Financial Accountant - Commercial Insurance Experience Required

Fempower; Durban; On-site; ZAR 450 000 - 600 000; Full time

Job summary

A financial services firm in Durban is seeking an experienced Financial Accountant to prepare financial reports and ensure compliance with Group reporting timelines. The ideal candidate should have a completed Com Accounting qualification and at least 4-6 years of experience in a similar role, particularly within insurance or financial services. Proficiency in IFRS, VAT, and Income Tax is necessary, alongside strong analytical skills and the ability to work independently. This position offers opportunities for career development within a supportive environment.

Qualifications

• Completed Articles Experience and Knowledge required.
• Minimum of 4 to 6 years' experience in a similar role.
• Experience in Insurance or Financial services is key.
• Thorough understanding of IFRS, VAT and Income Tax.

Responsibilities

• Process accounting entries and prepare monthly management accounts.
• Prepare monthly petty cash, bank and GL reconciliations.
• Prepare commentary on the financial results for Management.
• Reconcile intercompany balances and prepare required confirmations.
• Support the implementation of internal controls and report discrepancies.
• Assist in the implementation of the ERP system.

Skills

Analytical skills

Attention to detail

Independence

MS Office with solid Excel skills

Ability to manage changing priorities

Education

Com Accounting or related qualification

Tools

ERP systems

Job description

Currently in search of a Financial Accountant who will be responsible for preparing financial reports for the assigned business units.

Qualifications, Experience & Competencies

• Com Accounting or related qualification completed.
• Completed Articles Experience and Knowledge required.
• Minimum of 4 to 6 years' experience in a similar role.
• Experience in Insurance or Financial services is key.
• Thorough understanding of IFRS, VAT and Income Tax.
• Strong analytical skills.
• Must be able to work independently and with minimal supervision.
• MS Office with solid Excel skills (intermediate).
• Strong attention to detail.
• Ability to manage changing priorities and competing demands.

Key Performance Areas

• Process accounting entries and prepare monthly management accounts in compliance with Group reporting timelines.
• Prepare monthly petty cash, bank and GL reconciliations.
• Prepare commentary on the financial results to provide insights to Management.
• Reconcile intercompany balances and prepare related confirmations, pile supporting documentation and schedules required for external and internal audits.
• Support the implementation of internal controls, report financial discrepancies and errors.
• Assist in the implementation of the ERP system.