Website Discovery Limited
Discovery Limited is a major South African financial services company that operates in the healthcare, life and short-term insurance, banking, savings, and wellness markets .
Discovery Limited is a major South African financial services company that operates in the healthcare, life and short-term insurance, banking, savings, and wellness markets
. It is publicly traded on the Johannesburg Stock Exchange (JSE) under the ticker symbol DSY. Discovery aims to improve health and protect lives. Their business model, “Shared-value Insurance,” uses behavioral science to reward clients for healthy living, safe driving, and good financial habits. By reducing client risk, Discovery experiences fewer claims and can offer incentives and rewards, creating mutual benefits.
Role Description
- Consolidations expert responsible for importing, reconciling, mapping, and maintaining consolidation tool, as well as ensuring all statutory, regulatory and management reports are recorded accurately and within the required deadlines and formats prescribed by group finance and regulations. Automating all returns within the Discovery Life space to ensure that one correct source of information is used to compile and report information.
Key Outputs / Job Responsibilities
- Maintenance of consolidation tool for tax and IFRS reporting, which includes importing of most recent trial balances, investigating and resolving differences that may arise
- Adding manual journals into consolidation tool which do not form part of group reporting but are required for subsidiary reporting.
- Completion of all group finance requests on consolidation tool which includes Life KPIs, and various note disclosures.
- Liaise and manage relationships with internal departments, including Central Finance, Actuarial department, marketing and systems
- Identify, monitor and communicate key performance metrics on the tool
- Assist with conversion of all other regulatory and management reports on consolidation tool
- Automate any manual AFS preparation processes using formulas
- Prepare dashboards which management can use for quick review
- Preparation of actuarial schedules including consolidation balance sheet at account level, asset matching, expense classification into IFRS 17 categories as defined by the expense policy
- Maintenance and reconciliation of Magic Orange system which is an expense attribution tool
- Enhancing existing procedures & processes
Job / Role Requirements
Work Experience
Required
- Working experience post-articles
Preferred (would be advantageous)
- Experience with using the One-stream reporting tool. Experience with consolidation systems/reporting tools
- Having worked on group consolidations as an auditor or accountant in a financial services company
Education / Qualifications / Accreditations with Professional Body
Education / Qualifications Required
- Newly qualified CA(SA)
Technical Skills or Knowledge
Required
- Basic insurance accounting,
- Computer Literacy
- Excel
Preferred (would be advantageous)
- Coding
