Management Accountant
Excellent opportunity for a highly experienced MANAGEMENT ACCOUNTANT - the incumbent must have at least 3 - 4 years experience in the Insurance Sector.
Duties & Responsibilities
- Work within established systems to deliver prescribed outcomes for a designated area of financial control.
- Able to monitor and control expenditure.
- Able to interpret the impact of unusual figures identified by analytical review.
- Able to prepare budgets and forecasts in cooperation with senior managers.
Data Collection & Analysis
- Anomalies are identified and then investigated together with financial accountants to ensure processing is complete and accurate.
- If the investigation does not yield satisfactory results, the management accountant proceeds to investigate the source of data. Analyse financial data, extract and define relevant information. Interpret data for the purpose of determining past financial performance and forecast preparation by business unit and consolidation into personal lines.
Cost Accounting
- Conduct complex analyses of costs for a significant part of the business to identify variances, suggest efficiencies, and increase profitability.
- Perform ratio analysis as well as the interpretation of variances e.g. surplus ratio, claims ratio, expenses ratio, and other cost accounting metrics.
Budgeting & Costing
- Deliver a budget for an area of the organisation or conduct complex analyses on budget progress in other areas of the organisation.
- Running staff lists to ensure each business unit/cost centres have the correct allocation.
- Budget system management. Assist heads with population of templates.
- Liaise between key stakeholders in order to ensure that the budget is accurate and follows logic.
- Provide instruction and answer questions relating to budget procedures.
- Identifies budget issues, provide alternative solutions, and resolve problems.
- Manage the various budget iterations between heads and exco expectations.
Operational Compliance
- Follow a range of mandatory procedures to ensure that work is carried out to the required quality standards and/or to ensure adherence to external regulatory codes and internal codes of conduct.
Insights and Reporting
- Prepare and coordinate the completion of various financial reports.
Personal Capability Building
- Keep abreast of laws and regulations that apply to this particular function or field of professional expertise, maintain up to date compliance.
Package & Remuneration
General Education
- Bachelor of Commerce Degree (Essential); Bachelor of Commerce (Management Accounting) or CIMA Qualification (Advantageous)
General Experience
- Minimum 2 years’ Financial Management Accounting experience; 2 years’ Financial Services background (Advantageous)
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