An established insurance company is seeking to hire a highly skilled and experienced Financial Controller to join their team.

Your:

Formal Education

• Degree in Accounting or equivalent (BCom or BCompt (Acc))

Experience

• Completed articles and 3 years’ experience in bookkeeping or accounting function as Accountant II OR 10 years’ experience in bookkeeping/ accounting function.

Will enable you to:

Duties

Procurement and suppliers:

• Responsible for reviewing of primary source documents.
• Responsible for ensuring adherence to the Group's policies, procedures, budget limits and Levels of Authority regarding goods and services procured.
• Responsible for completing "checks" on completeness of supporting documentation maintained and ensuring accountants are aware of any shortcomings in this procedure.
• Providing feedback to financial manager on any problems.
• Assists in other areas where required.

General accounting records and reconciliations:

• Reviews the accounting records to assert whether they are materially valid, accurate and complete.
• Providing feedback to financial manager on any problems.
• Reviews the fixed asset registers.
• Responsible for the review of periodic records including balance sheet reconciliations.
• Prepares reconciliation schedules for more complex account balances and reviews schedules prepared by bookkeeper and to ensure that the balance sheet is appropriately reconciled.
• Primarily responsible for the validity, accuracy and completeness of transactions processed in the accounting records in a consistent manner.
• Ensure the intercompany process is accurate and complete.
• Responsible for preparing calculations where required of amounts recognised in the accounting records.
• Reviews Payroll information with supporting documentation.
• Reviews instruction received from Group in relation to specific entity and ensures instruction is relevant, accurate and understood before actioning.
• Providing feedback to financial manager on any problems.
• Assists in other areas where required.

Management information:

• Reviews all management information prepared (management accounts, budgets and other) to ensure accuracy and proper analysis thereof.
• Responsible for preparing an accurate budget, including the update of forecasts and all supporting schedules timeously.
• Prepares and maintains all other management information requested by the executive management team.
• Develops management information reporting templates.
• Assists in other areas where required.

Sales function:

• Prepares and maintains calculations for revenue generated (including supporting documentation).
• Performs checks on inputs used for system generated revenue calculations to approved sources (agreements etc).
• Performs checks on inputs used for system generated revenue calculations to approved sources (agreements etc).
• Providing feedback to financial manager on any problems.
• Updates and maintains summaries of Assets Under including movements.
• Assists in other areas where required.

Treasury and financial soundness:

• Reviews functions performed by the bookkeepers and accountants.
• Takes ownership of the validity, accuracy and completeness of the weekly and long-term cash flow preparation in line with the required timelines.
• Prepares calculations to monitor financial soundness requirements for current and future periods (liquidity, cash holdings, CAR & solvency).
• May be required to be a releaser of payments and beneficiaries on the banking platform.
• Assists in other areas where required.

Taxation:

• Reviews the VAT reconciliations and working papers prepared by the accountants.
• Escalates any unresolved problems to financial manager.
• Reviews the Income tax returns prepared by bookkeepers and accountants.
• Review tax computations monthly and income tax return before submission to SARS.
• Prepared DWT returns for submission.
• Ensures that all audit queries are addressed timely and that valid tax clearance is maintained at all times.
• Ensures that payment for all tax types are paid within the prescribed timeframes.
• Assists in other areas where required.

Audit and year-end:

• Primarily responsible for providing all information to the auditors and Group management timeously.
• Preparation of annual financial statements.

Special projects:

• Is primarily responsible for the execution and day-to-day monitoring of the project.

Strategic and other areas:

• Participates in meetings.
• More detailed to complex communications required.
• Decision making requires thorough analysis of best practice and research.
• Subject matter knowledge is more detailed and on cluster level.
• Collaborates and provides feedback for consideration of policies and strategy.
• Limited negotiation with peers and subordinates.
• Presents/trains peers and subordinates.
• Assists in other areas where required.

Other – Company specific:

• To be specified by division.
• To be specified by division.