Website Bryte Insurance Company Limited
Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. … read moreOur short-term insurance risk management solutions are developed from deep sector knowledge, a future-fit focus and our commitment to service excellence. The Bryte Insurance Company brand may be new, but it retains the benefit of the incumbent infrastructure, products and management team. We are proud of what has been accomplished by this team in recent years and look forward to building further on our strong foundation of an established, successful insurance heritage and an invested partnership model. Bryte Insurance Company Limited’s operations in South Africa and Botswana are recent additions to the Fairfax Financial Holdings portfolio. Fairfax is a company based in Toronto, Canada and through its subsidiaries, is engaged in property and casualty insurance, and reinsurance and investment management. Bryte Insurance Company Limited approaches customer risk with purpose, proactively working with brokers and clients to enable better risk decisions. 15 Marshall Street Ferreirasdorp Johannesburg 2001 South Africa
Key Task & Accountabilities
Functional Management
This role reports into the CFO and its responsibilities span across all legal entities within the Group.
Management of the monthly IFRS-based reporting process and preparation of the annual financial statements for all entities; support subsidiary company financial accounting processes.
Effectively manage the quarterly shareholder and Board reporting requirements, including input to the President’s report.
Responsible for managing and coordinating the external auditing process for annual financial statements and other relevant processes.
Manage financial systems, general ledger process and internal controls, to ensure the integrity of the financial reporting system.
Ensure timeous and accurate delivery of statutory and regulatory reporting, including solvency reporting on a SAM basis.
Perform analytical reviews of IFRS and regulatory results and determine reasons for variances.
Ensure a clean audit report in relation to all regulatory and statutory reporting.
Identify opportunities to enhance capital management and solvency.
Identify contravention of compliance and implement controls to ensure all compliance requirements are continuously met.
Ensure best practice solutions for the company are implemented through researching markets and understanding changes in legislation.
Network through memberships of various, appropriate associations.
Effectively manage investment accounting and reporting activities; ensure that investment transactions are recorded in the accounting system on a timely basis and in line with IFRS and the Group reporting requirements.
Prepare and submit investment reports for Board review and shareholder submission.
Management of investment processes and operations while maintaining compliance with legislative requirements.
Calculation of Tax and management of direct and indirect Tax submissions.
Leading teams of people in line with the Bryte guiding principles and culture, whilst coaching and mentoring individuals within a results-oriented environment. Act as an ambassador for the culture and desired behaviours.
Stakeholder Management
Stakeholders include
The Board
Statutory Bodies
EXCO
External Auditor
Fairfax Group
Leadership Accountabilities
Lead a diverse and independent functional team, setting objectives, reviewing performance and participating in selection / promotion decisions to ensure that employees have the necessary skills and understanding to deliver the team’s objectives.
Model behaviours that demonstrate commitment to Bryte’s guiding principles.
Lead a high-performing team and complete performance management cycle for direct reports.
Create people management plan to ensure human capability is in place as part of business planning process.
Take action to manage own personal development and encourage others to do the same.
Education & Experience
CA(SA)
8 or more years’ experience in relevant field
5 years minimum leadership experience
Exposure to insurance (life, general and reinsurance)
Exposure to Investment accounting and management
Sound knowledge of IFRS, including Insurance Accounting standards
Knowledge of the Insurance Act, including solvency requirements
Knowledge of SAM solvency legislation and reporting requirements
Apply via company website ( http://www.brytesa.com ) or
brytesa.mcidirecthire.com