REPORTS TO THE VICE PRESIDENT - FINANCE
GUARDIAN GENERAL INSURANCE LIMITED, NEWTOWN
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.
- Prepare Annual Shareholder Reports for the Group and Parent company in accordance with IFRS
- 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.
- 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
- Review and prepare the balance sheet, profit and loss statement.
- To review the reinsurance statements and reconciliations
- To develop a working understanding of reinsurance arrangements and the role of Finance in the process.
- Bank Reconciliations
- Review/ prepare assigned bank reconciliations within the stipulated deadlines.
- Ensure reconciling items are cleared within recommended deadlines.
- 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.
- 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.
- 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.
- 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
- Work Ethic
- Serving People
- Team Orientation
- Problem Solving/Analytical Skills
- Decision Making & Risk Taking
- Interpersonal/Communication Skills
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.