ACCOUNTANT

Location
Trinidad and Tobago (TT)
Salary
NOT DISCLOSED
Posted
26 Mar 2021
Closes
26 Apr 2021
Approved employers
Approved employer
Job role
Accountant
Contract type
Permanent
Hours
Full time

ACCOUNTANT

 FINANCE DEPARTMENT

 REPORTS TO THE VICE PRESIDENT - FINANCE

GUARDIAN GENERAL INSURANCE LIMITED, NEWTOWN

JOB OBJECTIVE:

The Accountant is responsible for preparing, reviewing and analyzing financial reports for the company. The Accountant must have in-depth knowledge of bookkeeping, auditing, budgeting procedures and also have the   ability to monitor daily transactions and recommend ways to improve the processes and procedures.

MAJOR RESPONSIBILITIES:

  1. Prepare Annual Shareholder Reports for the Group and Parent company in accordance with IFRS
  2. Responsible for the internal and external audit process to meet stipulated due dates.
    • Preparation of IFRS financial statements;
    • Updating IFRS financial statements with applicable new IFRS requirements / amendments;
    • Preparation of audit lead schedules;
    • Addressing requests and queries from auditors;
    • Follow up & clearance of any items on management letter / review points;
    • Follow up with auditors for signed financial statements.
  3. Responsible for the accurate computation of company annual and quarterly taxes, remittance of any taxes due and filing of return by deadline date.
    • Submit tax schedules to PwC (if applicable) and addressing queries raised;
    • Review and sign off tax computation and return provided by PwC;
    •  Liaising with Manager on tax treatment of unusual transactions
  4. Review and prepare the balance sheet, profit and loss statement.
  5. Reinsurance
  • To review the reinsurance statements and reconciliations
  • To develop a working understanding of reinsurance arrangements and the role of Finance in the process.
  1. Bank Reconciliations
  • Review/ prepare assigned bank reconciliations within the stipulated deadlines.
  • Ensure reconciling items are cleared within recommended deadlines.
  1. New Accounting Standards
  • To provide support to management in the implementation of new accounting
  • To guide the accounting team by coordinating activates and answering questions on accounting policies, procedures and regulations.
  1. Individual company examples could include:
    • Preparation of periodic financial statement and expense variance reports that completely explain all material variances or unusual transactions for the comparable time periods (budget / prior periods).
    • Preparing budget and forecasts (management & template format): Liaising with subsidiaries and departments for budget/forecast income and expenses information; Liaising with the group that require budget assumptions not included in approved budget assumptions document; Documenting all assumptions used; Investigating any variances and providing management with clear explanations on any queries raised; Uploading budgets into Oracle.
    Group-level examples could include:
    • Preparation of assigned Forecast and Budget Sub-group consolidations: Review of subsidiaries template to ensure all notes are completed, checks are nil, brought forward balances are correct; Elimination of intergroup balances and investigating and clearing any differences; Prepare/process consolidation entries.
    • Investing expense variances, reviewing and producing cost reports,
    • Analytical reviews on the group’s results to determine the reasonability of the financial statements.
    To perform any other job-related duties as assigned by the VP Finance.

           EDUCATION:

  • Bachelor Degree in Accounting  and or ACCA level 2 (minimum)

KNOWLEDGE AND EXPERIENCE:

  • At least five (5) years in Accountant in Property and Casualty
  • At least five (5) years in Accounting and Financial procedures
  • Understanding of IFRS

KEY COMPETENCIES:

  • Work Ethic
  • Quality
  • Growth
  • Serving People
  • Planning/Organizing/Flexibility
  • Initiative
  • Team Orientation
  • Problem Solving/Analytical Skills
  • Decision Making & Risk Taking
  • Interpersonal/Communication Skills

PERSONALITY:

The Accountant must be meticulous, systematic, and logical. Excellent analytical and problem solving skills, detail oriented and communication skills is required. The Accountant must demonstrate a high level of integrity and confidentiality, while managing time and resources efficiently.