Job Advert Summary\u00a0\u00a0 \u00a0<\/p>\n
\tManage Opex reporting process, ensuring that all month-end journals are processed to correct GL accounts and cost center.
\n\tCommunicate Opex monthly results to cost center managers and attend to queries flowing from EVR discussion.
\n\tOverall Opex management \u2013 budget and forecast management for support areas.
\n\tBalance sheet management \u2013 managing the balance sheet process, ensuring all balance sheet accounts are reconciled, and reconciliation queries are followed up and cleared timeously.
\n\tProvide effective Balance Sheet risk management to ensure that write-offs that result in financial losses are prevented.
\n\tCollaborate with the broader finance community to set up Balance Sheet milestones and standard operating processes.
\n\tEffective provision process ensuring that debtors’ (receivables) loans are adequately provided for.
\n\tProvide input in setting up BEE targets for BU and monitor BEE targets.<\/p>\n
Key Responsibilities<\/p>\n
Opex Portfolio<\/p>\n
\tQuality of financial accounting records as well as quality and timing of monthly results, ensuring that meaningful commentary is provided on month-end results.
\n\tManage allocation of operational expenses from cost centers to profit centers.
\n\tMaintain opex allocation basis.
\n\tOwn and maintain opex allocation basis.
\n\tProvide strategic support to exco members in managing operational expenses, ensuring that cost savings initiatives are identified and planned savings are achieved.
\n\tTracking delivery of committed cost savings per cost center.
\n\tReport on acquisition and renewal unit cost per policy.
\n\tMaintain fixed asset register and provide feedback on the asset that needs to be capitalized or retired.
\n\tManage forecast and budget process for support areas, ensuring that Budget and forecast are completed within the agreed timelines. Communicate results of Opex expenses with cost center owners.
\n\tMaintain Delegation of Authority (DOA) and update all changes that occurred to ensure that payments are made on time.
\n\tManage inter-departmental expense recoveries and Opex allocation process and obtain approval from receiving and transferring cost center managers.
\n\tFollow up on EVR queries and resolve them before the end of the new reporting month.
\n\tSupport cost center owners with invoice allocations.
\n\tManage and track asset license usage between departments.
\n\tPO verification, ensuring that POs are created in the correct cost centers and GL code.
\n\tOwn IFRS17 opex allocation model and coordinate delivery with actuarial team.
\n\tMaintain IFRS17 driver tables in TM1.<\/p>\n
Balance Sheet Management<\/p>\n
\tMonitor and enforce adequate controls on Balance Sheet accounts for Life Solutions and communicate outcomes of Balance Sheet review to heads of finance departments.
\n\tEstablish Balance Sheet standard operating processes and consistently apply balance sheet controls across different finance teams.
\n\tAlignment of balance sheet accounts across performance cells, ensuring consistent use of GL balance sheet accounts.
\n\tEnsure consistent and effective provision for non-recoverable receivables is implemented promptly and that timely follow-up is done on outstanding recoverable.<\/p>\n
Reporting<\/p>\n
\tProduce accurate, timing, insightful consolidated reporting to Group and Life Solutions Exco \u2013 Income Statement, Balance Sheet and Cashflow reporting
\n\tCompile CAM Report
\n\tCredit committee pack consolidation
\n\tOwn compilation of performance dashboard<\/p>\n
Coordination<\/p>\n
\tCentral point for management of GIA findings\/interaction.
\n\tCentral point for management of External audit process and remediation of findings.
\n\tCentral point for management of RACMs\/IFC.
\n\tOwnership of accounting policies held withing the BU and liaison with Group-on-Group policies.<\/p>\n
Required Knowledge and Experience\u00a0\u00a0 \u00a0<\/p>\n
\tAdvanced financial reporting writing.
\n\tExperience in building relations with senior management and driving change management.
\n\tPC literate (Advanced MS Office, Great Plains & Power BI, an advantage).
\n\tTechnical Insurance accounting, financial and management accounting.
\n\tKnowledge of accounting packages, systems and controls including budgeting, understanding of Line of business systems and their integration into the accounting system.
\n\tFinancial and management accounting (IFRS 17)
\n\tKnowledge of regulatory and related insurance industry general information
\n\tKnowledge of systems and controls, budgeting, forecasting and variance analysis<\/p>\n
Educational Requirements\u00a0\u00a0 \u00a0<\/p>\n
\tCA qualification and minimum of three years leadership experience within Insurance.<\/p>\n
Deadline:27th August,2025<\/p>\n
go to method of application \u00bb<\/p>\n
Apply via company website ( http:\/\/www.hollard.co.za ) or<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"","_company_name":"Hollard Insurance","_company_website":"http:\/\/www.hollard.co.za","_company_tagline":"All right, all right - let\u2019s cut to the formalities. Here's the deal. At Hollard, we get up in the morning to ensure people sleep better at night. Our job is to look after the stuff our customers love. In fact, 5 million people already trust us with their stuff. That's pretty big deal... read more to us. http:\/\/www.hollard.co.za Impressum The Hollard Insurance Co. Ltd (Reg No 1952\/003004\/06) is an Authorised Financial Services Provider. Hollard Life Assurance Co. Ltd (Reg No 1993\/001405\/06) is an Authorised Financial Services Provider. Hollard Investment Managers Pty Ltd (Reg No 1997\/001696\/07) is an Authorised Financial Services Provider. Specialties Funeral insurance, Life insurance, Hospital Cash Back Plan insurance, Motor Xtender vehicle warranty insurance, Pay As You Drive usage-based car insurance, Motor and Household insurance, and Parnership philosophy - Flexible approach 22 Oxford Road, Parktown, Johannesburg","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[12],"class_list":["post-17303","job_listing","type-job_listing","status-expired","hentry","job_listing_region-gauteng","job-type-full-time"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/17303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=17303"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=17303"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=17303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}