Job Description
About the Role
A leading insurance company is seeking a Junior Management Accountant to join their team in Johannesburg, requiring a skilled and detail-oriented individual to process financial transactions, reconcile accounts, and drive the financial reporting process.
Key Responsibilities
- Process LOB automated journals to the General Ledger by working day 2nd of the month (T+2) of accounting reporting
- Process cashbook journals to the General Ledger
- Check and confirm correct GL accounts mapping on FTI file for automated cashbooks on a weekly basis
- Log Jira calls for errors picked in the journal process and from LOB Policy reports
- Prepare and process manual monthly journals to General Ledger by T+3 of accounting reporting, including Fees, Outstanding Claims (OCR), Premium Advance Journals
- Prepare balance sheet reconciliations for Premium debtors, premium advance, Internal payment, Suspense account, and Outstanding claims recon
- Test for fixes applied by IT on LOB transactions
- Reconcile CBR report to LOB policy level report
- Release payments on the Banking system
- Monitor payments on the Banking system
- Attend to queries and Adhoc requests
Requirements
- BCom Accounting or similar (Majoring in Accounting)
- Experience working within Finance Operations and Insurance
- Experience with Policy Accounting
- Experience dealing with Policy accounts mapping & Reconciliation process
- Ability to work with different work streams and drive the financial reporting process
- Proficient in MS Office (Advanced is preferable)
- Knowledge of advanced Excel formulas
- Knowledge of functioning of policy administration process
Qualifications
No formal education or certifications are required for this role.
Salary & Benefits
Salary information is not provided.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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