Insurance Reporting Senior Accountant (Group Finance)

Job Description,

The Insurance Reporting Senior Accountant (Group Finance) is responsible for the General Ledger entries and reporting of transactions relating to the insurance businesses of PPS Insurance Company Limited (South Africa) & PPS Insurance Company (Namibia) Limited. These transactions primarily consist of premiums, claims, commissions, reinsurance and member exits originating from the policy administration system (IAA). The role includes preparation and reporting of both IFRS 4 management accounts and IFRS 17 financial statements.

, Requirements,

Qualification

• B.Com Degree
• Qualified CA(SA)
• Atleast 1 years’ post articles experience
• Previous experience in insurance industry or within an Insurance company would be an advantage
  
  

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.
  
  

, Duties and 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
• Taking overall ownership of all IAA and insurance related accounting
  
  

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 and annual profit allocation calculation
• Close collaboration with the?Claims, Operations, Actuarial, Operational Finance, and Group Finance?teams
  
  

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 including IFRS 17 disclosures.
• Attending to audit queries
• Preparation of the year-end profit allocation calculation
  
  

Business related issues

• Respond to queries from business timeously.
  
  

Assisting with reporting related tasks outside insurance reporting (IAA) as assigned by the Senior Manager: Group Finance (Reporting)

Assisting with Ad Hoc requests