Financial Reporting Accountant Pretoria - Pretoria
Watershed Consulting
Our client in the long-term insurance industry is looking for an accountant with at least 3 years of financial and management reporting experience in a cell captive environment to join the Group Finance team. The ideal candidate should have completed their Accounting Honours (CTA) and have practical knowledge of IFRS 17. Responsibilities Ensure that calculation of commission and outsourcing fees are correctly calculated Ensure that payments to vendors, cells (commission) and claims are done correctly and timeously Ensure the recording of financial transactions and performance of monthly reconciliations Recording and reporting are done in line with IFRS17, microinsurance and cell captive requirements Address queries and requests of management and cell owners Reports Compilation of monthly financial reports to management and cell owners Compile annual financial statements and oversee the process to gather information for disclosure purposes Meet internal and external stakeholders & reporting requirements Budget Compile the annual budget and 5-year forecast and manage the budget deliverables of the various cells. Report on approved budget i.e. variances etc. Maintain a pro-active budget monitoring function to manage budget overspends. Compilation of statutory reports and act as liaison with external stakeholders such as the Prudential Authority. SARS related Perform the income tax calculation Liaise with external auditors regarding returns Attend SARS queries Ensure timeous submission of all tax related matters to SARS (IT, VAT, PAYE, DWT) Requirements • B.Com degree in Accounting Science • Certificate In Theory of Accounting (Honours Degree) (CTA) • CA (SA) will be beneficial Our client in the long-term insurance industry is looking for an accountant with at least 3 years of financial and management reporting experience in a cell captive environment to join the Group Finance team. The ideal candidate should have completed their Accounting Honours (CTA) and have practical knowledge of IFRS 17. Responsibilities Ensure that calculation of commission and outsourcing fees are correctly calculated Ensure that payments to vendors, cells (commission) and claims are done correctly and timeously Ensure the recording of financial transactions and performance of monthly reconciliations Recording and reporting are done in line with IFRS17, microinsurance and cell captive requirements Address queries and requests of management and cell owners Reports Compilation of monthly financial reports to management and cell owners Compile annual financial statements and oversee the process to gather information for disclosure purposes Meet internal and external stakeholders' reporting requirements Budget Compile the annual budget and 5-year forecast and manage the budget deliverables of the various cells. Report on approved budget i.e. variances etc. Maintain a pro-active budget monitoring function to manage budget overspends. Compilation of statutory reports and act as liaison with external stakeholders such as the Prudential Authority. SARS related Perform the income tax calculation Liaise with external auditors regarding returns Attend SARS queries Ensure timeous submission of all tax related matters to SARS (IT, VAT, PAYE, DWT) Requirements • B.Com degree in Accounting Science • Certificate In Theory of Accounting (Honours Degree) (CTA) • CA (SA) Advantageous EXPERIENCE • 3 - 5 years of financial and management reporting experience in a cell captive environment • Practical knowledge of IFRS 17 • Long Term Insurance industry
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