Financial Accountant

The detail-orientated and experienced Financial Accountant will join the local finance team of SCOR SE - Africa Branch on a permanent full-time basis.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

The Financial Accountant will be responsible for managing financial records, ensuring compliance with regulations, and providing accurate financial information to support decision-making processes. The Financial Accountant will support the Finance team to ensure compliance with all deadlines.

Some of the key areas of responsibilities will be as follows:

• Local Annual Financial Statements (AFS) for the Branch & Subsidiary
  • Assist with supporting calculations and non-technical note disclosures in the AFS
• Complete online iXBRL format for Annual Financial Statements for CIPC submission
  • Branch & Subsidiary
• Prepare monthly VAT workings for submission to Tax Authority,
  • Preparation of detailed workings for the VAT submission
  • Search for supporting documentation/ invoices (DMS) to justify/confirm VAT treatment of specific line items
• Quarterly SARB Submissions (Separate form for life and non-life)
  • Preparation of workings for C68 submission as per template required by SARB
• Quarterly & Annual Return Assistance
  • Assist with rolling forward QRT template, working files and documentation to ensure smoother process in completing the QRT for the quarter
• Bi-weekly payments (technical & non-technical)
  • Enter invoices in SAP for payment
  • Prepare payment packs for payments to be made
  • Ensure proof of payments are sent to Vendors
  • Ensure the accuracy of new vendor account details via telephone calls and obtaining bank confirmation letters from suppliers
• Weekly cash reporting to Group Treasury
• Capturing monthly bank statements on manual bank accounts
• Corporate Credit cards
  • Send out Credit Card statements for capture
  • Follow up on expenses not captured in Concur before deadline
  • Reconciliation of expenses captured to statements received
• Perform monthly bank reconciliations
  • Completion of reconciliation for all bank accounts
  • Posting clearing journals
  • Posting missing entries needed in the GL
• General Ledger Management
  • Maintain and reconcile general ledger accounts, ensuring accuracy and completeness
• Deregistration of SCOR Africa Limited
  • Assist with this process where required and upon instruction
• Ad-hoc administrative activities
  • Preparing letters to the Bank, when requested
  • Gathering documentation and completion of forms for any applications/notifications to the Prudential Authority
  • Assisting with any other forms or questionnaires when received and upon request
• Collaboration
  • Work closely with the finance team & other departments to support business initiatives

This is not intended to be an exhaustive list of responsibilities. The successful candidate may be required to complete other reasonable duties in order to achieve business objectives.

Required experience & competencies

• Proven experience as a Financial Accountant or similar role
• Strong knowledge of accounting principles and practices
• Exceptional attention to detail, ensuring high standards of quality in all outputs
• Ability to adapt quickly to changing priorities
• Proficiency in accounting software and Microsoft Office Suite
• Advanced Excel experience
• SAP Experience will prove beneficial
• Excellent analytical and problem-solving skills
• Ability to work independently and as part of a team
• Strong verbal and written communication skills with the ability to convey complex ideas clearly and effectively
• Experience in managing multiple tasks/projects simultaneously, with a track record of delivering on time

Required Education

• Bachelor's degree in accounting, finance, or a related field, or equivalent qualifications
• Professional accounting qualification (e.g., CA(SA) preferred)
• Completed articles (preferred)
• Preferably, a few years post articles experience within the Insurance Industry