Head of Statutory Reporting and Investments at Bryte Insurance Company Limited

Key Accountabilities:

Functional Management;

• This role reports into the CFO and its responsibilities span across all legal entities within the Group.
• Management of the monthly IFRS-based reporting process and preparation of the annual financial statements for all entities; support subsidiary company financial accounting processes.
• Effectively manage the quarterly shareholder and Board reporting requirements, including input to the President’s report.
• Responsible for managing the external auditing process for annual financial statements and other relevant processes.
• Manage financial systems, general ledger process and internal controls, to ensure the integrity of the financial reporting system.
• Ensure timeous and accurate delivery of statutory and regulatory reporting, including solvency reporting on an interim and SAM basis.
• Perform analytical reviews of IFRS and regulatory results and determine reasons for variances.
• Ensure a clean audit report in relation to all regulatory and statutory reporting.
• Identify opportunities to enhance capital management and solvency.
• Identify contravention of compliance and implement controls to ensure all compliance requirements are continuously met.
• Ensure best practice solutions for the company are implemented through researching markets and understanding changes in legislation.
• Network through memberships of various, appropriate associations.
• Effectively manage investment accounting and reporting activities; ensure that investment transactions are recorded in the accounting system on a timely basis and in line with IFRS and the Group reporting requirements.
• Prepare and submit investment reports for Board review and shareholder submission.
• Management of investment processes and operations while maintaining compliance with legislative requirements.
• Calculation of Tax and management of direct and indirect Tax submissions.
• Leading teams of people in line with the Bryte guiding principles and culture, whilst coaching and mentoring individuals within a results-oriented environment. Act as an ambassador for the culture and desired behaviours.

Stakeholder Management

Stakeholders include:

• The Board
• Statutory Bodies
• EXCO
• External Auditor
• Fairfax Group

Leadership Accountabilities:

• Lead a diverse and independent functional team, setting objectives, reviewing performance and participating in selection / promotion decisions to ensure that employees have the necessary skills and understanding to deliver the team's objectives.
• Model behaviours that demonstrate commitment to Bryte’s guiding principles.
• Lead a high-performing team and complete performance management cycle for direct reports.
• Create people management plan to ensure human capability is in place as part of business planning process.
• Take action to manage own personal development and encourage others to do the same.

Qualifications and Experience:

• CA(SA)
• 8 or more years’ experience in relevant field
• 5 years minimum leadership experience
• Exposure to and experience in insurance (life, general and reinsurance) highly preferred
• Exposure to and experience in Investment accounting and management
• Exposure to and experience in taxation and tax compliance
• Sound knowledge of IFRS, including Insurance Accounting standards
• Knowledge of the Insurance Act, including solvency requirements
• Knowledge of SAM solvency legislation and reporting requirements

Competencies:

• Financial Management
• Effective Communication
• Problem solving
• Knowledge Management
• Strategic thinking
• Organisational Governance