial balance for unusual movements, query and follow through with Operational finance. Importing the IAA Trial balance into the General Ledger system.
• Processing additional monthly standard journals received from Operational Accounts department as well as other Group finance journals, as required.
• Managing deliverables including analysis of key reports from Operational Accounts Department.
• Implementation of new accounts and financial processes for new products and changes in operations.

Reconciling

• Reconciling all IAA trial balance accounts to the general ledger.
• Reconciling Premiums, Claims, Reinsurance and Commissions schedules to the trial balance.

Financial Reporting

• Provide management and PPS Board with accurate information and value-added commentary for month end and year end reporting.
• Investigate and explain variances to budget on all key numbers.
• Performance of the monthly profit allocation calculation.

Budgeting

• Preparing all IAA related Income and Expense budgets.
• Preparing budget presentations for Exco and Board budget meetings with value-added commentary on all variances.

Statutory Reporting

• Assist and prepare financial information for the annual financial statements.
• Attending to Audit queries.
• Preparation of the year-end profit allocation calculation.

Business Related Issues

• Respond to queries from business timeously.