Accountant

Discovery; Johannesburg; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A prominent financial services company in Johannesburg seeks a Consolidations Expert responsible for maintaining the consolidation tool for IFRS reporting, automating reporting processes, and collaborating with various departments to ensure accurate financial reporting. The ideal candidate is a newly qualified CA(SA) with a good grasp of insurance accounting and advanced Excel skills.

Qualifications

• Working experience post-articles required.
• Experience with consolidation systems/reporting tools preferred.
• Experience in group consolidations as an auditor or accountant is advantageous.

Responsibilities

• Maintain the consolidation tool for tax and IFRS reporting.
• Add manual journals into the consolidation tool.
• Complete all group finance requests on the consolidation tool.
• Liaise with internal departments.
• Prepare dashboards for management review.
• Automate manual AFS preparation processes.

Skills

Basic insurance accounting

Computer Literacy

Excel

Education

Newly qualified CA(SA)

Tools

One-stream reporting tool

Job description

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Life

Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Role Description

Consolidations expert responsible for importing, reconciling, mapping, and maintaining consolidation tool, as well as ensuring all statutory, regulatory and management reports are recorded accurately and within the required deadlines and formats prescribed by group finance and regulations. Automating all returns within the Discovery Life space to ensure that one correct source of information is used to compile and report information.

Key Outputs / Job Responsibilities

• Maintenance of consolidation tool for tax and IFRS reporting, which includes importing of most recent trial balances, investigating and resolving differences that may arise
• Adding manual journals into consolidation tool which do not form part of group reporting but are required for subsidiary reporting.
• Completion of all group finance requests on consolidation tool which includes Life KPIs, and various note disclosures.
• Liaise and manage relationships with internal departments, including Central Finance, Actuarial department, marketing and systems
• Identify, monitor and communicate key performance metrics on the tool
• Assist with conversion of all other regulatory and management reports on consolidation tool
• Automate any manual AFS preparation processes using formulas
• Prepare dashboards which management can use for quick review
• Preparation of actuarial schedules including consolidation balance sheet at account level, asset matching, expense classification into IFRS 17 categories as defined by the expense policy
• Maintenance and reconciliation of Magic Orange system which is an expense attribution tool
• Enhancing existing procedures & processes

Job / Role Requirements

Work Experience

Required

• Working experience post-articles

Preferred (would be advantageous)

• Experience with using the One-stream reporting tool. Experience with consolidation systems/reporting tools
• Having worked on group consolidations as an auditor or accountant in a financial services company

Education / Qualifications / Accreditations with Professional Body

Education / Qualifications Required

Newly qualified CA(SA)

Technical Skills or Knowledge

Required

Skills

Level

• Basic insurance accounting,
• Computer Literacy
• Excel

• Basic
• Advanced
• Advanced

Preferred (would be advantageous)

• Coding

• Basic

Employment Equity

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.