Share this post on
To apply, click on the link at the end of the posts and all the best with your applications.
Technical Accountant: Finance
| Closing Date | 2024/10/01 |
| Reference Number | LAN240919-4 |
| Job Title | Technical Accountant: Finance |
| Division | Land Bank Insurance Company |
| Unit | LBIC |
| Job Type Classification | Permanent |
| Location – Country | South Africa |
| Location – Province | Gauteng |
| Location – Town / City | Centurion |
Job Advert Summary
(Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
To provide technical accounting support and operational expertise in order to provide relevant and reliable information for business decision making through the design, implementation and maintenance of effective financial processes, procedures and policies for Land Bank Insurance
Key Performance Areas
- Provide technical accounting support to the finance team, relating to all line items of the Managament Accounts as well as the Statement of Financial Position and Statement of Profit & Loss
General
Provide quality assurance relating to each line item on the Balance Sheet as well as Profit & Loss
Review monthly manangement accounts to ensure accounting recognition, measurement, classification and disclosures are correct
Perform analytical review of month to month movements mainly in terms of insurance contract assets, insurance contract liabilities as well as re – insurance contracts, accounts payable and receivable, etc
Provide technical input to Board and Sub – committee packs
Assist in general ledger maintenance (eliminate legacy items, rectify naming descriptions, etc)
Assist with VAT queries
IFRS 17 Insurance Contracts specific (monthly):
Facilitate communication between Finance, Operations and Actuarial (specifically month – end and year – end)
Ensure reporting timelines are met by engaging Operations and Actuarial teams
Facilitate financial data between Finance, Operations and Actuarial
Review risk intergrity output and engage Operations/ Actuarial if any anomolies
Ensure journals from Risk Integrity are posted correctly in SAP GL
Perform high level review of the input data going into risk integrity
Ensure expense allocation in terms of IFRS 17 is up to date and in line with accouting policy
Ensure insurance contract liablities and assets are based according to IFRS 17, accouting policies and accounted correctly
Adhoc
Respond to queries from Actuarial team reading quarterly and annual returns to the Prudential Authority
Investigate IFRS and Tax legislation changes that affect the Insurance entities.
Assist with correspondence to be provided to external stakeholders such as Land Bank, National Treasury, Prudential Authority etc…
Provide guidance in procurement matters by referencing the PFMA as well as procurement policy.
- Annual Financial Statements and Corporate Plan budget
Annual Financial Statements
Perform quality assurance of each line item and ensure mapping is accurate and correct
Provide quality assurance on disclosure such as:
– Investments – Liase with investment consultant to ensure classification of assets are correct, e.g. Listed/ Unlisted assets are disclosed as such and in line with IFRS 9
- Insurance contract asset and liability notes are disclosed according to IFRS 17
- Accounting policies are consistent and relevantProvide advise on the technical updates in the disclosure of their AFS
Assist the Land Bank, if required, with the group consolidation
Liase with external auditiors and facilitate responses to audit queries
Corporate Plan budget
Assist in assumption setting, ensuring assumptions are relevant and realistic
Liase with relevant business within LBI to understand their budget assumptions
Assist head of finance in drafting budget, by providing technical inputs taking future accounting and tax changes into account
Preferred Minimum Education and Experience
CA (SA)
2-4 years experience including:
Preferrably in Insurance
Experience in Financial Management / Management Accounting and AFS preparation
Exposure to Insurance Accounting, Regulations and Regulatory Reporting
Advanced knowledge of IFRS
Good understanding of VAT
Critical Competencies
Business Acumen
Short Term & Long term insurance Act
FSCA Requirements
International Financial Reporting Standards (IFRS)
Tax Legislation
Financial Reporting
Solvency Assessment Mangement (SAM)
Additional Requirements
Extended hours as and when required
Travel as and when required
Manager: Credit Risk Monitoring
| Closing Date | 2024/10/01 |
| Reference Number | LAN240925-1 |
| Job Title | Manager: Credit Risk Monitoring ( Head Office) |
| Division | Risk Management |
| Unit | Risk Management |
| Job Type Classification | Permanent |
| Location – Country | South Africa |
| Location – Province | Gauteng |
| Location – Town / City | Centurio |
Job Advert Summary
MAIN PURPOSE OF THE JOB
The purpose of the job role is to assist, develop, monitor and report on the implementation of the Credit Risk Management Framework which includes credit policies, credit committee governance charters, portfolio monitoring and reporting within the organisation, thereby assisting to maintain credit exposures within approved parameters. The job role will further be responsible for the mmanagement and oversight all credit committees in the Land Bank, highlighting non-compliance in areas to mitigate the risk for non-compliance and suggest solutions to ensure compliance.
