Finance Manager at Santam Insurance

Santam is looking for a suitably qualified and experienced Finance Manager - Crop Insurance. The position will be based in Bloemfontein offices.

• To maintain, record and report on the SBU’s financial activities, which include the budget, financial income statement and financial controls, according to generally accepted accounting practice, both internally and externally.
• To manage, coach and develop a team of Accountants and Financial Clerks.
• The successful candidate must have the potential to take over any additional managerial responsibilities in crop insurance when opportunities arise.

What will make you successful in this role?

• Preparation of Quarterly Board reports. 
• Maintain general ledger accounts. 
• Prepare preliminary monthly financial results for SBU.
• Extract information from internal financial system for compiling monthly Bordereaux. 
• Perform ad hoc analysis on financial results as requested by SBU management .
• Calculate cancellation reserve monthly, with explanatory notes for deviations from budget and historical information.
• Prepare summary of premiums and claims per line of business.
• Provide actuaries with historical information for calculating UPP factors for the new season. 
• Monthly reconciliation of control accounts using various extracts and cashbook entries for submission to Santam HO Finance Department.
• Facilitate and manage budget process for SBU ensuring that all managers adhere to timelines. 
• Manage legal actions regarding unpaid premium.
• Monthly payment of commission to brokers and advisors.

Qualifications and Experience

• BCom - Accounting or comparable qualification
• At least 10 years in a business financial environment
• Experience in an insurance environment is recommended

Knowledge and Skills

• Knowledge of accounting – generally accepted accounting practice.
• Implement controls and exercise internal control over all financial functions.
• Monthly reconciliations and reporting.
• Reconcile all information at Ledger level.
• Knowledge of personal computer as well as certain software programs.
• Accounting System Knowledge
• Basic knowledge of Companies Act and tax legislation
• Proficient in MS Office (Excel, Word, Power Point)
• Accounting System Knowledge
• Basic knowledge of Companies Act and tax legislation.

Competencies

• Able to work under constant pressure.
• Must be deadline-oriented.
• Able to make decisions promptly, bearing in mind the consequences.
• Able to multi-task.
• Able to deal with regular interruptions.
• Analytical and problem solving skills
• Interpersonal and client service skills
• Team player