General Ledger Controller at Santam Insurance

General Ledger Officer

• Santam is seeking a General Ledger Officer to perform a variety of routine and non-routine accounting functions with significant focus on general ledger accounting. 
• This exciting opportunity is available within Corporate Services, Financial Management based at our head office in Tyger Valley.

JOB DESCRIPTION

• This position is responsible for supporting key activities such as month-end, fixed assets processing, account reconciliations and audits. The successful incumbent will participate in continuous improvement initiatives within the general ledger process area and proactively seek opportunities to improve service delivery to business stakeholders. 

The purpose of the role is to ensure the integrity of the general ledger with the aim of enabling the provisioning of accurate and up-to-date financial reporting.
 
PRINCIPLE ACCOUNTABILITIES INCLUDE:
INTERFACES & JOURNALS (Month-end)

Implement and enforce procedures to ensure that:

• All data from source systems is correctly imported into JDE
• All data from JDE is processed correctly
• All the relevant information from external sources are received and correctly processed into JDE
• All Fixed Asset transactions are correctly processed in JDE
• All Investment transactions are correctly processed in JDE
• Month-end deadlines are met
   

VALIDATION OF GENERAL LEDGER INFORMATION

• Review all allocated General Ledger reconciliations to ensure correctness.  Verify that all reconciling items are cleared timeously.
• Review and authorise General Ledger Journals prepared by other teams.
• Generate a final Trial Balance per company for use by the Reporting Department.
   

EXPENSE ALLOCATIONS

• Understand process and rationale for expense allocations
• Review and authorise outcome of allocation process
• Explain outcome to stakeholders
• Assist with implementing changes to VAT and SASRIA legislature in the Santam systems

FIXED ASSETS

• Implement and enforce controls to ensure that all relevant fixed asset documentation is received and correctly processed in JDE
• The Fixed Asset Register must be a true reflection of all fixed assets in Santam
• Review and authorise all Fixed Asset reconciliations
• Preparing of Reporting Schedules
• Frequently review the effectiveness of the Fixed Assets system and implement improvements where needed.
   

REALiSED/UNREALISED FOREX

• Prepare and process journals relating to realised and unrealised foreign currency transactions.
• Summarise, reconcile and review foreign currency transactions.

QUALIFICATIONS AND EXPERIENCE

• Matric.
• Tertiary qualification e.g. B Com Accounting or equivalent. 
• Minimum 5 years’ of working experience in a financial environment is required.
   

KNOWLEDGE

• JDE knowledge is advantageous or any other large general ledger system such as SAP or Oracle. 
• Short-term insurance knowledge would be advantageous.
• Awareness of IFRS 17 would be advantageous.
   

SKILLS

• Analytical ability and logical reasoning.
• Strong client service orientation.
• Ability to work under pressure.
• Deadline driven.
• MS Office: Strong Excel skills, general Word, PowerPoint and Outlook skills.

COMPETENCIES

• Attention to detail and high level of accuracy.
• Analytical thinker and problem solver.
• Proactive, responsive and deadline driven.
• Excellent communication skills both verbal and written, in English.