Graduate Intern: Short-Term Insurance Finance

PPS Recruitment • Other • City of Johannesburg Metropolitan Municipality, Gauteng, South Africa • $200 - $300 / year • 1w ago

Job Advert Summary

PPS Short Term Insurance Company Limited is looking for a candidate who can function as a Junior Accountant in the Short-Term Finance Department. This individual will take responsibility for the day-to-day accounting and reporting duties within the finance department.

Minimum Requirements

Education:

Matric
B. Com Accountancy degree.

Knowledge and Skills:

Above average technical knowledge of IFRS
MIP experience and Great Plains experience will be an added advantage
Knowledge of consolidations
Proven track record of being involved in the preparation and/or audit of Annual Financial Statements
Strong written and verbal communication, presentation, client service and technical writing skills

Competencies:

Attention to detail and high level of accuracy
Ability to work independently
Accountability and responsibility for accuracy of work
Take initiative, be proactive, performance and results driven
Diligence and numeracy ability
Analytical
Time management and organizational skills
Ability to meet deadlines and resilient
Passionate, ambitious and energetic
Collaborative and cooperative

Duties and Responsibilities

Preparing the month-end journal entries generated from the policy administration system and related general ledger reconciliations including:

Creditors, Accruals and ProvisionsCommission
Premiums
Claims
Fixed assets
Rental expense and Regulatory payments

Processing cash deposits, payments and adjustments on the general ledger system. Act as liaison with the Bank.

Processing commission payments, commission statements and commission queries

Process general ledger adjustments as per request from other operational departments and investigating any related issues

Ensuring successful month end run

Preparation of collection file for review

Quarterly preparation of Reinsuarance accounts

Weekly updating of Premium debtor listing

Assist with annual budget preparation

Reporting requirements:

Prepare Key Performance Indicators, the summary and related annexures for the financial performance and financial position for reporting to Group Finance.
Provide support to the Actuarial Department in preparing the Financial Accounting section of the Solvency Assessment and
Management (SAM) Reports on a quarterly basis.
Provide support to the Actuarial Deportment when preparing the Conduct of Business Return.
Preparation of Annexure for Group submission.
Assist with year-end reporting.

Incentive Calculation: