Accountant

The Accountant is responsible for preparing, reviewing and analyzing financial reports for the company. He/she must have in-depth knowledge of bookkeeping, auditing and budgeting procedures .

JOB OBJECTIVE:

The Accountant is responsible for preparing, reviewing and analyzing financial reports for the company. He/she must have in-depth knowledge of bookkeeping, auditing, budgeting procedures and also have the   ability to monitor daily transactions and recommend ways to improve the processes and procedures.

JOB RESPONSIBILITIES:

1. Prepare Annual Shareholder Reports for the Group and Parent company in accordance with IFRS 

2. Responsible for the internal and external audit process to meet stipulated due dates.

• Preparation of IFRS financial statements;
• Updating IFRS financial statements with applicable new IFRS requirements / amendments;
• Preparation of audit lead schedules;
• Addressing requests and queries from auditors;
• Follow up & clearance of any items on management letter / review points;
• Follow up with auditors for signed financial statements

3. Responsible for the accurate computation of company annual and quarterly taxes, remittance of any taxes due and filing of return by deadline date.

• Submit tax schedules to PwC (if applicable) and addressing queries raised;
• Review and sign off tax computation and return provided by PwC;
• Liaising with Manager on tax treatment of unusual transactions

4. Review and prepare the balance sheet, profit and loss statement.

5. Reinsurance

• To review the reinsurance statements and reconciliations
• To develop a working understanding of reinsurance arrangements and the role of Finance in the process.

6. Bank Reconciliations

• Review/ prepare assigned bank reconciliations within the stipulated deadlines.
• Ensure reconciling items are cleared within recommended deadlines.

 7. New Accounting Standards

• To provide support to management in the implementation of new accounting
• To guide the accounting team by coordinating activates and answering questions on accounting policies, procedures and regulations.

 8. Individual company examples could include: 

• Preparation of periodic financial statement and expense variance reports that completely explain all material variances or unusual transactions for the comparable time periods (budget / prior periods).
• Preparing budget and forecasts (management & template format): Liaising with subsidiaries and departments for budget/forecast income and expenses information; Liaising with the group that require budget assumptions not included in approved budget assumptions document; Documenting all assumptions used; Investigating any variances and providing management with clear explanations on any queries raised; Uploading budgets into Oracle.

 9. Group-level examples could include:

• Preparation of assigned Forecast and Budget Sub-group consolidations: Review of subsidiaries template to ensure all notes are completed, checks are nil, brought forward balances are correct; Elimination of intergroup balances and investigating and clearing any differences; Prepare/process consolidation entries.
• Investing expense variances, reviewing and producing cost reports,
• Analytical reviews on the group’s results to determine the reasonability of the financial statements.

 10. To perform any other job-related duties as assigned by the Manager.

PERFORMANCE STANDARDS: 

1. Quality of Analysis, determined by inter alia Executive / Board feedback.
2. Accuracy, including producing financial statements free from audit adjustments.
3. Ability to manage (and meet) competing deadlines and deliverables.
4. Ability to work independently and make recommendations to solve problems encountered.
5. Strong technical accounting knowledge.
6. Ability to work with detail while maintaining a larger objective in mind.
7. Overall contribution to building the Group-wide Finance Team. 

EDUCATION: 

• Bachelor Degree in Accounting  and or ACCA level 2 (minimum) 

EXPERIENCE: 

• At least five (5) years in Accounting in Property and Casualty
• At least five (5) years in Accounting and Financial procedures
• Understanding of IFRS