SOUTH AFRICAN SPECIAL RISK INSURANCE ASSOCIATION (SASRIA) VACANCIES

SOUTH AFRICAN SPECIAL RISK INSURANCE ASSOCIATION (SASRIA)

SENIOR MANAGEMENT ACCOUNTANT

DETAILS
Closing Date: 2023/09/21
Reference Number: SAS230908-1
Job Title: Senior Management Accountant
Job Type: Permanent
Division: Finance
Department: Finance
EE Occupational Levels: Level 7: Middle and Senior Management
Location - Town / City: Sandton
Location – Province: Gauteng
Location – Country: South Africa

Job Advert Summary
To interpret financial data, to provide financial support, advice and reporting to the business that is aligned to the objectives of the organisation, aiding sound business decisions, as well as ensure that financial risks are properly mitigated by proactive controls.

Minimum Requirements
Qualifications:
Relevant B degree qualification (BCom/ BAcc) specialising in:

Accounting
Business
Finance
Management
Mathematics
3 Years completed Articles

Experience:
5 years finance experience in a financial services

Duties and Responsibilities
1. Strategic alignment

Participate in the setting up of company strategy.
Strategy monitoring and evaluation.
Support the FD to provide integrated budgeting process that aligns with company objectives and drives to improve financial control discipline.
Budget monitoring and reporting by company and by departments.
Support the FD in Creating business strategies to generate shareholder value.

2. Financial/ Operational

Responsibilities of the job include: preparing reports, budgets, commentaries to management accounts.
Conducts Research and prepares recommendations for policy, procedure, control or action.
Analysing financial information to forecast business/industry and/or economic conditions.
Analyses information to determine present and future performance.
Looking at past and current financial performance and identifying trends.
Preparing reports on the above information and communicating the insights to the business.
Providing relevant finance information to aid business decisions for major projects and advising on its financial implications.
Performing financial analysis and assessing the financial viability of business transactions.
Consolidates the business plans and the financial forecasts ensuring that the process is efficient.
Provide business data and analysis to managers within the organisation to assist in business decision-making and control.
Explaining the financial consequences of business decisions applying accounting techniques to plan and budget, makes recommendations to management regarding opportunities, progress, and improvement strategies.
Perform cost analysis and lead in cost-reduction projects, competitor analysis, and variance analysis.
Provide financial information in strategic planning, long and medium-term planning.
Provide financial information as required for Exco, Board and its Committees.

POLICY
We are committed to Employment Equity when recruiting internally and externally. It is company policy to promote from within wherever possible. Therefore, please be aware that internal candidates will be considered first before reviewing external applicants, provided that this supports achievement of our Employment Equity goals.

FINANCIAL ACCOUNTING MANAGER (6 MONTHS- FTC)

DETAILS
Closing Date: 2023/09/14
Reference Number: SAS230908-2
Job Title: Financial Accounting Manager (6 Months- FTC)
Job Type: Fixed Term Contract
Division: Finance
Department: Finance
EE Occupational Levels: Level 7: Middle and Senior Management
Location - Town / City: Sandton
Location – Province: Gauteng
Location – Country: South Africa

Job Advert Summary
The Financial Accounting Manager will provide financial accounting support to the business, ensuring that the financial strategy is implemented in line with company objectives and financial risk is properly mitigated by sound and proactive controls.

Minimum Requirements
Qualifications:

Relevant B degree qualification (Bcom/ BAcc)
3 years article experience
CA(SA)

Experience:

3 years post article experience in a similar role in Financial Services
Preferable non-life insurance experience

Duties and Responsibilities
1. Strategic alignment

Participate in the setting up of departmental strategy.
Ensure departmental business plans are implemented in line with overall strategy to support business.
Assist SM: Finance to provide integrated budgeting process that aligns with company objectives and drives to improve financial control discipline.
Identification of financial risk and working together with the SM: Finance to implement identified financial risk management strategy.

2. Financial/ Operational
IFRS 17 (Insurance contracts);

Complex Financial Modelling / Adjustments (Monthly forecasting and reporting of expected and actual revenue).
Unbundling (savings component, embedded derivatives, services).
Generation of insurance portfolios.
Classification of insurance contracts.
Determine individual contract measurement based on IFRS 17.
Calculating the expected value of future cash flows per contract obligations through current estimations.
Discounting to calculate the time value of money (bottom-up, top-down).
Calculating the compensation which the company demands for uncertainty of cash flow.
Estimation of profitability of insurance contract over the contract period.
Calculating the expected value of future cash flows per contract obligations through current estimations.
Discounting to calculate the time value of money.
Calculating the compensation which the company demands for uncertainty of cash flow.
Calculate the Risk Margins (Capital Costs).
Estimation of profitability of insurance contract over the contract period.
Calculate the Service Margins (linear, progressive approach).
Tracking of value drivers, Premiums, Revenue, Provision for continuous losses, time value of money.
Aggregation of portfolio valuation.
Measurement of contract component (IFRS9 for savings component).
Performing the initial and subsequent measurement valuation for journal entries.
Performing calculation for any IFRS 17 related write offs.
Prepare the journal entries for the General Ledger.

Tax Support;

Support in preparation, submission and payment of income taxes.
Support in deferred Tax calculations.
Support in preparation, submission and payment of VAT on a monthly basis.
Support in the calculation of the monthly VAT apportionment.
Support in completion of taxation notes in the annual financial statements.
Relationship building with the asset managers and custodians (Soft skills).

General Bookkeeping;

Journals: verifies, allocates and posts details of business transactions in journals.
Prepare monthly expenditure reports.
Review and analyse monthly divisional reports (for any misallocations and prepare correcting journals).
Reconciliation of balance sheet accounts.

3. Statutory reporting

Compile and analyse financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions.
Manage the preparation and distribution of management and statutory accounting information in agreed format.
Preparation of Monthly/ Quarterly/ Annual or ad-hoc management and financial reports/ statement as required by various stakeholders.
Prepare Monthly commentary on Actuals vs. Budgets / Forecast.
Complete reports to FSCA quarterly / annually.
Assist with the preparation of Annual Financial Statements / Integrated reporting for review by SM: Finance.
Assist with the preparation of Income Tax submission for review by Senior Manager (IT14 / IRP6 etc.).

4. Performance Management

Ensure that annual performance objectives are set and understood by team members.
Identify development areas and prepare career development plans for team members.
Manage team performance, ensuring that non-performance is dealt with accordingly..
Identify resourcing needs and participate in the recruitment of staff.
Ensure that all staff are trained, skilled and that their expertise is fully applied.
Ensure that working environment contributes to improving staff morale and increased productivity.

Get vacancies updates by email: