Job Description
About the Role
A prominent insurance underwriting manager in South Africa is seeking a skilled Full Time Accountant to join their finance team in Roodepoort, Johannesburg. This role offers a unique chance to contribute to the financial accuracy of a dynamic organization operating at the forefront of the insurance sector.
Key Responsibilities
- Perform detailed reconciliations of premium debtor accounts, focusing on backlog clearance across SSA clients.
- Investigate discrepancies between premiums charged, commissions paid, and cash received, liaising with brokers for clarity.
- Extract and process reports from the insurance platform into Excel for accurate reconciliations.
- Recommend and document correcting journal entries or system adjustments with clear audit trails.
- Analyze the claims management workflow to ensure robust controls and compliance with SSA insurance regulations.
- Test claims transactions to verify validity, authorization, and supporting documentation.
- Identify gaps in the claims control environment and propose process improvements for audit readiness.
- Ensure claims payments align accurately with premiums, recoveries, and commissions in financial records.
- Maintain detailed documentation of reconciliation processes, findings, and adjustments for transparency.
- Prepare periodic progress reports for the Financial Manager and Financial Director, highlighting reconciled balances and unresolved items.
- Support the finance team with additional debtor/creditor reconciliations as needed.
- Provide actionable recommendations to streamline debtor reconciliation and claims processes.
- Document standardized procedures to prevent future backlogs and enhance efficiency.
- Contribute to audit preparation by ensuring all financial records are accurate and compliant.
Requirements
- Diploma or degree in Accounting, Finance, or a related field (required).
- 25 years in debtors reconciliations, preferably in insurance, underwriting, or financial services.
- Familiarity with insurance premium flows (premiums, commissions, underwriter settlements) is a plus.
Qualifications
No qualifications mentioned.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Insurance Jobs in Gauteng
The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.
Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.
Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.
The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.
For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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