1.DESCRIPTION OF POSITION:
To take full control of the financial accounting function of the Verso Group of Companies. You will report to the Group Financial Director. This is the ideal role for a pragmatic, proactive (self-starter), accurate, meticulous and energetic Group Financial Accountant with superior technical ability gained in the Financial Services industry.
2.KEY PERFORMANCE AREAS:
a) Financial accounting functions, including but not limited to -
• Work closely with management to assist with the development of the annual budget to maintain accurate and timely submission of strategic plans.
• Responsible for the effective preparation, maintenance, and reporting of internal and external financial records and business analyses, including monthly management accounts reporting -
To collect, process and record financial information to support management with accurate financial information to assist in their decision-making processes and to contribute to the correct reporting of financial information in an acceptable format;
To populate and/or review journals, perform and/or review accounts receivable/accounts payable/general ledger accounts/reconciliations and liaise with all relevant stakeholders to ensure accurate and complete accounting records from source documentation through to Financial Statements;
To review monthly invoicing to ensure completeness and accuracy of fee income and allocation of commission income;
To calculate and journal the monthly reconciliation of all commission received per consultant/planner and, where applicable, per client;
To reconcile quarterly administration and consulting income to administration system calculations;
To manage the month-end process by processing all necessary journals (including but not limited to – Payroll, VAT, audit journals, prepayments etc.) in a timeous manner;
To support the finance department through liaising with other departments, divisions and companies within the group to ensure the accuracy of financial information and intercompany charges;
Monthly Payroll - providing information to the parties involved (Medical Aid, Group Life, Paymaster etc), reviewing of the payroll reports, reconciliations of GL accounts to reports;
Monthly review of fixed assets allocated (acquired, disposed of) and managing the fixed assets audit.
This position will include processing on Accpac.
b) Treasury functions, including but not limited to –
• Cash flow analysis and forecasts,
• Managing all cashbooks, all call/fixed deposits with 3 different banks for all companies within the group,
• Maintain relationships with major banks to ensure excellent service delivery as well as to identify new financial products that could assist the business in terms of risk management and profitability,
• Management of intercompany funding, including compiling intercompany loan agreements and performing Solvency & Liquidity tests when financial support is provided,
• Monitor access controls (online banking) and signatory requirements for bank accounts across the group.
c) Taxation functions for the group, including but not limited to –
• Review, file and pay corporate tax returns,
• Estimate provisional tax and file and pay provisional tax returns,
• Respond to direct and indirect tax queries from SARS,
• Calculation and completion of monthly VAT returns and review of Statement of Account,
• Monthly EMP returns and review of Statement of Account,
• Dividends Tax returns completion as and when required,
• Assist in tax planning structures.
d) To ensure that, across the group of companies, the financial systems, controls, policies and procedures are sound and conform with IFRS, King IV, relevant legislative requirements i.e. Companies Act, Income Tax Act, FSB/FAIS and Board requirements, including -
• To update standard office manuals/procedures relating to their accounting functions to assist with transparency and succession.
e) Ensuring that audits and reports are undertaken as necessary and conform as they should to regulatory and statutory bodies requirements. Act as main liaison with External Auditors and manage the annual financial statements for the Verso Group of Companies.
f) Compiling the financial groundwork on special projects and new businesses.
g) Managing of company secretarial duties, including compiling resolutions in line with relative legislation, including –
• CIPC requirements such as Annual Returns – processing on CIPC and allocate payment.
h) Compliance functions including regulatory reports regarding financial soundness.
i) Managing the financial department (staff) and the day to day financial function of the Verso Group of Companies, including daily review of financial accounting, investigating complex financial accounting, authorization of all payments, monthly payroll review and sign off, etc.
j) Other ad hoc duties assigned by the Group Financial Director
3. QUALIFICATIONS:
- SAIPA with three years senior financial accounting experience (post articles) with medium to large company exposure.
4. SKILLS REQUIRED:
- Sound knowledge of Accounting Standards and Practices.
- Strong business strategy skills and a good communicator (writing & speaking).
- Commitment to work hard towards goals with enthusiasm and motivation.
