Finance Manager (Short-Term Insurance) at Kontak Recruitment

• A licensed short-term insurer operating within a highly regulated environment is entering a strategic growth phase, expanding into personal and commercial motor, property, and liability lines. The organisation is built on a strong governance, risk, and compliance framework, supported by actuarial oversight and outsourced specialist functions. With a focus on disciplined, quality-driven growth, the business prioritises sound capital management and strict regulatory alignment.
• This role forms a key part of the finance function and supports the organisation’s expansion strategy. The Finance Manager will lead the first-line finance function, ensuring accurate financial management, regulatory compliance, and effective capital and solvency monitoring within a short-term insurance environment. The position operates within an administrative structure, with potential to transition in-house as the business scales.

Minimum Requirements:

• CA(SA) qualification (essential)
• 2–3+ years post-articles experience within a short-term insurance environment
• Completed SAICA Articles 
• Short-term insurance (non-life) experience (essential)
• Exposure to motor, property, and liability lines (personal and commercial)
• Strong understanding of SAM, SCR, and ORSA
• Experience with regulatory reporting to the Prudential Authority
• Experience and understanding of IFRS 17
• Advanced Microsoft skills and experience with accounting systems (e.g. Xero, Sage Pastel)

Advantageous:

• Experience with binder / UMA / outsourced models
• Experience with broker due diligence and onboarding
• Experience within a growing or scaling insurer
• Ability to operate in a hands-on, lean environme

Duties and Responsibilities:
Financial Management & Reporting

• Prepare monthly management accounts, budgeting, and forecasting
• Prepare annual financial statements in line with regulatory requirements
• Ensure accuracy and integrity of financial reporting
• Prepare financial reports for Exco and Board

Regulatory & Compliance

• Manage and submit regulatory returns to the Prudential Authority
• Ensure compliance with SAM, IFRS, and insurance regulations
• Support internal and external audit processes

Capital & Solvency Management

• Support ORSA processes and capital planning
• Work closely with actuarial functions
• Monitor SCR and solvency coverage ratios

Operational Finance

• Manage premium, claims, and cashflow processes
• Manage insurer bank accounts and reconciliations
• Ensure controls over binder and outsourced arrangements

Governance & Internal Controls

• Maintain strong internal controls aligned to GOI 3
• Support risk, compliance, and audit functions
• Develop and maintain finance policies and procedures