Latest Vacancies at Hollard Insurance

Role Objective: 

• To provide financial support to business, support areas and central finance via monthly financial reporting which includes analysis and analytics work and provide assistance for strategic projects

Key Responsibilities: 
Reporting and Planning:

• Assist in reporting to divisional/partner board meetings and Mancos (where applicable)
• Validation of commercial terms and profit share structures to be used in financial reporting (pre GL; 
• Management Accounting; budget models); and communication of these to relevant stakeholders
• Monthly business analysis (Health chart / Management reports)
• Analyse and report on business unit profitability, trends and balance sheet
• Implementation of group and divisional financial controls based on overall company guidelines and 
• procedures
• Implement relevant reporting KPI’s to measure performance against strategic objectives
• Review management accounts prepared by Management Accountants for validity and accuracy
• Review of reconciliations prepared by Management Accountants
• Timetable management for Group/Business Unit/Partner deliverables
• Facilitate budget process for portfolio
• Assist in preparation of valuations for equity investments
• Consolidate reports for reporting to group finance and Hollard Life Exco

Decision and Support:

• Critical evaluation of budget inputs and outputs (business inputs and other contributors) against prior 
• performance; strategy and for reasonability.
• Assist in providing strategic financial information to support Business Unit decision-making
• Assist with Capital Management of projects and activities that are not producing an attractive rate of 
• return to more lucrative opportunities
• Forecasting and communicating business changes so that leaders can position the business to either 
• exploit opportunity or mitigate risk
• Review and implement financial and operational processes for exposure to financial and business risk
• Ensure and monitor high quality standards (best practice accounting) are maintained by the portfolio as 
• set for the group.
• Analysis, interpretation, and evaluation of performance against strategy
• Profitability analysis
• Cost management and analysis
• Assist with Investment appraisal (business case; scenario testing; competitor analysis; etc.)
• Support decisions on commercial terms and profit share structure (new and changes to existing)
• Risk management (financial; strategic and operational)

Relationships: 

• Key stakeholder and work stream relationship management (both internal and external) (e.g. actuarial;  central finance; IT; BU Finance; Principals; Partner; auditors; etc.)

People Management: 

• Business continuity management (work plan management)
• Manage staff performance (setting & communication of prioritization, standards requirements and 
• managing delivery of these KPIs)
• People management (Recruitment & Induction and Training & Development
• Required Knowledge and Experience    
• 3 years management experience including IFRS 17 experience
• Insurance Industry experience preferable
• In depth knowledge of financial and management accounting
• Technical insurance accounting as well as strong advanced excel skills
• Knowledge of accounting packages and strong knowledge of accounting principle practices, systems and controls including budgeting, forecasting, and variance 
• analysis
• Knowledge of Great Plains accounting software advantageous
• Business acumen
• Customer service orientation
• Stake holder management – very important
• Excellent interpersonal communication skills
• Analytical thinking and problem-solving skills
• Good time management / project management

Educational Requirements    

• Qualified CA (SA) /CIMA
• Bachelor Degree in finance

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Job Advert Summary    

• Reporting directly to Head of Projects, this role isresponsible for Hollard’s implementation of IFRS17, providing technical support to finance teams in the group as well as the reporting team and managing the IFRS17 aspects of the audit.

Required Knowledge and Experience    
Key Responsibilities: 
Group implementation of IFRS 17

• Provide technical accounting support to business units and drive implementation of technical standards (IFRS17)
• Lead some of the Finance IFRS17 workstream meetings and drive participation and manage deadlines.
• Develop  & implement IFRS17 finance reports including management accounts, partner reports as well as facilitate the design of BU specific reports
• Facilitate the audit process by liaising with auditors and providing relevant audit support in relation to Projects.
• Adjustments to mapping of the chart of accounts as well as the validation of the journal postings produced by the calculation engine.
• Enable BU’s to identify new controls, reconciliations and other validations that need to be embedded into new IFRS 17 systems and processes (IFC).
• Support BU’s with the implementation process.
• Assistance with ad-hoc projects as and when needed.

