To apply, click on the link at the end of the posts and all the best with your applications.
| Closing Date | 2024/05/03 |
| Reference Number | MMH240426-3 |
| Job Title | Financial Accountant |
| Position Type | Permanent |
| Role Family | Finance |
| Cluster | Momentum Corporate |
| Remote Opportunity | Some of the time |
| Location – Country | South Africa |
| Location – Province | Western Cape |
| Location – Town / City | Cape Town |
| Introduction | Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses. Visit us at www.momentummetropolitan.co.za |
| Role Purpose | Responsible for performing and controlling general accounting duties, in support of the overall finance operations and to manage risk and ensure accuracy of financial information. |
| Requirements | Experience and QualificationsBComm Degree in Financial Management or Accounting or related qualification3 years in the Insurance or Financial industry5-7 years’ relevant accounting experience (essential) |
| Duties & Responsibilities | INTERNAL PROCESSPerforming the Reinsurance function within Group InsuranceProcessing Reinsurance premium and claim recovery calculations.Processing of payments and monthly journals.Compiling correspondence with internal and external clientsCollaboration with internal stakeholders and teams.Building relationships with external reinsurersPreparing variance reports and analysisAttend monthly/quarterly meetings with internal clients.Preparing the monthly balance sheet recons in preparation for financial reporting.Compiling various management reports.Assisting with any audit query and engagement with the auditors.Assisting on special projects when the need arises. CLIENTInvestigate internal and external client queries within the agreed service level and ensure that client receives timeous feedback.Escalate internal and external client queries to the relevant department or stakeholder.Provide authoritative, expertise and advice to clients and stakeholders.Build and maintain relationships with clients and internal and external stakeholders.Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed.Make recommendations to improve client service and fair treatment of clients within area of responsibility.Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service. PEOPLEDevelop and maintain productive and collaborative working relationships with peers, stakeholders and clients.Positively influence and participate in change initiatives.Continuously develop own expertise in terms of professional, industry and legislation knowledge.Contribute to continuous innovation through the development, sharing and implementation of new ideas.Take ownership for driving career development. FINANCEIdentify opportunities to enhance cost effectiveness and increase operational efficiency.Manage financial and other company resources under your control with due respect.Provide input into the risk identification processes and communicate recommendations in the appropriate forum. |
| Competencies | Attention to detailAnalytical skillsFundamentals of accountingAdministration skillsReport writing skillsCritical and proactive thinkingCommunication skillsProblem-solving skills |
| Closing Date | 2024/05/01 |
| Reference Number | MMH230927-2 |
| Job Title | Financial Manager: Fund & Investment Accounting |
| Position Type | Permanent |
| Role Family | Finance |
| Cluster | Momentum Corporate |
| Remote Opportunity | Some of the time |
| Location – Country | South Africa |
| Location – Province | Gauteng |
| Location – Town / City | Sandton |
| Introduction | Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewardsprogramme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses. Visit us at www.momentummetropolitan.co.za |
| Role Purpose | Manage the financial and investment reporting for funds, and the daily processing function through completeness, accuracy and timeous oversight and engagement of the related treasury and investment support services in line with best practice and financial management principles. |
| Requirements | Relevant bachelor’s degree in financePost graduate finance and investments qualification (advantageous)5 + years in a managerial position8 + years experience and knowledge as well as insights into the employee benefits industry and related financial wellness industriesKey developments in accounting principles incl. International Financial Reporting Standards as well as exposure to unitisation principles and investmentsKnowledge of the regulatory reporting requirements and other FSCA and Reserve Bank requirementsUnderstanding of relevant legislation (e.g., Pension Funds Act and Regulations, Income Tax Act, Regulation 28, Divorce Act, Section 13A, Section 37C, etc.)ATTRIBUTESSense of urgencyAnalytical thinkingCommercial thinking and business acumenPresentation and facilitation skillsInfluencingPlanning and OrganisingInterpersonal Relationships |
| Duties & Responsibilities | Manage the fund accounting and investment accounting processing function (Internal and external Processes)Plan, document, initiate and manage annual statutory or internal audits as formal business projects by liaising directly with fund auditors, investment managers and business peers to oversee the audit process, audit queries, audit management letters and ensure improvement on the control environment with audit recommendations to eliminate audit overruns and client dissatisfaction.Review, critically analyse and present management accounts, statements of cash flow, budgets, SARB and Regulation 28 reports and annual financial statements to clients in line with the client expectations as per the Service Level Agreement.Respond to Board of Fund and sub-committee queries.Engage with fund valuator and manage valuation requirements.Review and sign-off on annual financial statements, management accounts, statement of cash flow, SARB, C48, Regulation 28 and all other financial reporting to clients.Maintain a standardised accounting environment and discipline.Review and sign off on monthly asset-liability matching procedures for all funds.Implementation of all automation initiatives and ensuring ISAE 3402 compliance within all fund accounting principles.Respond to regulatory authorities queries and manage on-site visit deliverables timeously.Enable client centricity within area of responsibilityProvide expertise and advice to clients and stakeholdersBuild and maintain relationships with clients and stakeholdersContribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustmentsDeliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managedMake recommendations to improve client service and fair treatment of clients within area of responsibilityParticipate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client servicePresent financial reports to clients where requiredContribute to effective and consistent service delivery and support to all clients in line with the company’s values and Treating Customers Fairly (TCF) principles.Effectively lead teamCreate a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivityDemonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational valuesDrive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesivenessEnable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team membersIdentify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growthEffectively manage performance within the team in order to ensure business objectives are achievedEncourage innovation, change agility and collaboration within the teamLive the MMH values of Accountability, Diversity, Excellence, Integrity, Innovation and Teamwork in all interactionsManage budget and implement sound financial controlsCompile and control budgets to minimise expenditure in alignment with tactical delivery plansControl the budget for area, including the authorisation of expenditures and implementation of financial regulationsManage high risk and problematic financial issues in area of accountability and contribute to the development of policyImplement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activitiesImplement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conductImplement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liabilityInvestigate reported wilful acts of non-compliance to organisation policy and practice and report on findings. |
| Competencies | Business AcumenClient CommitmentDrive for ResultsLeads Change and InnovationCollaborationImpact and InfluenceSelf-awareness and InsightDiversity and Inclusiveness |
All the best with your applications.
To apply, click on the link at the end of the posts and all the…