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. Apply for this Job Datafin Recruiter