Permanent
Junior Accountant (CPT)
Unknown, Unknown
unknown
Closing date not listed
About this role
Finance/Accounting - Other Finance/Accounting
Cape Town
FULL TIME
Job Summary
Junior Accountant (CPT)
Finance/Admin
Cape Town - Western Cape - South Africa
ENVIRONMENT:
AN energetic & self-driven Junior Accountant is wanted to join the Finance team of a reputable Financial Services provider. You will help maintain accurate financial records, assist with month-end and year-end processes, and ensure compliance with IFRS and insurance regulatory requirements. This role is critical in supporting the preparation of financial reports for a funeral insurance business, ensuring accuracy and timeliness. Applicants must have Grade 12/Matric, a BCom Accounting or equivalent qualification, 1-2 years post-articles experience in Financial Services with completed SAICA/SAIPA Articles (signed off). You also need a strong understanding of IFRS and basic insurance accounting principles and have proficiency in accounting software (e.g., Sage X3, Pastel) and MS Excel (pivot tables, lookups, basic dashboards).
DUTIES:
Core Accounting Duties -
* Post and maintain accurate journal entries in the General Ledger.
* Assist in reconciling bank accounts, policyholder accounts, and suspense accounts.
* Prepare supporting schedules for financial statements.
* Assist in the preparation of management accounts and statutory reports.
Regulatory & Compliance -
* Support the preparation of VAT, tax returns, and regulatory submissions (e.g., FSCA, SARS).
* Ensure compliance with IFRS and insurance-specific accounting standards.
Insurance-Specific Duties -
* Assist with premium income reconciliations and claims expense analysis.
* Assist with preparing working papers for IFRS 17 reporting.
Analytical Reporting -
* Prepare variance analysis reports comparing actual vs. budget and prior periods.
* Assist in producing profitability and claims ratio reports for management.
* Support the development of dashboards and trend analysis for decision-making.
* Provide insights on expense drivers and revenue performance for funeral insurance products.
Audit Support -
* Compile audit packs and respond to Auditor queries under supervision.
Premium Administration Duties:
Premium Allocation -
* Downloading of payments/rejections files from various platforms.
* Upload to ELIMS.
Cut-Off Dates -
* Ensure SASSA collections dates have been submitted in time to ensure successful collection percentage is reached and maintained as required.
Handle Queries -
* Amendment processes where system fails.
* E-mails/Calls received from various departments and branches and collection companies.
* Communicate with Stratcol, Qlink and other outsourced partners.
* Recon of transactions from Qlink and Stratcol and ensure they are on ELIMS premium file and rejections extracts.
Reports -
* Various result reports received from collection companies to be investigated.
REQUIREMENTS:
Qualifications
* Grade 12 or similar qualification is essential.
* BCom Accounting or equivalent qualification.
Experience/Skills -
* 1-2 Years post-articles experience in Financial Services (Insurance experience advantageous).
* Knowledge of turnover VAT and specific calculations.
* Completed SAICA/SAIPA Articles (signed off).
* Exposure to IFRS16 & 17 preferable.
* Experience with MS Office, Excel, Word and Outlook are required.
* Strong understanding of IFRS and basic insurance accounting principles.
* Proficiency in accounting software (e.g., Sage X3, Pastel) and MS Excel (pivot tables, lookups, basic dashboards).
Advantageous
* Exposure to Sage X3.
* Additional Language(s).
ATTRIBUTES:
* Analytical mindset with attention to detail.
* Ability to work under pressure and meet deadlines.
* Can use own initiative and be proactive.
* Excellent written and verbal communication skills in English.
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Datafin
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