Senior Accountant - Centurion at OUTsurance

We offer our employee

• A winning, fun and inclusive company culture that embraces diversity.
• Great Rewards and Recognition program
• Benefits (Medical Aid, Pension fund, Group life and Disability benefit
• Growth opportunities (we hire talent, train skill and promote values driven leaders from within
• Wi-Fi on campus and Emergency Panic-Assist through the OUTsurance app
• Employee wellness programs: Free Counselling, Legal Advice and Financial Coaching for you and your members of househol

Job Description

We are looking for an experienced Senior Financial accountant who wishes to build a career within the Finance department specialising in short-term insurance.

• The Senior Financial Accountant will be responsible for managing the financial reporting, accounting operations, and compliance for the insurance company. This role requires a thorough understanding of financial principles, regulatory requirements, and accounting practices specific to the insurance sector. The individual will play a critical role in ensuring accurate financial statements, managing audits, and supporting strategic financial planning.

Responsibilities

• Financial Reporting:
• Oversee preparation of monthly and biannual financial results, together with the annual financial statements.
• Ensure compliance with IFRS and other regulatory standards.
• Prepare variance analysis and explain deviations in financial performance.
• Accounting Operations:
• Manage the general ledger, ensuring accurate and timely posting of transactions.
• Oversee accounts payable, receivable, and intercompany transactions.
• Implement and maintain internal controls to safeguard company assets.
• Ensure the completion of all month-end processes and reconciliations.
• Assist in the preparation of VAT calculations and submissions.
• Regulatory Compliance:
• Ensure compliance with insurance regulations, tax laws, and financial reporting standards.
• Liaise with external auditors during annual audits and manage audit requests.
• Assist with preparation and filing regulatory reports as required by government agencies and managing queries from these agencies.
• Team Leaders
• Train and support junior accounting staff, providing guidance where required.
• Foster a collaborative team environment, encouraging professional development. Ensure collaboration and transparency in the relationship with Group Finance through proactive, professional and accurate reporting and communication.
• Lead projects related to process improvements and system enhancements.
• Take end-to-end ownership for the accuracy of the trial balance and engage stakeholders where and when required on any areas of risk.
• Financial Analysis:
• Conduct detailed financial analysis to support management’s strategic initiatves.
• Assist in identifying cost-saving opportunities and operational efficiencies.
• The candidate will report to the Financial Manager for OUTsurance.

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field; CA (SA) or equivalent qualifications preferred.
• Minimum 5 years of experience in financial accounting, with at least 2 years in the insurance industry.
• Strong knowledge of IFRS and relevant regulatory requirements for insurance.
• Proficiency in MS Excel.
• Excellent analytical and critical thinking skills with diligence.Effective communication and interpersonal skills to interact with stakeholders at all levels.
• Ability to lead and manage multiple projects in a challenging environment