Bryte Insurance Accounting / Finance Jobs in Johannesburg
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Key Tasks & Accountabilities
Functional Management
- This role reports into the Head of Statutory Reporting and its responsibilities span across all legal entities within the Group.
- Manage the general ledger team (3 direct reports) and it’s operating activities
- Preparation or review of manual SAP Journals
- Prepare investment accounting journal entries (money market accounts, equities and bond instruments)
- ensure that investment transactions are recorded in the accounting system on a timely basis and in line with IFRS and the Group reporting requirements.
- Prepare and post other head office journal processing to ensure that the transactions are recorded in the accounting system on a timely basis and in line with IFRS and the Group reporting requirements.
- Preparation and/or review of entity balance sheet reconciliations and dashboards
- Preparation of month-end finance packs (Consolidation and separate legal entities) in line with reporting timelines (IFRS 4) and (17 Packs)
- Preparation of the quarterly reporting submission to the Fairfax Group (Shareholder) via the OneStream System latest the 12th calendar day post quarter-end
- Support the actuarial team with quarterly and annual SAM Submissions to ensure timeous and accurate delivery of statutory and regulatory reporting to the Prudential Authority
- Completion of other statutory returns (C68 Forms Submission to SARB)
- Preparation of adhoc financial reporting requests
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- Direct Tax - Preparation of income tax and deferred tax calculations | Preparation of provisional & annual tax returns and submissions | Preparation of dividend tax returns | Uploading of returns on SARS – Efiling System
- Assist in the managing the external auditing process (Audit Request, Annual Financial statements and other relevant processes).
- Preparation of the annual financial statements for all entities and support subsidiary company financial accounting processes.
- Assist and provide required support for automation related projects (Quarter-end and year-end processes)
- Ensure internal control compliance through the maintenance of required internal controls relating to financial reporting
- Stakeholder engagement – Drive effective stakeholder engagement with the finance senior management team, actuarial team and the rest of the extended finance team
- Ensure effective teamwork throughout the finance reporting, statutory reporting (IFRS17), actuarial and other finance teams, i.e. Working with other teams in line with the Bryte guiding principles and culture, within a results-oriented environment. Act as an ambassador for the culture and desired behaviours.
Stakeholder Management
Stakeholders include:
- Head of Statutory Reporting (Line Manager)
- Finance Manco (Heads: Management Reporting, Reinsurance, Actuarial and Projects)
- Bryte CFO
- Bryte Finance Team (Management Reporting, Reinsurance, Actuarial, SAP Accountant, General Ledger and Finance Operations)
- Insurance Partners | UMA Support Teams
- External Auditors
- Fairfax Group
Qualification & Experience
- B. Comm Accounting | CA(SA)
- 2 to 3 years’ management and experience in relevant field
- Exposure to insurance (life, general and reinsurance) highly preferred
- Sound knowledge of IFRS, including Insurance Accounting standards (IFRS17)
- Knowledge of SAM solvency legislation and reporting requirements
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