Insurance Accountant Full Time Permanent

Insurance Accountant – Pretoria

An Insurance Accountant / Broker Finance Accountant position is available in Pretoria, Gauteng, South Africa.

My client in Pretoria must be one of the most exciting companies to work for in the city!

They are currently looking for someone with short term insurance industry experience within the finance field.

This person must have a good understanding of insurance accounting in order to do what is needed in this role.

Responsibilities – Insurance Accountant:

Insurance system accounting:

• Allocation of cash premium
  • Have knowledge regarding the allocation of cash funds to policies and the implication of Gross vs Net allocations
• Debit order collections
  • Have knowledge regarding the process of debit order collections for Insurance companies and general knowledge regarding reconciliation of debit order files to bank collection confirmations
• Claim payments & allocations of Recovered funds
  • Have knowledge regarding the process of claim payments for Insurance companies and general knowledge regarding the allocation of funds recovered from Third parties to said claims.
• Premium refunds
  • Have knowledge regarding the process of refunding premium to clients
• Broker commission statements and payments
  • Must have knowledge regarding the process of broker commission and binder fee payments and the reconciliation of said payments back to policy level.

Insurance accounting:

• System premium to bank reconciliation with cash book capturing
  • Have a good understanding of how premium is raised, collected, and distributed to facilitate the reconciliation of system transactions to the bank statement.
• System claims to bank reconciliation with cash book capturing
  • Have a good understanding of how claims are estimated, paid, and recovered to facilitate the reconciliation of the system claims transactions to the bank statement and outstanding claims estimates.
• Journal processing for premium and claims

Niche skills:

• Facultative business placement accounting
  • Knowledge regarding the facultative placement of policies and the accounting thereof would be a great advantage
• Reinsurance accounting
  • Knowledge regarding the workings of Reinsurance accounting would be a great advantage.

General accounting:

• Expense processing & analysis
• Reporting
• Balance sheet reconciliations

If you meet most of the requirements in this job spec I would love to hear from you!

The client is based in Pretoria and currently has a hybrid model where they go into the office twice a week and work from home for the other three.

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