Annual Financial Statements to comply with IFRS 17

• Assist in the customising of the Group annual financial statements including the disclosure notes to comply with IFRS17.
• Mapping of the General ledger to HFM.
• Annual review of Group annual financial statements to ensure compliance with IFRS 17.
• Ensure adequate controls and processes are in place to confirm that consolidation eliminations are complete and accurate.
• Manage the External audit relationship on IFRS17 matters, coordinate the consolidation audit process as well as deliverables to Audit & Risk Committee.
• Assistance with ad-hoc projects as and when needed.

Experience: 

• A minimum of 3 years post articles experience
• IFRS 17 experience
• Insurance industry experience

Knowledge & Skills: 

• Good knowledge of different account systems – knowledge of Great Plains, HFM and Power BI would be an advantage.
• Ability to manipulate large amounts of data from different data sources.
• In-depth knowledge of financial accounting and related processes.
• IFRS
• Strong interpersonal skills with the ability to build effective working relationships and influence change.
• Leadership skills and the ability to work independently.
• Excellent interpersonal communication skills.
• Highly numerate, with excellent analytical and problem-solving skills.
• Ability to work under pressure and tight deadlines.
• Good planning and organising skills.

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Job Advert Summary    

• BIMS is a team of Finance and Actuarial specialists who are responsible for the management of the Hollard Group Balance Sheets, as well as the Investment Holding Companies. BIMS enables the Group to meet its strategic objectives wrt e.g profit/return optimisation, growth and competitiveness, as well as long-term sustainability/resilience through governance.  We operate in the financial asset world and have a big variety of different investment types that are managed and reported on by the team.
• We are looking for a “management accountant” to execute, manage and improve our financial accounting management functions. In this role, you would be managing accounting records, continuously evaluating and managing risk, overseeing accounting operations, and analysing financial data.
• You will have the opportunity to work for a high performing, high energy team in a challenging and dynamic role. You will be exposed to, and benefit from the experience of, many CA(SA)s, actuaries and finance professionals who have been in their roles long enough to know, this is where they belong. Our culture promotes individual development to enhance our most important asset – our people.

Required Knowledge and Experience    
Key Responsibilities: 
Monthly

• Responsible for the timely preparation and posting of journals, ensuring that the financial accounting transactions are accurately reflected in the general ledger
• Responsible for the timely preparation of the monthly reconciliations of balances between sub-systems and the general ledger
• Responsible for the timely preparation of tax schedules
• Responsible for the analysis and presentation of monthly performance (actual vs budget; key drivers of performance etc; year-on-year comparisons)

Quarterly

• Responsible for the timely preparation of asset listings
• Responsible for the timely preparation of quarterly regulatory information (QRT; SARB etc)

Annual

• Responsible for the timely preparation of annual regulatory information (SAM returns; NCA submissions etc)
• Responsible for assisting with query resolutions from internal/external auditors
• Responsible for assisting with the completion of the year-end disclosure packs

On-going

• Effective collaboration with team members
• Continuous liaison with, and support of, key internal and external stakeholders (tax; actuaries; group reporting; Balance Sheet Investment team; BU finance; banks; asset managers etc)
• Continuous improvement of accounting and reporting processes in line with senior management needs
• Continuous improvement of risk management processes in line with good governance (regular updating of process documentation etc)
• Active participation in team events

Experience: 

• Some Investment industry experience would be an advantage
• Some Insurance industry experience would be an advantage

Knowldge & Skills

• Proficient in MS Excel
• Able to work with large amounts of data (Microsoft Excel; Adobe)
• Ability to work under pressure and to tight deadlines
• Structural and detail orientated
• Good analytical and problem solving skills
• Good interpersonal and teamwork skills
• Excellent communication and organizational skills
• Motivated and driven
• Financial and management accounting (IFRS) will be an advantage
• Knowledge of systems and controls, budgeting, forecasting and variance analysis will be an advantage

Educational Requirements    

• BComm with Honours (or studying towards this)
• CA(SA)/CIMA advantageous