Accountant Financial Reporting

The Accountant for Financial Reporting at APA Insurance is responsible for supporting the financial reporting function. This involves ensuring that all financial reporting, including statutory, management, and board reports, are timely, accurate, and compliant with IFRS, regulatory standards, and company policies. The role also focuses on maintaining strong financial controls. Key aspects include assisting with the preparation of monthly, quarterly, and annual financial statements, completing month-end and year-end close processes, and reviewing general ledger balances for accuracy. The accountant will also contribute to management accounts and financial performance reports, monitor performance against budgets, and provide insights into variances. Compliance with IFRS, Companies Act, and tax legislation is crucial, along with driving continuous improvement in financial controls and reporting efficiency. The position also supports budgeting, forecasting, and long-term business strategy, provides financial analysis, and assists in developing financial models. Additionally, the role involves staff development through coaching and mentoring, acting as a contact person for internal and external audits, and understanding ESG and sustainability reporting principles, including IFRS S1 and S2.

1. Support the preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and company policies, collaborating with the Actuarial function.
2. Ensure timely completion of month-end, quarter-end, and year-end close processes, assisting the Actuarial function with IFRS 17 inputs and output analysis.
3. Review general ledger balances to ensure accuracy and completeness of accounting records, verifying proper recording and support for all entries, accruals, provisions, prepayments, and adjustments.
4. Assist in preparing management accounts and financial performance reports, including IFRS 17 results, for Executive Management and the Board.
5. Monitor financial performance against budgets, forecasts, and prior periods, providing insights and explanations for variances.
6. Ensure compliance with IFRS, Companies Act requirements, tax legislation, and other applicable regulations, overseeing the preparation of annual statutory financial statements and disclosures.
7. Drive continuous improvement initiatives to enhance financial controls and reporting efficiency.
8. Monitor changes in accounting standards and regulatory requirements, coordinating implementation activities.
9. Support budgeting, forecasting, and long-term business strategy planning processes.
10. Provide financial analysis and reporting support to business units and management.
11. Assist in developing financial models and scenario analysis to support strategic initiatives.
12. Develop staff capabilities through coaching, mentoring, and training.
13. Foster a culture of accountability, compliance, and high performance within the department.
14. Act as a contact person for internal and external auditors, deputizing the Chief Accountant to ensure timely provision of audit data.
15. Demonstrate a good understanding of ESG and sustainability reporting principles, including IFRS S1 and IFRS S2, and their implications for financial reporting and insurance disclosures.

1. Bachelor’s degree in Accounting, Finance, Economics, or a related field.
2. CPA(K), ACCA, or an equivalent professional qualification is mandatory.
3. Minimum of 5 years of progressive finance experience, with a focus on IFRS 17 reporting.
4. Experience in statutory reporting, audit management, and regulatory reporting.
5. Strong understanding and application of accounting standards, financial reporting requirements, and technical accounting matters within the insurance industry.
6. Sound knowledge of IFRS standards and insurance regulatory reporting requirements to ensure compliance and accurate reporting.
7. Ability to analyze complex financial information, identify issues, and develop practical solutions.
8. Ability to communicate financial information clearly and effectively to management, auditors, regulators, and the Board.
9. Ability to manage multiple reporting deadlines and deliver accurate outputs within strict timelines.
10. Demonstrable proficiency in leveraging AI tools and emerging technologies to enhance financial reporting, financial analysis, process automation, and decision-making.
11. Strong understanding of financial controls, taxation, and financial systems.