Assistant Product Accountant

The Assistant Product Accountant role is required to assist the Product Accountant and Financial Manager by providing data required to support the reporting of Shareholder profits, Net Client Cash Flows, Assets Under Management & Funds Under Management. The incumbent is individually accountable for achieving results through own efforts.

Perform critical analysis and reporting on the full monthly Trial Balance and movements for the assigned products within Wealth Life space.
Required to do HFM as well as Solvency Assessment & Management (SAM) submissions.
Generate financial information from the applicable systems and liaise with other teams that feed information that have shareholder impact to prepare reports with commentary.
This role is expected to drive the preparation, execution and review of the business plan, forecast and strategic target setting for the Wealth Life Profit indicators, NCCF & AUM.
Responsible to review Control Accounts, Intercompany recons, and completeness of Trial Balance.

Key Responsibilities Will Include Amongst Others The Following

Financial Control

Review of the monthly financials of shareholders and policyholders for the assigned products.
To ensure that all the financial accounting transactions are accurately and timeously reflected in the general ledger.
Prepare monthly Income Statement files and analyse the profit margins and articulate the driver of profits.
Perform an analysis of the Assets Under Management (AUM), Net Client Cash Flows (NCCF) & Funds Under Management (FUM)
Review and Monitor on the status of all control/loan accounts within the business unit. Drive action with the responsible parties to clear reconciling items.
Assist in processing of intercompany balances settlement on a monthly basis.
Assist in obtaining and reviewing the bank reconciliations for both shareholder and policyholder accounts.
Implement the necessary processes and controls as a result of changes in the business or changes to administration platforms and accounting systems.
Ensure completeness and accuracy of HFM Submissions and Disclosure as well as SAM Regulatory submissions.
Ensure monthly, quarterly, and annual regulatory and tax reporting deadlines are met.

Management and Financial Reporting

Manage own reporting requirements on the assigned products.
Produces ongoing and ad-hoc reporting based on requirements from business unit, Central Finance, and other stakeholders.
Support projects such as the implementation of new products and IFRS standards.

Fund Accounting & Fund Administration Process

Ensure Fund Administration team in Fund Finance delivers on all required outputs (journals, extracts, reports, and recons) for the Policyholder accounting and reporting process.

Risk, Governance & Compliance

Responsible for providing quarterly Investment Assets reports to the central finance team.
Assist in maintain the Company Masterfile.
Assist in maintaining and setting up the spreadsheet design and documentation of processes for all the activities assigned.
Liaise with auditors & internal governance team for control reviews.

Team Effectiveness