Accurately manage the controls and processes for financial information, prepare financial reports and providing professional and ethical financial practices and services that support business decision making and performance.
Requirements
BCom Accounting, Financial Management or Management Accounting
4-8 years in financial management in an insurance environment
Knowledge of the insurance and investment industry and applicable regulatory requirements and legislations would be advantageous
Knowledge of Generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS) and risk management principles
Duties & Responsibilities
Internal Process:
Oversee accounting practices in line with group standards.
Oversee month-end related tasks accurately and timeously within Group Insurance.
Ensure accruals are accurate and timeous
Manage the implementation and adherence to financial controls and raise any exceptions with the relevant stakeholders.
Oversee the accuracy, validity and authorisation of journals processed, including roll-up journals from the sub-ledger to Momentum Group ledger
Review the monthly general ledger reconciliations to ensure accuracy and alignment. Ensure that the ageing is also accurately presented and up to date
Oversee and review the delivery of accurate and timeous month-end journals which will include premiums, claims, administration, commission, CAO, profit share, reinsurance and intercompany processes
Review consolidated reports to ensure that the information is appropriate and accurate including the income statement and cash flow variances and supply commentary where necessary
Contribute to the audit process and resolve any audit queries within deadlines
Liaise with the different stakeholders regularly, including risk teams, client services etc.
Drive the delivery of monthly reporting and ensure the business is provided with readily obtained, accurate and meaningful measurements.
People Management:
The finance manager will be responsible for a team of financial accountants
Develop and maintain productive and collaborative working relationships with peers, clients and stakeholders
Positively influence and participate in change initiatives
Continuously develop own expertise in terms of professional, industry and legislation knowledge
Contribute to continuous innovation through the development, sharing and implementation of new ideas