Senior Specialist: Group Finance at Assupol

Description

Financial administration of Incub8 with Assupol (Incub8)

• Ensure that calculation of commission and outsourcing fees are correctly calculated
• Ensure that payments to vendors, cells (commission) and claims are done correct and timeously
• Ensure the recording of financial transactions and performance of monthly reconciliations
• Recording and reporting are done in line with IFRS17, microinsurance and cell captive requirements 
• Address queries and requests of management and cell owners 

Compile reports 

• Compilation of monthly financial reports to management and cell owners
• Compile annual financial statements and oversee process to gather information for disclosure purposes
• Meet internal and external stakeholders’ reporting requirements

Compile and monitor Incub8’s budget 

• Compile the annual budget and 5-year forecast and manage the budget deliverables of the various cells. 
• Report on approved budget i.e. variances etc.
• Maintain a pro-active budget monitoring function to manage budget overspends.

Compile Incub8’s statutory reports

• Compilation of statutory reports and act as liaison with external stakeholders such as the Prudential Authority.
• Ensure timely review and sign off on statutory reports, as well as submission thereof

Ensure Incub’s compliance with SARS requirements

• Perform the income tax calculation of Incub8.
• Obtain relevant information and act as liaison with external auditors regarding provisional and annual tax calculation and returns
• Attend to enquiries received from SARS regarding income tax
• Ensure timeous submission of all tax related matters to SARS (IT, VAT, PAYE, DWT)
• Assist in compiling reports to and participate in the Tax Committee meetings.

Provide assistance to SAICA training officer

• Evaluate trainees where work is performed under this position’s supervision.
• Supervise trainees and provide guidance to them with respect to the SAICA training programme

Ad hoc tasks

• Liaise with and provide deliverables requested by external audit
• Provide assistance where ad hoc tasks are allocated to the position by management e.g. implementation of a new financial reporting standard

Requirements

FORMAL EDUCATION

•  B.Com degree in Accounting Science
•  Certificate In Theory of Accounting (Honours Degree) (CTA)

TECHNICAL/ LEGAL CERTIFICATION 

•  CA (SA) will be beneficial

EXPERIENCE 

• 3 - 5 years financial and management reporting experience in a cell captive environment
• IFRS17 knowledge – practical, not theoretical
• Long Term Insurance industry