Client Accountant

4 weeks ago


Johannesburg, South Africa Network Recruitment Full time
Our client is a dynamic insurance entity specializing in Corporate Risk Finance, Alternative Distribution, and Underwriting Management Agencies. As a youthful and forward-thinking organization, it holds licenses for both non-life and life cell captives. They empower their business collaborators and insurance clientele to actively engage in the risks and advantages inherent to their unique insurance endeavors.

Qualification and Experience:
  • Bcom
  • Insurance accounting experience is non-negotiable

Duties:
  • Process underwriting results per client onto the general ledger including premium, reinsurance premium, claims, recoveries, commissions and fees.
  • Process reserves per client onto the general ledger i.e. outstanding claims, Incurred But Not Reported ("IBNR"), unearned premium reserve as well as corresponding reinsurance portions.
  • Process income tax per client onto the general ledger.
  • Process cashbook transactions and any other required journal entries per client onto the general ledger.
  • Prepare Balance Sheet reconciliations per client.
  • Prepare client financial statements and client policy statements and any other financial reports as required.
  • Collection of premium and reinsurance debtors.
  • Pay reinsurers and submit reinsurance bordereaux.
  • Pay administrators and other creditors associated with the client portfolio.
  • Respond to client queries and attend client meetings when required.

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