- Strong problem-solving skills, combined with specialist knowledge.
- High degree of creativity and innovation, action-orientation, proactive and strategic awareness.
- Organised and assertive.
- Articulate presentation and professionalism.
- Client service orientated.
- Attention to detail/accuracy.
- Must be able to work independently and under pressure.
- Strong work ethic.
- Proven staff management record.
5. TECHNOLOGY:
- Extensive practical experience on Microsoft Office suite (Outlook, Word, Excel (Advanced), PowerPoint),
- SAGE 300 ERP (Accpac) (intermediate)
6. WORKING EXPERIENCE:
6+ years relevant accounting experience with companies; & Contactable references. Advantageous: experience in managing a small team.
7. REMUNERATION:
A market related salary and other benefits are offered.
9.TO APPLY:
Those that meet the above-mentioned requirements, and/or have other proven relevant skills or qualifications, should submit a detailed CV for the attention of Ms. K Smit to e-mail [email protected] by no later than 17 June 2022.
In submitting your information to Verso, you hereby allow us to collect your personal information and process it for the purpose of recruiting for this position.
Should you not receive a response from us by 30 June 2022, accept that your application was unsuccessful.
Please note that the Verso Group may delete or expire jobs at any time.
1.DESCRIPTION OF POSITION:
An exciting opportunity exists for a Portfolio Manager to effectively manage the team regarding administration and associated tasks.
2.KEY PERFORMANCE AREAS:
- Supervise the team, including the member support services function to ensure adherence to service standards.
- Monitor and control the month-end processing and all associated processes, including the application of S13A and Regulation 33
- Checking and authorising benefit claims
- System administrator functions, including prices and rates
- Preparation of reports, including administration reports, exception reports, outstanding claims report month-end status report and S13A report
- Perform reconciliations and asset and liability matching reports
- Checking and authorising housing Loans
- Evaluate and analyse processes for improvement
- EMP201 submissions and payment and bi-annual submissions
- Manage S14’sand recognition of transfers
- Manage and check MIC, Lifestage or Employer Mandate Switches
- Data preparation for Audit and valuation preps
- Manage the preparation and issuing of annual benefit statements
- Manage the team’s archiving, filing and general desk areas
3. QUALIFICATIONS:
- Matric with strong accounting and mathematical abilities;
- BA/ Diploma or equivalent will be an advantage; and
- Employee Benefit experience is essential.
4. SKILLS REQUIRED:
- Sound knowledge of Accounting Standards and Practices;
- Good communicator (writing & speaking);
- Commitment to work hard towards goals with enthusiasm and motivation;
- Strong problem solving skills, combined with specialist knowledge;
- High degree of creativity and innovation;
- Attention to detail/accuracy;
5. TECHNOLOGY:
- Sound knowledge of Accounting Standards and Practices;
- Good communicator (writing & speaking);
- Commitment to work hard towards goals with enthusiasm and motivation;
- Strong problem solving skills, combined with specialist knowledge;
- High degree of creativity and innovation;
- Attention to detail/accuracy;
6. WORKING EXPERIENCE:
Previous administration experience (employee benefits industry will be an advantage). Contactable references.
7. REMUNERATION:
A market related salary and other benefits are offered.
9.TO APPLY:
Those that meet the above-mentioned requirements, and/or have other proven relevant skills or qualifications, should submit a detailed CV for the attention of Ms. K Smit to e-mail [email protected] by no later than 17 June 2022.
In submitting your information to Verso, you hereby allow us to collect your personal information and process it for the purpose of recruiting for this position.
Should you not receive a response from us by 30 June 2022, accept that your application was unsuccessful.
Please note that the Verso Group may delete or expire jobs at any time.
1.DESCRIPTION OF POSITION:
An exciting opportunity exists to do the administration of monthly contributions and associated tasks.
