Financial Accountant - Financial Reporting

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

Job summary

A leading company in the insurance sector is seeking a Financial Accountant for Financial Reporting. The role involves managing the general ledger team, ensuring compliance with IFRS, and preparing financial statements. Ideal candidates will have a strong accounting background, management experience, and knowledge of insurance accounting standards. Join a dynamic team and contribute to financial excellence within the organization.

Qualifications

• 2-3 years management experience in relevant fields.
• Experience in insurance preferred.

Responsibilities

• Manage the general ledger team and operational activities.
• Prepare and review manual SAP journal entries.
• Compile month-end finance packs adhering to IFRS.

Skills

Management

Accounting

Financial Reporting

IFRS

Stakeholder Engagement

Education

B. Comm in Accounting

CA(SA)

Job description

Job Title: Financial Accountant - Financial Reporting

Location: Gauteng, Johannesburg

Application Deadline: June 14, 2025

Key Tasks & Responsibilities

• Report to the Head of Statutory Reporting, overseeing responsibilities across all legal entities within the Group.
• Manage the general ledger team (3 direct reports) and its operational activities.
• Prepare or review manual SAP journal entries.
• Prepare investment accounting journal entries for money market accounts, equities, and bond instruments.
• Record investment transactions timely and in compliance with IFRS and Group reporting standards.
• Prepare and post head office journal entries to ensure accurate and timely recording in the accounting system.
• Prepare and review entity balance sheet reconciliations and dashboards.
• Compile month-end finance packs for consolidation and individual entities, adhering to IFRS 4 and 17 reporting timelines.
• Submit quarterly reports to Fairfax Group via OneStream, deadline the 12th calendar day post quarter-end.
• Support actuarial team with quarterly and annual SAM submissions for regulatory reporting to the Prudential Authority.
• Complete statutory returns such as C68 forms for SARB.
• Handle ad hoc financial reporting requests.
• Prepare income tax and deferred tax calculations, provisional and annual tax returns, dividend tax returns, and upload on SARS e-filing system.
• Assist in external audit processes, including audit requests and financial statement preparation.
• Prepare annual financial statements for all entities and support subsidiary accounting processes.
• Support automation projects related to quarter-end and year-end processes.
• Maintain internal controls to ensure compliance with financial reporting standards.
• Engage with stakeholders including senior management, actuarial team, and finance teams to promote effective communication and teamwork.

Stakeholder Management

Key stakeholders include:

• Line Manager: Head of Statutory Reporting
• Finance Management: Heads of Management Reporting, Reinsurance, Actuarial, and Projects
• Bryte CFO and Finance Team
• Insurance Partners, UMA Support Teams
• External Auditors
• Fairfax Group

Qualifications & Experience

• B. Comm in Accounting or CA(SA)
• 2-3 years management experience in relevant fields
• Experience in insurance (life, general, reinsurance) preferred
• Strong knowledge of IFRS, including IFRS 17 for insurance accounting
• Understanding of SAM solvency legislation and reporting
• Experience in accounting/financial services roles