Reinsurance Accountant /Contract Position

Recruiter:

Rooftop Recruitment

Job Ref:

Reinsurance Accounta..

Date posted:

Tuesday, June 1, 2021

Location:

Johannesburg, South Africa

Salary:

market related

SUMMARY:
Reinsurance Accountant /Contract Position

POSITION INFO:

Reinsurance Accountant /Contract Position

Responsible for General Ledger entries and reporting of transactions originating from the Insurance Administration System

Responsible for the capturing (General Ledger), reporting, reconciling and commentary of numbers originating from the Insurance System

Specific focus is on Premiums, Claims and Commissions.

Processing

• Analyse the monthly trial balance for unusual movements, query and follow through with Operational finance.

• Import the Trial balance into the General Ledger system

• Process additional monthly standard journals received from Operational Accounts department as well as other Group finance journals, as required

• Manage 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 trial balance accounts to the general ledger

Financial Reporting

• Provide management and 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 profit allocation calculation

Budgeting

• Preparing all 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

• Attending to Audit queries

• Preparation of the year-end profit allocation calculation

Business related issues

• Respond to queries from business timeously

• Assisting with ad hoc requests

Qualifications, Experience, Knowledge and Skills

• CA/B. Com with minimum 3 years reinsurance working experience essential

• Knowledge of the insurance industry

• Good accounting knowledge and proven track record

• Is adept in the use of the latest MS Office package, particularly Excel, Word and PowerPoint.

• Exposure to various software solutions

• Knowledge of Great Plains an advantage

• Is articulate and communicates in a logical way and structures information to meet the needs and understanding of intended audiences, including senior management/executives

• Able to prioritise and work under pressure

• Good presentation skills

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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