2.KEY PERFORMANCE AREAS:
Main activity: Identifying/ receiving monthly contributions Performing monthly reconciliations Processing monthly contributions Processing benefit claim payments Updating member data Resolution of member queries Preparing investment documents Apply Section 13A protocols
Supporting activity Processing Section 14 transfers-in Processing individual transfers-in Assisting with the production of management / trustee reports Assisting with the preparation of benefit statement documents & checking samples Assisting with the audit preparations. Loading daily prices and monthly returns Asset / Liability Matching Processing investment mandate switches Fund maintenance 3. QUALIFICATIONS:
Matric with strong accounting and mathematical abilities; and BA/ Diploma or equivalent will be an advantage.
4. SKILLS REQUIRED:
Good verbal and written communication skills in english & afrikaans. Understanding of accounting principles. Articulate presentation and professionalism. Organised and good time management skills. Client service orientated. Attention to detail/accuracy. Positive attitude and open to change. Proactive – uses initiative (Self-starter - able to self-motivate). Must be able to work independently and under pressure. Strong work ethic
5. TECHNOLOGY:
Practical experience on Microsoft office (outlook, word, excel); Strong knowledge of administration principles; and A good understanding of the Employee Benefits industry will be beneficial.
6. WORKING EXPERIENCE:
Previous administration experience (employee benefits industry will be an advantage). Contactable references.
7. REMUNERATION:
A market related salary and other benefits are offered.
8.TO APPLY:
Those that meet the above-mentioned requirements, and/or have other proven relevant skills or qualifications, should submit a detailed CV for the attention of Ms. K Smit to e-mail [email protected] by no later than 17 June 2022.
In submitting your information to Verso, you hereby allow us to collect your personal information and process it for the purpose of recruiting for this position.
Should you not receive a response from us by 30 June 2022, accept that your application was unsuccessful.
Please note that the Verso Group may delete or expire jobs at any time.
1.DESCRIPTION OF POSITION:
An opportunity exists to express your passion for exceptional service in the provision of pension fund accounting administration.
2.KEY PERFORMANCE AREAS:
- Daily processing of receipts and payments through the accounting system.
- Daily reporting on outstanding payments.
- Daily loading of payments into the banking system.
- Updating of the contribution register upon receipts of monies from each pay point.
- Monthly reconciliation of bank accounts and all relevant general ledger control accounts.
- Monthly cash flow reporting.
- Monthly investment reconciliations.
- Assume responsibility for monthly and ad-hoc creditor payments.
- Monthly updating of Fund schedules in respect of administration fees, consulting fees, reinsurance premiums, contributions; in preparation for year-end audits.
- Identifying and communicating any differences between amounts due and amounts paid/received in respect of monthly expenses/income, and ensuring resolved monthly.
- Assisting with compiling of year-end audit files for review by Manager/Head within the relevant deadlines and according to the required deliverables of Verso and the auditors.
- Quarterly reporting to the SA Reserve Bank.
- Any additional tasks as assigned by the Portfolio Manager: Fund Accounting
- Be willing and able to assist on tasks of fellow Fund Accountants whenever there is a need due to staff being on leave.
Matric with strong accounting and mathematical abilities; B Comm/Acc Diploma or equivalent will be an advantage.
4. SKILLS REQUIRED:
Good verbal and written communication skills Understanding of accounting principles Articulate presentation and professionalism Organised and good time management skills Client service orientated Attention to detail/accuracy Positive attitude and open to change Proactive – uses initiative (Self-starter - able to self-motivate) Must be able to work independently and under pressure Strong work ethic.
5. TECHNOLOGY:
Practical experience on Microsoft office (outlook, word, excel) A suitable accounting package (preferably Accpac) an advantage Strong knowledge of accounting principles A good understanding of the Employee Benefits industry will be beneficial
6. WORKING EXPERIENCE:
Previous accounting experience (employee benefits industry will be an advantage); Contactable references.
7. REMUNERATION:
A market related salary and other benefits are offered.
8.TO APPLY:
Those that meet the above-mentioned requirements, and/or have other proven relevant skills or qualifications, should submit a detailed CV for the attention of Ms. K Smit to e-mail [email protected] by no later than 30 June 2022.
In submitting your information to Verso, you hereby allow us to collect your personal information and process it for the purpose of recruiting for this position.
Should you not receive a response from us by 30 July 2022, accept that your application was unsuccessful.
Please note that the Verso Group may delete or expire jobs at any time.