Accountant: Life Insurance & Reporting

PPS; Johannesburg; On-site; ZAR 300,000 - 420,000; Full time

Job summary

PPS Group Finance is seeking an Insurance Reporting Accountant to manage General Ledger entries, reporting, and reconciliation for PPS Insurance Company Limited (South Africa) and PPS Insurance Company Namibia Limited. The role covers processing, financial reporting, budgeting, and statutory reporting within a specialist insurance accounting function.

The ideal candidate will have an Accounting Degree, 0–2 years articles experience, and exposure to IFRS 17.

Qualifications

• Accounting degree required; postgraduate qualification is an advantage.
• 0–2 years articles experience; articles experience an advantage.
• Experience in an insurance company would be an advantage.
• Exposure to IFRS 17 would be beneficial.

Responsibilities

• Analyze the monthly IAA trial balance for unusual movements with Finance.
• Import the IAA Trial balance into the General Ledger system.
• Process monthly standard journals from Operational Accounts and Group Finance.
• Reconcile IAA trial balance accounts to the general ledger and to Premiums/Claims schedules.
• Take ownership of all IAA and insurance-related accounting processes.

Skills

IFRS 17

Insurance industry knowledge

Strong accounting knowledge

Analytical skills

Education

Accounting Degree

Job description

Job Description,

PPS Group Finance is seeking an Insurance Reporting Accountant responsible for the General Ledger entries, reporting and reconciliation of transactions originating from the Insurance Policy Administration System for PPS Insurance Company Limited (South Africa) & PPS Insurance Company (Namibia) Limited.

Job Description,

PPS Group Finance is seeking an Insurance Reporting Accountant responsible for the General Ledger entries, reporting and reconciliation of transactions originating from the Insurance Policy Administration System for PPS Insurance Company Limited (South Africa) & PPS Insurance Company (Namibia) Limited.

Requirements,

Education

• Accounting Degree, post graduate qualification an advantage

Experience

• 0 – 2 years articles experience. Articles experience an advantage
• Previous experience in an Insurance company would be an advantage

Knowledge And Skills

• Knowledge of the insurance industry an advantage
• Good accounting knowledge and proven track record
• Exposure to IFRS 17 an advantage

Duties and Responsibilities,

Processing

• Analyse the monthly IAA trial balance for unusual movements, query and follow through with Operational finance.
• Importing the IAA Trial balance into the General Ledger system
• Processing additional monthly standard journals received from Operational Accounts department as well as other Group finance journals, as required.
• Managing 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 IAA trial balance accounts to the general ledger
• Reconciling Premiums, Claims, Reinsurance and Commissions schedules to the trial balance
• Taking overall ownership of all IAA and insurance related accounting

Financial Reporting

• Provide management and PPS 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 and annual profit allocation calculation
• Prepare Financial Statements including IFRS 17 disclosures

Budgeting

• Preparing all IAA 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
• IFRS 17 & Regulatory Reporting

Business related issues

• Respond to queries from business timeously
• Assisting with Ad Hoc requests