Graduate Intern: Short-term Insurance Finance
1 month ago
**Job Advert Summary**:
**Minimum Requirements**:
**Education**:
- Matric
- B. Com Accountancy degree.
**Knowledge and Skills**:
- Above average technical knowledge of IFRS
- MIP experience and Great Plains experience will be an added advantage
- Knowledge of consolidations
- Proven track record of being involved in the preparation and/or audit of Annual Financial Statements
- Strong written and verbal communication, presentation, client service and technical writing skills
**Competencies**:
- Attention to detail and high level of accuracy
- Ability to work independently
- Accountability and responsibility for accuracy of work
- Take initiative, be proactive, performance and results driven
- Diligence and numeracy ability
- Analytical
- Time management and organizational skills
- Ability to meet deadlines and resilient
- Passionate, ambitious and energetic
- Collaborative and cooperative
**Duties and Responsibilities**:
**Preparing the month-end journal entries generated from the policy administration system and related general ledger reconciliations including**:
- Creditors, Accruals and ProvisionsCommission
- Premiums
- Claims
- Fixed assets
- Rental expense and Regulatory payments
Processing cash deposits, payments and adjustments on the general ledger system. Act as liaison with the Bank.
Processing commission payments, commission statements and commission queries
Process general ledger adjustments as per request from other operational departments and investigating any related issues
Ensuring successful month end run
Preparation of collection file for review
Quarterly preparation of Reinsuarance accounts
Weekly updating of Premium debtor listing
Assist with annual budget preparation
**Reporting requirements**:
- Prepare Key Performance Indicators, the summary and related annexures for the financial performance and financial position for reporting to Group Finance.
- Provide support to the Actuarial Department in preparing the Financial Accounting section of the Solvency Assessment and
- Management (SAM) Reports on a quarterly basis.
- Provide support to the Actuarial Deportment when preparing the Conduct of Business Return.
- Preparation of Annexure for Group submission.
- Assist with year-end reporting.
**Incentive Calculation**:
- Calculate incentive commission payable to PPS sales staff.
**Finance Team**:
- Provide support to the Finance Team members where necessary.
**Automation of Finance environment**:
- Assist with various projects including automation projects where applicable
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