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  • Posted: Feb 3, 2025
    Deadline: Not specified
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    Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. Our short-term insurance risk management solutions are devel...
    Read more about this company

     

    Sapphire - Finance and Operations Manager

    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)

    go to method of application »

    Sapphire - Finance Manager

    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)

    Method of Application

    Use the link(s) below to apply on company website.

     

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