Specialist Accountant (PPS Mutual) - Parktown North Johannesburg at PPS

Job Advert Summary    

• This role reports to the operational finance Manager. The Account’s Specialist (PPS Mutual) will be focused on gathering and analyzing financial information. Assisting in implementing and maintaining IFRS 17 reporting. Duties also include management reporting (including day to day reviewing); month end reconciliations and processing. 

Minimum Requirements    
Education: 

• Bachelor's degree in finance or accounting is required

Experience:

• 5 years’ experience within a financial services environment, preferably in the Insurance Industry advantage.
• Strong reconciliation experience is required.
• Attention to detail.
• Experience in the use of Microsoft Office applications (Word and Excel etc).
• Proficient in MS Office - Advanced Excel

Knowledge and Skills :

• General knowledge of insurance legislation/rules advantage.
• Exposure in dealing with members, brokers and advisors advantage.
• Solid knowledge of basic and advanced accounting and financial principles and practices.
• Excellent knowledge of cost accounting and reporting.
• Excellent knowledge or risk analysis, budgeting and forecasting.
• Working knowledge of financial software and MS Office.
• Excellent communication and presentation skills

Competencies :

• Analytical mind with aptitude in math.
• Analytical and be able to make prudent business decisions.
• Flexible and adaptable in changing and challenging circumstances.
• Fast learner with the ability to rapidly assimilate and utilize new information and skills.
• High level of accuracy and be able to operate efficiently under pressure.
• Must be self-motivated.
• Time management skills.
• Be a team player and take responsibility for own development initiative

Duties and Responsibilities    
Management reporting:

• Prepare monthly management accounts.
• Prepare monthly IFRS 17 statements.
• Assist with year-end requirements and audit queries.
• Gather and analyse financial information for internal use.
• Advise on problems and suggest improvements.
• Prepare and analyse billing reconciliations daily and monthly.
• Analyse the daily upload files process on IAA and Great Plains.
• Provide monthly statistics.

Month end reconciliations:

• Prepare month end journals.
• Prepare general ledger reconciliations.
• Assume responsibility of accounting procedures.
• Reconciliation between management accounts and IFRs 17 reporting.

Processing:

• Respond to queries and investigations.
• Adherence to process control and service levels agreements.
• Analyse credit control ageing for reasonability and accuracy ensuring processes and SLA’s are adhere to.
• Analyse gross premium report for reasonability and accuracy.
• Analyse dealer commission report and reinsurance report for month end processes of  payments.
• Calculate and prepare monthly invoices for management and administrative fees.
• Collate financial reports for IFRS 17 reporting preparing journals and reconciliations.

Solutions for technically, complex matters:

• Act as the go-to person for technically complex matters in the operational finance environment.
• Identify opportunities for system enhancements.
• Create efficient processes and manage multiple workflows with various stakeholders.

Additional Duties:

• Liaison function with internal and external stakeholders. 
• Performing other duties assigned from time to time by the manager.
• Back up in answering collection and billing queries.
• Providing reconciliations of premiums upon request.
• Drafting credit control letters and answering queries.

Project Management 

• Perform other financial reporting tasks and projects as identified.
• Implement IFRS 17 reporting requirements to current processes including updating of financial templates and uploads to Great Plains.

Closing Date    
2023/06/30