Financial Accountant - Statutory Reporting

Bryte Insurance Company Limited; Johannesburg; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A leading insurance company in Johannesburg is seeking a Financial Accountant specializing in Statutory Reporting. The role involves overseeing statutory reporting for legal entities, preparing financial statements, and ensuring compliance with IFRS standards. Ideal candidates will have a CA (SA) qualification and relevant experience in the insurance sector. Join a dynamic team committed to results-oriented financial management.

Qualifications

• 2 to 3 years of relevant experience in accounting or financial services.
• Experience with insurance preferred.

Responsibilities

• Oversee all legal entities within the Group for statutory reporting.
• Prepare month-end finance packs and annual financial statements.
• Handle taxation calculations and external audit processes.

Skills

IFRS

Taxation

Stakeholder Management

Education

CA (SA)

Job description

Job title: Financial Accountant - Statutory Reporting

Job Location: Gauteng, Johannesburg

Deadline: June 06, 2025

Key Tasks & Accountabilities

1. Functional Management
2. Report to the Head of Statutory Reporting, overseeing all legal entities within the Group.
3. Process IFRS 17 accounting journals from the Actuarial team, ensuring timely recording and reconciliation from IFRS 4 to IFRS 17 in line with IFRS and Group reporting standards.
4. Prepare investment accounting journal entries for equities and bonds, ensuring timely and compliant recording.
5. Review and post other head office journal entries to ensure accuracy and compliance with IFRS and reporting standards.
6. Prepare month-end finance packs for both consolidated and individual entities, adhering to reporting timelines.
7. Submit quarterly reports to the Fairfax Group via the OneStream System, no later than the 12th day after quarter-end.
8. Support actuarial team with quarterly and annual SAM submissions for statutory and regulatory reporting to the Prudential Authority.
9. Handle taxation calculations, including income tax, deferred tax, provisional payments, and tax returns.
10. Assist in managing the external audit process for annual financial statements and related activities.
11. Prepare annual financial statements for all entities and support subsidiary financial processes.
12. Maintain internal controls related to financial reporting to ensure compliance.
13. Engage with stakeholders, including finance senior management, actuarial team, and other finance teams, fostering effective communication and teamwork.
14. Promote a results-oriented environment aligned with Bryte's culture and principles.

Stakeholder Management

• Line Manager: Head of Statutory Reporting
• Finance Manco: Management Reporting, Reinsurance, Actuarial, and Projects
• Bryte CFO
• Bryte Finance Team: Management Reporting, Reinsurance, Actuarial, General Ledger, and Finance Operations
• External Auditors
• Fairfax Group

Qualification & Experience

• CA (SA)
• 2 to 3 years of relevant experience
• Experience with insurance (life, general, reinsurance) preferred
• Strong knowledge of IFRS, including IFRS 17
• Familiarity with SAM solvency legislation and reporting
• Experience in accounting or financial services roles