Job Openings at Bryte Insurance Company Limited

Key Task & Accountabilities

Reinsurance

• Reinsurance technical accounting
• General ledger maintenance, including preparation of journal entries and analysis of accounts
• Reconciliations of all reinsurance accounts
• Reinsurance Statement of accounts
• Cash management
• Monthly reinsurance reporting
• Analysis of results and balances
• Preparation of reinsurance treaty statistics
• Streamlining of processes

Banking

• Daily processing of banking transactions
• Processing of General Ledger entries (bank and debtors processing)
• Daily matching and clearing of EFT in/out transactions
• Capture and allocate premium and claim recoveries received
• Review all bank reconciliations monthly within the required timelines
• Identify all reconciling items, investigate, follow up on outstanding items and clear items
• Daily cash movement process with final journals posted
• Completion of quarterly bank account dashboard

Credit Control

• Reconcile unallocated cash
• Complete premium collections and account reconciliations within agreed timeframes
• Timely and effective collection of all debt and customer payments
• Resolving queries both internally and externally (outstanding payments – all customer queries – invoices and remittances)

Statutory Reporting

• Preparation of the monthly IFRS-based reporting process
• Preparation of month-end finance packs
• Responsible for the external auditing process for annual financial statements and other relevant processes
• Preparation of the annual financial statements
• Ensure timeous and accurate delivery of statutory and regulatory reporting, including solvency reporting on an interim and SAM basis
• Ensure a clean audit report in relation to all regulatory and statutory reporting

Claims

• Ensure business standards and agreed SLAs of all claims related matters are adhered to
• Review open and closed files to establish procedures and controls to minimise claims leakage
• Continuously monitor and manage quality of claims handled

Systems development

• Identifying user needs
• Meeting with relevant stakeholders to make sure needs are catered for
• Scoping, designing and testing reports

Qualification & Experience

• BCom Accounting Degree
• 5 years’ relevant experience
• Experience in an accounting role (Insurance Accounting and/or Financial Management Services industry beneficial)
• Preferably have exposure to Insurance (Life, General and Reinsurance)

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Reinsurance

• Reinsurance technical accounting
• General ledger maintenance, including preparation of journal entries and analysis of accounts
• Reconciliations of all reinsurance accounts
• Reinsurance statement of accounts
• Cash management
• Monthly reinsurance reporting
• Analysis of results and balances
• Preparation of reinsurance treaty statistics
• Streamlining of processes

Banking

• Daily processing of banking transactions
• Processing of General Ledger entries (bank and debtors processing)
• Daily matching and clearing of EFT in/out transactions
• Capture and allocate premium and claim recoveries received
• Review all bank reconciliations monthly within the required timelines
• Identify all reconciling items, investigate, follow up on outstanding items and clear items
• Daily cash movement process with final journals posted
• Completion of quarterly bank account dashboard

Credit Control

• Reconcile unallocated cash
• Complete premium collections and account reconciliations within agreed timeframes
• Timely and effective collection of all debt and customer payments
• Resolving queries both internally and externally (outstanding payments – all customer queries – invoices and remittances)

Statutory Reporting

• Preparation of the monthly IFRS-based reporting process
• Preparation of month-end finance packs
• Responsible for the external auditing process for annual financial statements and other relevant processes
• Preparation of the annual financial statements
• Ensure timeous and accurate delivery of statutory and regulatory reporting, including solvency reporting on an interim and SAM basis.
• Ensure a clean audit report in relation to all regulatory and statutory reporting

Qualification & Experience

• BCom Accounting Degree
• 5 years’ relevant experience
• Experience in an accounting role (Insurance Accounting and/or Financial Management Services industry beneficial)
• Preferably have exposure to insurance (Life, General and Reinsurance)