Group Finance Consolidation and Reporting Specialist (two-year fixed term contract) - Parktown at Hollard Insurance

Job Advert Summary   

• Hello…an exciting new opportunity has just become available in our HINT, Finance  area. We are looking to recruit a Group Finance Consolidation & Reporting Specialist (2 year fixed term contract).
• Reporting directly to Head: Finance responsible for the HINT SA and Subsidiaries’ statutory financial reporting, audit and providing technical support.
• Prepare consolidated results quarterly.
• Ensure adequate controls and processes are in place to confirm that consolidation eliminations are complete and accurate.
• Provide technical guidance on new accounting standards that could impact the Group.
• Provide technical guidance on the accounting for any new business structures or acquisitions which could impact the Group.
• Facilitate the production of financial covenant data for reporting to the banks and for ensuring ongoing compliance with all covenant requirements.
• Ensure  the implementation of any new group accounting systems.
• Document all IFRS policies and procedures to ensure that processes are applied consistently across all Group entities.
• Provide training to the financial accounting team on new accounting standards or reporting requirements.
• Provide system training to the users.
• Review of accounting transactions to ensure compliance with IFRS.
• Ensure compliance with accounting practice applicable to insurers, good governance, and risk management practice, as well as laws and regulations.
• Continuous improvement of accounting and reporting processes in line with overall business objectives and needs.
• Manage the external audit process including deadlines.
• Stakeholder Support:  internal stakeholders, actuarial stakeholders and external audit relationships
• Assistance with ad-hoc projects as and when needed.
• Group reporting and preparation of Annual Financial Statements (HINT centre and HINT subsidiaries)
• Preparation of the Group financial statements, in compliance with IFRS.
• Mapping of the General ledger and CaseWare.
• Customizationof the Group as well as subsidiaries’ financial statements including the disclosure notes to comply with IFRS 17.
• Review annual financial statements of the subsidiaries to ensure compliance with IFRS.
• Manage the External audit relationship, coordinate the consolidation audit process as well as deliverables to FRCC.
• Provide finance teams with guidance and support of best practice standards.
• Ensure financial controls are designed, implemented, and managed across the organisation based on group guidelines (IFC)
• Assistance with ad-hoc projects as and when needed

Required Knowledge and Experience   

• A minimum of 5 years post articles experience
• A minimum of 3 years of Consolidation experience
• Strong technical background with experience in financial reporting under IFRS, including the preparation of consolidated financial statements.
• Detailed knowledge of large consolidation processes
• Insurance industry and IFRS 17 implementation experience would be an advantage.
• Tax and audit experience beneficial
• Africa exposure beneficial

Skills:

• Good knowledge of different account systems – knowledge of CaseWare would be an advantage.
• Excellent technical accounting skills
• Ability to manipulate large amounts of data from different data sources.
• In-depth knowledge of financial accounting and related processes
• IFRS and International accounting standards
• Related legislation
• Stakeholder management skills
• Strong interpersonal skills with the ability to build effective working relationships and influence change.
• Leadership skills and the ability to work independently.
• Excellent interpersonal communication skills
• Highly numerate, with excellent analytical and problem-solving skills
• Excellent attention to detail
• Ability to work under pressure and to tight deadlines
• Time management
• Good planning and organising skills
• Accuracy and attention to detail
• Delivery driven
• Initiative and proactivity
• Team player
• Self-managed
• Integrity
• Assertiveness

Educational Requirements    

• CA (SA)

Closing Date    
2023/07/31