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Finance Manager (Short-Term Insurance) (JB5973)
Sandton, Gauteng · Accounting/FinanceFinance Manager (Short-Term Insurance (JB5973)
Sandton, Gauteng
R600 000.00 to R800 000.00 per annum CTC
Permanent
A licensed short-term insurer operating within a highly regulated environment is entering a strategic growth phase, expanding into personal and commercial motor, property, and liability lines. The organisation is built on a strong governance, risk, and compliance framework, supported by actuarial oversight and outsourced specialist functions. With a focus on disciplined, quality-driven growth, the business prioritises sound capital management and strict regulatory alignment.
This role forms a key part of the finance function and supports the organisation’s expansion strategy. The Finance Manager will lead the first-line finance function, ensuring accurate financial management, regulatory compliance, and effective capital and solvency monitoring within a short-term insurance environment. The position operates within an administrative structure, with potential to transition in-house as the business scales.
Minimum Requirements:
CA(SA) qualification (essential)
2–3+ years post-articles experience within a short-term insurance environment
Completed SAICA Articles
Short-term insurance (non-life) experience (essential)
Exposure to motor, property, and liability lines (personal and commercial)
Strong understanding of SAM, SCR, and ORSA
Experience with regulatory reporting to the Prudential Authority
Experience and understanding of IFRS 17
Advanced Microsoft skills and experience with accounting systems (e.g. Xero, Sage Pastel)
Advantageous:
Experience with binder / UMA / outsourced models
Experience with broker due diligence and onboarding
Experience within a growing or scaling insurer
Ability to operate in a hands-on, lean environme
Duties and Responsibilities:
Financial Management & Reporting
Prepare monthly management accounts, budgeting, and forecasting
Prepare annual financial statements in line with regulatory requirements
Ensure accuracy and integrity of financial reporting
Prepare financial reports for Exco and Board
Regulatory & Compliance
Manage and submit regulatory returns to the Prudential Authority
Ensure compliance with SAM, IFRS, and insurance regulations
Support internal and external audit processes
Capital & Solvency Management
Support ORSA processes and capital planning
Work closely with actuarial functions
Monitor SCR and solvency coverage ratios
Operational Finance
Manage premium, claims, and cashflow processes
Manage insurer bank accounts and reconciliations
Ensure controls over binder and outsourced arrangements
Governance & Internal Controls
Maintain strong internal controls aligned to GOI 3
Support risk, compliance, and audit functions
Develop and maintain finance policies and procedures
Please do not apply using Scanned CVs, no supporting documentation is required at this point, this will be requested later.
Kontak Recruitment Disclaimer:
Equal opportunity: All backgrounds are welcomed, with no bias. All are considered based on requirements.
Job specifics: Requirements mirror advertisement, duties may adjust for client needs.
Fair process: Fair assessment, only shortlisted candidates contacted due to volume.
Privacy: Data processed as per Privacy Policy. By applying, you agree to data handling. We safeguard applicant info.
Candidate verification: Candidates selected by the client are verified. False info may disqualify or end employment via the client.
Offer clarity: Advert is not a binding offer. Written offers based on pre-employment conditions.
No direct link: Advert is not tied to Kontak Recruitment. We assist in the employment process ONLY.
Applicant Responsibility: Upon applying, confirmation of receipt for a specific advert is given. If no confirmation is received, you must verify with Kontak Recruitment.
Sandton, Gauteng
R600 000.00 to R800 000.00 per annum CTC
Permanent
A licensed short-term insurer operating within a highly regulated environment is entering a strategic growth phase, expanding into personal and commercial motor, property, and liability lines. The organisation is built on a strong governance, risk, and compliance framework, supported by actuarial oversight and outsourced specialist functions. With a focus on disciplined, quality-driven growth, the business prioritises sound capital management and strict regulatory alignment.
This role forms a key part of the finance function and supports the organisation’s expansion strategy. The Finance Manager will lead the first-line finance function, ensuring accurate financial management, regulatory compliance, and effective capital and solvency monitoring within a short-term insurance environment. The position operates within an administrative structure, with potential to transition in-house as the business scales.
Minimum Requirements:
CA(SA) qualification (essential)
2–3+ years post-articles experience within a short-term insurance environment
Completed SAICA Articles
Short-term insurance (non-life) experience (essential)
Exposure to motor, property, and liability lines (personal and commercial)
Strong understanding of SAM, SCR, and ORSA
Experience with regulatory reporting to the Prudential Authority
Experience and understanding of IFRS 17
Advanced Microsoft skills and experience with accounting systems (e.g. Xero, Sage Pastel)
Advantageous:
Experience with binder / UMA / outsourced models
Experience with broker due diligence and onboarding
Experience within a growing or scaling insurer
Ability to operate in a hands-on, lean environme
Duties and Responsibilities:
Financial Management & Reporting
Prepare monthly management accounts, budgeting, and forecasting
Prepare annual financial statements in line with regulatory requirements
Ensure accuracy and integrity of financial reporting
Prepare financial reports for Exco and Board
Regulatory & Compliance
Manage and submit regulatory returns to the Prudential Authority
Ensure compliance with SAM, IFRS, and insurance regulations
Support internal and external audit processes
Capital & Solvency Management
Support ORSA processes and capital planning
Work closely with actuarial functions
Monitor SCR and solvency coverage ratios
Operational Finance
Manage premium, claims, and cashflow processes
Manage insurer bank accounts and reconciliations
Ensure controls over binder and outsourced arrangements
Governance & Internal Controls
Maintain strong internal controls aligned to GOI 3
Support risk, compliance, and audit functions
Develop and maintain finance policies and procedures
Please do not apply using Scanned CVs, no supporting documentation is required at this point, this will be requested later.
Kontak Recruitment Disclaimer:
Equal opportunity: All backgrounds are welcomed, with no bias. All are considered based on requirements.
Job specifics: Requirements mirror advertisement, duties may adjust for client needs.
Fair process: Fair assessment, only shortlisted candidates contacted due to volume.
Privacy: Data processed as per Privacy Policy. By applying, you agree to data handling. We safeguard applicant info.
Candidate verification: Candidates selected by the client are verified. False info may disqualify or end employment via the client.
Offer clarity: Advert is not a binding offer. Written offers based on pre-employment conditions.
No direct link: Advert is not tied to Kontak Recruitment. We assist in the employment process ONLY.
Applicant Responsibility: Upon applying, confirmation of receipt for a specific advert is given. If no confirmation is received, you must verify with Kontak Recruitment.