Description:
JOB DETAILS
Job Title: Accountant 6 months - FTC
Division: Insurance Company
Unit: LBIC
Job Type Classification Contract
Location – Country: South Africa
Location – Province: Gauteng
Location - Town / City: Centurion
Job:
To ensure complete and accurate processing of financial transactions. To prepare the monthly recons on the Bank’s Insurance balance sheet accounts, process various journals where necessary, and assist with management reporting. To provide relevant stakeholders with accurate and complete information for reporting and decision making purposes, supporting the accurate compilation of Financial reports.
Key Performance Areas
1. General Ledger Reconciliations
Monthly balance sheet recons
Process various journal. Assist with queries on annual audit/Internal Audit.
2. Bank Account and Administration
Ensures compliance of all legal documentation for all relevant Commercial Bank Accounts.
Assists in opening and closing of bank accounts.
Analyses commercial bank statements daily.
Identifies all debit orders and processes journals to relevant SAP general ledger accounts.
Investigates any unidentified entries on bank statements and escalates when necessary.
Performs the clearing of the general ledger sub-bank accounts daily.
Performs the monthly bank reconciliations
File the recons and supporting documents for audit purposes.
3. Financial Reporting
Opex/Capex budget and reporting
Monthly/Quarterly/Statutory reporting
4. Investment, Insurance & Reinsurance Accounting
Investment accounting
Premium accounting
Claims accounting
Reinsurance premium accounting
Reinsurance claims accounting
5. Ensure Adherence to Financial Processes, Procedures and Policies
Review and updating processes, policies and procedures on a continuous basis
Adapt the Bank’s accounting policies in line with the changing environment- IFRS, PFMA, NCA.
Evaluate and improve internal controls.
Develop and maintain an accounting manual
Review to ensure internal controls and processes are in place
Recommend any improvements.
Preferred Minimum Education and Experience
BCom Accounting
3-5 years’ experience in General Ledger recons
3-5 years’ experience in Insurance accounting with exposure to reinsurance treaties
Critical Competencies General Ledger Recons
Investment Accounting
Insurance Accounting
Reinsurance Accounting
Knowledge / Experience SAP/ Financial Systems
Budgeting
Microsoft Office