Job Description
About the Role
We are seeking a highly skilled Financial Accountant to join our team in Durban, with 4 to 6 years of experience in commercial insurance. The successful candidate will be responsible for preparing financial reports for assigned business units and ensuring compliance with Group reporting timelines.
Key Responsibilities
- Process accounting entries and prepare monthly management accounts in compliance with Group reporting timelines.
- Prepare monthly petty cash, bank and GL reconciliations.
- Prepare commentary on the financial results to provide insights to Management.
- Reconcile intercompany balances and prepare related confirmations.
- Compile supporting documentation and schedules required for external and internal audits.
- Support the implementation of internal controls, report financial discrepancies and errors.
- Assist in the implementation of the ERP system.
Requirements
- Minimum of 4 to 6 years experience in a similar role.
- Experience in Insurance or Financial services is key.
- Thorough understanding of IFRS, VAT and Income Tax.
- Strong analytical skills.
- Must be able to work independently and with minimal supervision.
- MS Office with solid Excel skills (intermediate).
Qualifications
- B. Com Accounting or related qualification
- Completed Articles
Salary & Benefits
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How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Kwazulu-Natal
In Kwazulu-Natal, South Africa, the finance and accounting profession is a vital component of various industries, contributing to the country’s economic growth and stability. Typically, job seekers in this field can expect to find opportunities across a range of sectors, including financial services, technology, manufacturing, and more.
Generally speaking, salaries for finance and accounting professionals in Kwazulu-Natal vary widely depending on factors such as level of experience, company size, industry sector, and specific role requirements. Typically, junior positions in this field may command salary ranges between R400 000 to R700 000 per annum, while senior roles can fetch salaries between R1 million to R3 million per annum or more. However, it’s essential to note that these are broad estimates and actual salaries can vary significantly based on individual circumstances.
Common skills for finance and accounting professionals in Kwazulu-Natal include proficiency in financial software such as SAP, Oracle, or Microsoft Dynamics, as well as strong analytical and problem-solving skills. Typically, candidates with a degree in finance, accounting, or related fields, as well as certifications like the CFA or CA (South Africa) designation, are highly sought after. Other essential skills often include excellent communication and leadership abilities, as well as the capacity to adapt to changing business environments.
Various industries commonly employ finance and accounting professionals, including the financial services sector, technology industry, manufacturing sector, and more. The financial services sector is particularly prominent in Kwazulu-Natal, with many banks, insurance companies, and other financial institutions operating in the province. Technology companies are also increasingly looking for skilled finance professionals to manage their finances and operations.
Career development opportunities for finance and accounting professionals in Kwazulu-Natal are numerous. Typically, senior roles may involve managing teams of junior accountants or financial analysts, while more experienced professionals can move into leadership positions such as Chief Financial Officer (CFO) or Director of Finance. Others may choose to specialize in areas like forensic accounting, tax consulting, or risk management, offering a range of career progression paths and opportunities for advancement.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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