Preparation of Group Management Accounts, Group Consolidation and coordinating Group Budgets. Preparing the Group and certain Subsidiary Annual Financial Statements in line with IFRS.
The monthly processing and reporting of financial transactions of FS4P (Pty) Ltd and Advisory businesses.
Reporting to the Senior manager: Finance, the incumbent is responsible for preparing monthly management accounts, reconciling and commentary of financial information for the Group and various subsidiaries. Incumbent is the owner of the BI tool for reporting.
Qualification:
- CA (SA) from ‘Big 4 firm’. Some post-articles experience would be an advantage.
- Previous experience in an Insurance company would be an advantage.
Knowledge & Experience:
- Knowledge of the insurance industry an advantage.
- Good technical knowledge of IFRS.
- IFRS17 knowledge an advantage.
- Consolidations knowledge an advantage
Proven track record of being involved in the preparation or audit of Annual Financial Statements.
Strategic Orientation:
- This role gives technical input into Accounting for all entities.
- Responsible for preparation of key management reports to the Exco and Board.
- Key person ensuring reporting is accurate, timely and of a high standard.
- Responsible for preparation of General Ledger items and reconciliation.
- Key person ensuring control environment is sound regarding Financial Reporting.
Communication:
- Is articulate and communicates in a logical way and structures information to meet the needs and understanding of intended audiences, including senior management/executives.
- Expresses opinions, information and key points of view clearly and assertively
Is confident in conceptualising, building and presenting plans related to presentations.
- Anticipates and responds promptly and appropriately to the needs, reactions and feedback of various stakeholders internally and externally.
Commercial Acumen:
- Able to prioritise and work under pressure.
- Able to meet strict deadlines.
- Ability to gain an understanding of the various group companies, analyse reports / data, and ask informed questions.
- Managing process and people to meet strategic objectives.
Computer Literacy:
- Is adept in the use of the latest MS Office package, particularly Excel, Word and Power-point.
- Exposure to various software solutions.
- Knowledge of CPM and Great Plains an advantage.
Interpersonal and Intrapersonal Skills:
- Confident.
- Self-starter.
- Persuasive and influential.
- Good project management skills.
- Good networking skills.
- Good at multi-tasking.
- Good presentation skills.
- Manages expectations.
- Self-aware.
- Professional.
- Responsible & accountable.
- Attention to detail.
- Hard working.
- A person who delivers.
Processing:
- Processing transactions in the General Ledger system including Reinsurance, Expenses, provisions and other.
- Responsible for the invoicing and monitoring of payments between company and suppliers.
- Managing the recoverability of reinsurance claims from reinsurers with the actuarial department.
Reconciling:
- Reconciling all balance sheet accounts to third party documentation.
- Resolving outstanding issues timeously.
Management Reporting:
- Coordination and Preparation of monthly management accounts for group and various subsidiaries for Exco. This includes:
- Completion of consolidation workings and up-load into reporting system
- Reconciling / proof of various key balances
- Preparation of I/S, KPIs, review and updating of commentary for Exco Finance report and various subsidiaries.
- Preparation of key graphs.
- Preparation of quarterly board reports for group and various entities.
- Analysis and commentary on variances in Income and expenses
Statutory reporting:
- Preparation of Group Annual Financial Statements (IFRS) including liaison with auditors, subsidiaries and printers. This includes:
- Preparation and coordination of working packs for the Group and all subsidiaries
- Reconciliation of all numbers to reporting system
- Updating of financial and non-financial information for Integrated AFS
- Preparation of Subsidiaries’ Annual Financial Statements (IFRS) .
- Attending to audit queries of Subsidiaries.
- Preparation of Solvency test where applicable.
System Administrator:
- System administrator: CPM (Financial Reporting system/tool)
Budget (Group):
- Preparation of various budget presentations (exco, boards) of subsidiaries for PPS Insurance and Holding Trust Boards.
- Preparation and distribution of all Budget instructions to Group.
- Managing CPM access/users and coordinating capturing on System, and the administration thereof, by cost centres.
- Preparation of variance reports analysis for budget meetings.
- Budget and forecast consolidation entries for Group.
- Commentary on presentations for Subsidiaries and Group
Budgeting (Subsidiaries):
- Overseeing and managing the budget process for all entities within responsibility.
- Input of budgets for central costs and revenues for all entities.
- Review of budgets and obtain a sound knowledge of what is driving income and expenses.
- Preparing budget presentations for Exco and Board budget meetings.
IFRS:
- Analysis of the effect of new IFRS standards on Group reporting / AFS.
- Give input on new transactions or standards impact for Audit committee papers where required.
