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Cape Town: Junior Accountant (CPT) posted by Datafin

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Job Description

Junior Accountant (CPT)Finance/Admin
Cape Town – Western Cape – South Africa

ENVIRONMENT:
AN energetic & self-driven Junior Accountant is wanted to join the Finance team of a reputable Financial Services provider. You will help maintain accurate financial records, assist with month-end and year-end processes, and ensure compliance with IFRS and insurance regulatory requirements. This role is critical in supporting the preparation of financial reports for a funeral insurance business, ensuring accuracy and timeliness. Applicants must have Grade 12/Matric, a BCom Accounting or equivalent qualification, 1-2 years post-articles experience in Financial Services with completed SAICA/SAIPA Articles (signed off). You also need a strong understanding of IFRS and basic insurance accounting principles and have proficiency in accounting software (e.g., Sage X3, Pastel) and MS Excel (pivot tables, lookups, basic dashboards).
DUTIES:
Core Accounting Duties –
  • Post and maintain accurate journal entries in the General Ledger.
  • Assist in reconciling bank accounts, policyholder accounts, and suspense accounts.
  • Prepare supporting schedules for financial statements.
  • Assist in the preparation of management accounts and statutory reports.
Regulatory & Compliance –
  • Support the preparation of VAT, tax returns, and regulatory submissions (e.g., FSCA, SARS).
  • Ensure compliance with IFRS and insurance-specific accounting standards.
Insurance-Specific Duties –
  • Assist with premium income reconciliations and claims expense analysis.
  • Assist with preparing working papers for IFRS 17 reporting.
Analytical Reporting –
  • Prepare variance analysis reports comparing actual vs. budget and prior periods.
  • Assist in producing profitability and claims ratio reports for management.
  • Support the development of dashboards and trend analysis for decision-making.
  • Provide insights on expense drivers and revenue performance for funeral insurance products.
Audit Support –
  • Compile audit packs and respond to Auditor queries under supervision.
Premium Administration Duties:
Premium Allocation –
  • Downloading of payments/rejections files from various platforms.
  • Upload to ELIMS.
Cut-Off Dates –
  • Ensure SASSA collections dates have been submitted in time to ensure successful collection percentage is reached and maintained as required.
Handle Queries –
  • Amendment processes where system fails.
  • E-mails/Calls received from various departments and branches and collection companies.
  • Communicate with Stratcol, Qlink and other outsourced partners.
  • Recon of transactions from Qlink and Stratcol and ensure they are on ELIMS premium file and rejections extracts.
Reports –
  • Various result reports received from collection companies to be investigated.
REQUIREMENTS:
Qualifications
  • Grade 12 or similar qualification is essential.
  • BCom Accounting or equivalent qualification.
Experience/Skills –
  • 1-2 Years post-articles experience in Financial Services (Insurance experience advantageous).
  • Knowledge of turnover VAT and specific calculations.
  • Completed SAICA/SAIPA Articles (signed off).
  • Exposure to IFRS16 & 17 preferable.
  • Experience with MS Office, Excel, Word and Outlook are required.
  • Strong understanding of IFRS and basic insurance accounting principles.
  • Proficiency in accounting software (e.g., Sage X3, Pastel) and MS Excel (pivot tables, lookups, basic dashboards).
Advantageous
  • Exposure to Sage X3.
  • Additional Language(s).
ATTRIBUTES:
  • Analytical mindset with attention to detail.
  • Ability to work under pressure and meet deadlines.
  • Can use own initiative and be proactive.
  • Excellent written and verbal communication skills in English.
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