Discovery Limited
Role Description
Consolidations expert responsible for importing, reconciling, mapping, and maintaining consolidation tool, as well as ensuring all statutory, regulatory and management reports are recorded accurately and within the required deadlines and formats prescribed by group finance and regulations. Automating all returns within the Discovery Life space to ensure that one correct source of information is used to compile and report information.
Key Outputs / Job Responsibilities
Maintenance of consolidation tool for tax and IFRS reporting, which includes importing of most recent trial balances, investigating and resolving differences that may arise
Adding manual journals into consolidation tool which do not form part of group reporting but are required for subsidiary reporting.
Completion of all group finance requests on consolidation tool which includes Life KPIs, and various note disclosures.
Liaise and manage relationships with internal departments, including Central Finance, Actuarial department, marketing and systems
Identify, monitor and communicate key performance metrics on the tool
Assist with conversion of all other regulatory and management reports on consolidation tool
Automate any manual AFS preparation processes using formulas
Prepare dashboards which management can use for quick review
Preparation of actuarial schedules including consolidation balance sheet at account level, asset matching, expense classification into IFRS 17 categories as defined by the expense policy
Maintenance and reconciliation of Magic Orange system which is an expense attribution tool
Enhancing existing procedures & processes
Job / Role Requirements
Work Experience
Required
Working experience post-articles
Preferred (would be advantageous)
Experience with using the One-stream reporting tool. Experience with consolidation systems/reporting tools
Having worked on group consolidations as an auditor or accountant in a financial services company
Education / Qualifications / Accreditations with Professional Body
Education / Qualifications Required
Newly qualified CA(SA)
Technical Skills or Knowledge
Required
Basic insurance accounting,
Computer Literacy
Excel
Preferred (would be advantageous)
Coding
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