Statutory Accountant

Guardrisk Group; Sandton; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Guardrisk Group is seeking a skilled accounting professional to manage SAM quarterly and annual returns, IFRS financial statements for Guardrisk Life Ltd, and SARS compliance. The role involves preparing group reporting packs, supporting portfolio accountants, and ensuring timely financial deliverables.

A CA(SA) with post-articles experience is preferred, along with life insurance exposure. Based in Sandton, the role requires strong technical knowledge, IFRS 17 familiarity, and the ability to

Qualifications

• BCom Accounting degree or equivalent.
• CA(SA) designation preferred.

Responsibilities

• Prepare SAM quarterly and annual returns.
• Prepare IFRS financial statements for life insurer.
• Submit SARS related deliverables including income tax returns and PAYE.
• Assist with group reporting packs and technical queries.
• Support portfolio accountants and ensure timely corporate reporting.

Education

Bcom Accounting

CA(SA)

Job description

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

The work will consist of providing high quality, service driven and client focused reporting for Guardrisk Life Ltd, a licenced life insurer, part of the Guardrisk Group with ultimate holding company Momentum Group Ltd. Reporting responsibilities include preparation of all SAM returns, IFRS financial statements, group reporting packs, tax returns (including calculation of taxes payable), completion of all SARS related reporting and add hoc requests. In addition, the role will also be responsible to perform the accounting function for a portfolio of clients.

Requirements

Qualifications

• Bcom Accounting
• CA(SA)

Experience

• 2-4 years post article experience
• 2 years post article experience in the life insurance industry.
• Audit experience in life insurance industry.
• General understanding of industry, statutory guidelines and insurance law.
• Experience with calculation of five fund tax applicable to life insurance companies.
• Cell captive experience preferred.
• Experience preparing statutory reports, including SAM, SARB, NCR, SARS etc. (at least two years).
• Experience preparing IFRS 17 financial statements for life insurance companies.
• Good understanding of IFRS 17 principals preferred.

Duties & Responsibilities

• Prepare SAM quarterly and annual returns.
• Prepare annual financial statements on an IFRS basis.
• Calculate, prepare and submit all SARS related deliverables including income tax returns, PAYE returns, dividend and interest withholding tax submissions etc.
• Preparation and submission of group reporting packs.
• Support portfolio accountants with technical queries.
• Preparation and approval of payment instructions.
• Identify and report where necessary or resolve if possible respective accounting or reporting issues.
• Portfolio support and management/servicing by working closely with the portfolio managers and other colleagues (especially the actuarial function).
• Special Projects assigned within the group.
• Contribute to the enhancement of systems and processes in order to enhance financial management with Guardrisk and to contribute to creating reporting efficiencies in order to simplify processes and reduce reporting timelines.
• Profit reporting for Guardrisk Life.
• Take responsibility for management of the year-end external audit process, as well as periodic internal audit processes.
• Perform accounting function for a portfolio of clients, including making payments and completion of the client trial balance.
• Provide technical support to portfolio managers, portfolio accountants and external clients.
• Continuously develop own expertise in terms of professional, industry and legislation knowledge.
• Contribute to continuous innovation through the development, sharing and implementation of new ideas.
• Take ownership for driving career development.
• Build and maintain relationships with clients and internal and external stakeholders.
• Participate and contribute to a culture which build rewarding relationships, facilitates feedback and provides exceptional client service within the organisation.
• Ability to work in a team but also work independently.

Engage with clients in a client centric manner (Client Services)

• Provide authoritative, expertise and advice to clients and stakeholders.
• Build and maintain relationships with clients and internal and external stakeholders.
• Deliver on service level agreements made with internal and external stakeholders and clients.
• Make recommendations to improvement client service within area of responsibility.
• Participate and contribute to a culture which build rewarding relationships, facilitates feedback and provides exceptional client service.

Self-management and teamwork (People)

• Develop and maintain productive and collaborative working relationships with peers and stakeholders.
• Positively influence and participate in change initiatives.
• Continuously develop own expertise in terms of professional, industry and legislation knowledge.
• Contribute to continuous innovation through the development, sharing and implementation of new ideas.
• Take ownership for driving career development.

Manage budget and implement sound financial controls (Finance)

• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Implement and provide feedback on the effectiveness of financial policy, practice and procedures preventing illegal, unethical or improper conduct.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Business Acumen

Understands how the business operates, what the key issues and risks are that drives business success; and how they impact on the commercial viability of potential ventures and the profitability of the Group

Collaboration, performing and overseeing

Prioritises the business interests of Guardrisk and invests in the success of the group by aligning effort across divisions.

Client/ Stakeholder Commitment

Anticipates, meets and exceeds client’s/stakeholder (ie regulatory bodies and shareholders) needs by creating long lasting relationships that support the client value proposition, supports their financial wellness and ensures client centricity.

Impact and Influence

Persuades, convinces, influences and inspires others, both within Guardrisk and externally to win support, loyalty and gain commitment to the purpose of MMI.

Drive for Results

Drive a sense of urgency, focus, accountability, agility and execution to deliver business results.

Self-Awareness and Insight

Manages self and relationships with others effectively, deals with ambiguity, uncertainty and pressure, and provides perspective in difficult situations.

Leads Change and Innovation

Actively leads change, does what is right for the business and drives continuous improvement through innovation.

Diversity and Inclusiveness

Is sensitive to individual and cultural differences and demonstrates humility and an openness to engage people from diverse backgrounds and cultures to the mutual benefit of all parties concerned.