Experience and Qualification:
- Matric/Grade 12
- B Com degree or equivalent essential
- Has at least 3 to 5 years’ experience in financial management and/or an accountant role
- Sound computer literacy knowledge (MS excel and word) is essential
- Knowledge of ACCPAC and Oracle would be advantageous
- Experience in the medical scheme industry would be advantageous
Responsibilities and work output:
- Accurately generating, sorting and analyzing of financial reports in order to prepare the monthly management accounts.
- Ensuring the monthly management accounts are completed timeously and submitted to the Financial Manager for review. Monthly reporting to the Scheme office is done by the 14th of each month.
- Monthly management accounts are prepared at an individual policy level and combined together to reflect the Scheme’s overall performance. Therefore, being able to accurately roll up multiple financial statements into a combined financial statement will be a requirement.
- Analyzing and reviewing the financial information/trial balance prepared by the Assistant Management Accountant and ensuring this is accurately reflected in the management accounts.
- Accurate preparation, capturing of quarterly and annual regulatory reporting submissions for the Council for Medical Schemes.
- Ensuring monthly reporting to the Council for Medical Schemes is done in compliance with the submission deadlines.
- Liaison with the Scheme’s assets managers to obtain quarterly reports in preparation for the quarterly submissions to the Council.
- Obtaining reports from the Scheme’s third-party suppliers, analyzing and posting necessary journal entries.
- Review of monthly general ledger account reconciliations with formal feedback to the Financial Manager.
- Liaison with the actuaries to obtain annual budget figures, monthly claims provision, monthly demographics and posting the necessary adjustment entries.
- Calculating and processing additional monthly reporting journal entries.
- Ensuring all necessary Schemes’ meeting fees are paid timeously and maintaining an updated schedule.
- Timeously handling and resolving ad hoc requests from the Financial Manager.
- Updating and maintaining Scheme’s reporting schedules on a monthly basis.
- Assist with the monitoring of the Scheme’s daily operational cash management.
- Accurately prepare and provide information for the external and internal audit and provide assistance during the audit period.
- Attend to daily adhoc requests.
- Proactively following up on outstanding reporting information and providing feedback to the Financial Manager.
- Provide support to the Scheme’s Assistant Accountant.
- Ensuring all Scheme’s agreements and documents are filed timeously.
- Proactively follow up on queries raised by the Financial Manager and timeously provide feedback.
Competencies:
- A self-starter
- Highly self-motivated and self-management
- Highly proactive
- Strong analytical ability
- High attention to detail
- Drive a sense of urgency, focus, accountability, agility and execution to deliver best results.
- Ability to be quickly assimilated into a new environment
- Anticipates, meets and exceeds client’s needs by creating long lasting relationships that support the client value proposition, supports their financial wellness and ensures client centricity
- Good verbal and communication skills
- Ability to demonstrate sound accounting knowledge and application
- Ability to work under tight deadlines and pressure