• The Junior Financial Accountant will be responsible for supporting the financial reporting, accounting operations, and compliance for the insurance company. This role requires a thorough understanding of financial principles, regulatory requirements, and accounting practices specific to the insurance sector. The individual will play a critical role in ensuring accurate financial statements, managing audits, and supporting strategic financial planning. The ideal candidate will possess strong analytical skills, attention to detail, and a solid understanding of accounting principles.

Key Responsibilities:

• Financial Reporting:
• Assist in preparation of monthly and biannual financial results, together with the annual financial statements.
• Ensure compliance with IFRS and other regulatory standards in executing their role.
• Assist with preparation of variance analysis and explanations of deviations in financial performance.
• Accounting Operations:
• Ensuring accurate and timely posting of transactions.
• Oversee accounts payable, receivable, and intercompany transactions.
• Maintain internal controls to safeguard company assets.
• Ensure the completion of all month-end processes and reconciliations.
• Assist in the preparation of VAT calculations and submission.
• Regulatory Compliance:
• Ensure compliance with insurance regulations, tax laws, and financial reporting standards.
• Liaise with external auditors during annual audits and manage audit requests.
• Assist with preparation and filing regulatory reports as required by government agencies and managing queries from these agencies.
• Team member:
• Foster a collaborative team environment, encouraging professional development. Ensure collaboration and transparency in the relationship with Group Finance through proactive, professional and accurate reporting and communication.
• Take end-to-end ownership for the accuracy of the trial balance and engage stakeholders where and when required on any areas of risk in executing your role.
• Financial Analysis:
• Assist in conducting detailed financial analysis to support management’s strategic initiatives.
• Assist in identifying cost-saving opportunities and operational efficiencies.

Requirements:

• Location: Full-Time, In-Office Centurion (Gauteng)
• Bachelor’s degree in accounting, Finance, or a related field; CA (SA) or equivalent qualifications preferred.
• 1-3 years of experience in financial accounting, preferably in the insurance industry.
• Strong knowledge of IFRS (IFRS 17) and relevant regulatory requirements for insurance.
• Proficiency in MS Excel.
• Excellent analytical and critical thinking skills with diligence.
• Effective communication and interpersonal skills to interact with stakeholders at all levels.
• Attention to detail and ability to manage multiple tasks effectively