Key Performance Areas
- Assist in developing and refining credit risk management policies and governance charters
Reviews and maintains the credit risk limit / prudential limits in line with the to inform the Bank’s risk appetite
Reviews and maintains the credit policies for alignment to the Basel principles and IRFS 9 requirement for best practise risk management and governance
Reviews and maintains the procedure manuals for policy implementation
Reviews and maintains the credit risk management framework for best practise risk management and governance
Develops new policies required within the credit value chain of the Bank to enhance risk management and governance
- Portfolio monitoring of all segments
Monitors and report business performance in accordance with policies, procedures, legal requirements and against set corporate plan and business targets
Monitors and report the renewal / review of credit facilities
Manage reclassification of high risk accounts based on IFRS 9 stage classification
Manage and Monitors accounts in breach of covenants and recommend remedial action to be done by PMS
Monitors accounts within Workout and Restructuring and/or watch list exposures
Monitors and manage actioning of outstanding collateral as per exception reports generated from the CMS
Recommends remedial action where there are deficiencies in portfolio management
Completes monitoring actions within allocated time frames
- Credit risk assessment monitoring
Attending credit committee meetings
Monitors adherence to credit committee charters, DOP, credit policies, processes and procedures
Highlights any risks associated with a loan application and propose mitigates to protect the interest of the Bank
Monitors adherence to prudential limits for all exposures within the Bank
- Portfolio reporting
Prepares monthly dashboard reports to monitor portfolio trends and performance for EXCO and Board
Prepares quarterly reports for CROM, EXCO, CIC and the Board to monitor portfolio trends and performance
Validates all content and quality of reports submitted by business units
Coordinates CROM activities
- Manage the Review and Hinde sight of Credit Approvals
Develop Review and Hinde sight objectives and report to CRO/EM through line
Develop Review and Hinde sight Annual plans for approval by CRO and EXCO which will ensure adherence credit risk management framework, credit policies and procedures as well as appropriate DOP.
Ensure timely review reporting
Provide advisory service to management on credit policy and processes
Develop or review credit policy and processes to remediate gaps identified from hindsight reports .
Monitor the loan approval process taking into account the decentralized credit approval mandates across regions or specified region.
Give recommendations to management and Board where gaps have been identified to improve the control environment.
- Conduct research
Initiates research through a pro-activity into trends e.g. implementation of best practice in terms of credit granting, norms and standards
Receives a request for research, analyse to determine the objectives and outcomes of the research
Defines the objectives of the research in accordance with the requirements
Ensures compliance of the request to the organisational control systems
Determine the research methodology in accordance with the requirements
Collects the appropriate data utilising all relevant resources
Analysis the data to determine applicability and utilisation
Interpret and evaluate the data by means of various analysis techniques and model development
Analysis the data and present as required
Produces the research paper in accordance with standards and format containing all the relevant information satisfying the objectives and the outcomes of the research
Compiles a presentation in accordance with the required format to be utilised in a presentation
Preferred Minimum Education and Experience
Relevant 3-year tertiary qualification (B Com or similar)
Postgraduate qualification – relevant to Credit Risk
5 years experience within credit risk management
Critical Competencies
Microsoft Office
Business Acumen
Risk Management Principles
Research and Analysis principles
Written and verbal communication
Credit granting systems / tools
Credit granting regulations
Additional Requirements
Travel as and when required
Extended hours as and when required
All the best with your applications
Leave a Reply