Finance Executive, Lloyd's South Africa

ZA, South Africa

Job Description

Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us.
The Role
Responsibilities include financial planning, reporting, analysis and encompasses various finance functions. Reports to the General manager.

Experience and knowledge on value-added tax (VAT) , annual financial statements audits, provisional taxes, and budgets/forecast and book-keeping.
Principal AccountabilitiesReview of consolidated monthly vat returns submitted by Lloyd's approved brokers and underwriting managers called Coverholders, on behalf of underwriters, including cross checking of data against binder agreements (class of business, fees, commissions, etc). Analysis and trends in respect of significant month-on-month variances. Assist with the annual Coverholders vat review process, review and distribution of the reports, and ensure recommended solutions are implemented by the Coverholders. Liaise with the South African Revenue Services (SARS) on queries and/or outstanding refunds. Support the annual statutory audit process with the auditors, including draft financials review. Revert on auditor queries relating to non-employment spend. Manage the bi-annual provisional tax and annual income tax return (ITR14) process with the external service provider, including addressing queries. Support the General Manager on the annual budget process. Responsible for the forecast process and monthly tracking against budget. Review journal posting prior to uploading onto Workday and support the monthly finance reporting process to Central Finance. Compile the bi-monthly vat process for Lloyd's SA. Compile half-yearly and yearly finance reporting to central finance. Support the team in respect of ad hoc internal audits, where required. Support the General manager on ad hoc queries from the internal tax team. Any other ad hoc tasks assigned by the line manager and/or the Company.

SkillsFinancial expertise: Strong knowledge of financial principles, accounting standards and financial analysis techniques. Sound knowledge of value-added tax (VAT) principles (in the short-term insurance industry is advantageous). Communication skills: Ability to effectively communicate financial information and engage with both junior and senior audiences. Problem-solving skills: Ability to identify and provide solutions to financial issues. Compliance awareness: Have an understanding of relevant financial regulations and compliance requirements in finance.

Degree/diploma in accounting and a minimum of 3 years experience is required.
Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881Please note, clicking on this link does not register your application for the vacancy

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Job Detail

  • Job Id
    JD1467730
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Part Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    ZA, South Africa
  • Education
    Not mentioned