Accountant - Insurance
Bair Recruitment Group
Johannesburg, South Africa
4d ago
source : Job Placements

POSITION FOR AN INSURANCE ACCOUNTANT

Competencies, Knowledge and Skills

Accounting degree or similar.

• Work experience in an equivalent accounting role.

• Insurance industry experience.

• Work references.

• Ability to work in a team.

• Energetic and resilient.

• Good communication and interpersonal skills.

• Good understanding and ability to apply knowledge of accounting, income tax and Value Added Tax (“VAT†).

• VAT with insurance accounting being an advantage.

• Key responsibilities

• Process underwriting results per client onto the general ledger including premium, reinsurance premium, claims, recoveries, commissions and fees.

• Process reserves per client onto the general ledger i.e. outstanding claims, Incurred But Not Reported (“IBNR†), unearned premium reserve as well as corresponding reinsurance portions.

• Process income tax per client onto the general ledger.

• Process cashbook transactions and any other required journal entries per client onto the general ledger.

• Prepare Balance Sheet reconciliations per client.

• Prepare client financial statements and client policy statements and any other financial reports as required.

• Collection of premium and reinsurance debtors.

• Pay reinsurers and submit reinsurance bordereaux.

• Pay administrators and other creditors associated with the client portfolio.

• Respond to client queries and attend client meetings when required.

• Gathering and handling of information.

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