OUTsurance has been propelling the South African insurance industry forward for the last 28 years. As leaders in the field, we’re always looking for innovative ways to create digitally advanced solutions, without losing sight of our human values. Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise. If you’re keen to grow your career in a vibrant environment with lots of ‘fun’, this could be the career opportunity you’ve been looking for.

What do you get OUT?

OUTsurance has been voted Top Employer South Africa since 2022.  Our people vision is to be a great company to work for where you always get something OUT.

We Offer Our Employees:

• A winning, fun and inclusive company culture that embraces diversity.
• Great Rewards and Recognition programs. 
• Growth opportunities (we hire talent, train skill and promote values driven leaders from within)
• Wi-Fi on campus and Emergency Panic-Assist through the OUTsurance app
• Employee wellness programs: Free Counselling, Legal Advice and Financial Coaching for you and your members of household.
• A chance to give back (Staff Helping SA OUT volunteer program) and much more. Prayer Rooms

Responsibilities

1. Financial Reporting:

• Oversee preparation of monthly and biannual financial results, together with the annual financial statements.
• Ensure compliance with IFRS and other regulatory standards.
• Prepare variance analysis and explain deviations in financial performance.

2. Accounting Operations:

• Manage the general ledger, ensuring accurate and timely posting of transactions.
• Oversee accounts payable, receivable, and intercompany transactions.
• Implement and maintain internal controls to safeguard company assets.
• Ensure the completion of all month-end processes and reconciliations.
• Assist in the preparation of VAT calculations and submissions.

3. Regulatory Compliance:

• Ensure compliance with insurance regulations, tax laws, and financial reporting standards.
• Liaise with external auditors during annual audits and manage audit requests.
• Assist with preparation and filing regulatory reports as required by government agencies and managing queries from these agencies.

5. Team Leadership:

• Train and support junior accounting staff, providing guidance where required.
• Foster a collaborative team environment, encouraging professional development. Ensure collaboration and transparency in the relationship with Group Finance through proactive, professional and accurate reporting and communication.
• Lead projects related to process improvements and system enhancements.
• Take end-to-end ownership for the accuracy of the trial balance and engage stakeholders where and when required on any areas of risk.

6. Financial Analysis:

• Conduct detailed financial analysis to support management’s strategic initiatives.
• Assist in identifying cost-saving opportunities and operational efficiencies.

The candidate will report into the Financial Manager for OUTsurance.

• Bachelor’s degree in accounting, Finance, or a related field; CA (SA) or equivalent qualifications preferred.
• Minimum 5 years of experience in financial accounting, with at least 2 years in the insurance industry.
• Strong knowledge of IFRS and relevant regulatory requirements for insurance.
• Proficiency in MS Excel.
• Excellent analytical and critical thinking skills with diligence.
• Effective communication and interpersonal skills to interact with stakeholders at all levels.
• Ability to lead and manage multiple projects in a challenging environment.

An ideal candidate will be able to align their personal work values to the OUTsurance. Being enthusiastic in dealing with challenges in a stressful, deadline orientated environment is essential.

In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.