Financial Accountant

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Job Description

SUN Insurance (SUN) Company Limited is the only Fiji owned and operated General Insurance Company listed recently on SPX. With a network of agents and branches spread across Fiji Islands we aspire to be the one stop shop for all General Insurance needs for all Fijians.

The Financial Accountant is responsible for maintaining overall financial operations of the company and ensuring accurate and timely preparation of the financial reports. This role reports to the Manager Finance and Company Secretary.

Outcomes

Organisational Stakeholders
1. Financial transactions completed in a timely and efficient manner
Compilation and submission of all financial reporting/ statements ensured Month end financial reports (Profit and Loss including department P&L, Balance sheet, flash reports) prepared and submissions made by due dates Monthly financial accounts, six monthly consolidated financial statement, and the annual consolidated financial statements, including tax calculations, prepared and submitted in a timely manner Spearhead the Financial Planning and Analysis process in preparation and compilation of the OPEX budget for Annual financial year with consultation with the various departments. Supervise and coordinate the external audit for the respective financial year together with preparing the consolidated financial statements with timely sign offs Identify and develop qualitative and quantitative reviews to develop reports that aid in decision making. Assistance provided to the Manager Finance in:   Financial analysis and analytical report preparation Annual operating and CAPEX budget preparation Monitor budget regularly Monitor costs regularly and raise concerns as required  Ensure accurate required information for the Annual Report is submitted in a timely manner Various journal reconciliations prepared and reviewed, and journals posted                         Review journals posted by Finance staff Recommendations submitted to the Director Finance and Manager Finance based on the revenue reports Reconciliation of month end balance sheet accounts ensured Monthly reports discussed with each division and advice provided on financial performance All statutory, VAT, PAYE, FNPF, FBT, FNU levy and company advance tax payments ensured before the deadline                   Handle all company tax matters effectively  New vendors and customers vetted and reviewed in the financial software Monthly management file submitted for reviews Consolidated Financial Statements and tax payments submitted in a timely manner to respective stakeholders Preparation and lodgment of quarterly and annual Reserve Bank of Fiji returns. Respond to RBF queries for returns submissions. The finalized budget vetted and the segments P&L uploaded in the financial software  General /Subsidiary Ledgers closed after the finalization of the audit                       Vet before it is closed on the Live Database Chart of accounts and the fixed asset register maintained efficiently
2. All departmental objectives addressed and completed in a timely and efficient manner
Management and alignment of work practices with all Company policies and procedures including partnership agreements Compilation, review and submission of monthly reports ensured Department's standard operating procedures (SOP) are relevant, up to date and effectively communicated                           SOPs further developed to ensure ongoing operational efficiency Business process flows maintained and monitored as per company requirements Department's policies are relevant, up to date and effectively communicated                       Policies further developed to ensure ongoing operational efficiency All administrative and operational records and filing systems updated, maintained and archived as per company policy Department annual budget is complete, accurate and submitted in a timely fashion Implementation of established controls ensured                New controls implemented as necessary Departmental reports and documents are uploaded on the company intranet at the end of every month                Reports and documents are up to date and accurate Department calendar is updated annually and in a timely fashion
3. All relevant internal and external communications handled professionally
Customer queries attended to effectively and appropriately                         monitoring and logging of complaints accurately ensured Internal and external auditors coordinated and liaised with as required                   Take remedial action on any of the recommendations Stakeholder management ensured                          Interact with statutory bodies for statutory requirements and compliance Quarterly submission of surveys made to the Bureau of Statistics in a timely manner
4. Supervisory and leadership of the department demonstrated effectively:
Accurate reviews and approvals conducted:                        Oversee tracking and reporting by the Finance Officer of all revenue drivers by Agents Check payment voucher and LPO approvals as per delegated limit Oversee, check and approve revenue invoices, credit applications, vouchers, bank summaries, deposits, cheques below $5k Supervise the Finance team Developing and growing workforce competence ensured with effective supervision, mentoring and succession planning                                Capacity building for staff Learning environment to help staff grow is supported Safe, healthy and environmentally aware workforce ensured                      Compliance to policies and procedures is ensured                                          OHS Bullying and harassment Environmental protection Effective and efficient work practices are maintained Improved processes and procedures implemented                           Application of technology Departmental records are up to date Compliance to policies and procedures is ensured
5. SUN's reputation, profitability and performance is supported
High professional standards contribute to the organization's success                       Deadlines and service level agreements met at all times High ethical standards met at all times Excellent teamwork aimed to achieve business outcomes efficiently and effectively Organization's efficiency and improved productivity supported                                        Process/systems improvement initiatives; Cost reduction initiatives Contributions made towards the organization's profits in line with the scope of the work Any other work-related task assigned by the Management that is within the capacity of the position holder is performed; teamwork is demonstrated Modern technology and innovative methods used to achieve results
6. SUN's image and value standards demonstrated and upheld at all times
Confidentiality of all communications upheld at all times A professional and amiable relationship maintained with all stakeholders

Responsibilities - Critical Competencies

Competence	Description
Business
Business Performance	Manage the performance of the organisation.
Risk Management	Analyse and manage risk.
Planning	Deliver results by developing, reviewing or following a work plan, action plan or operational plan.
Resource Management	Deliver results through the efficient and effective allocation and use of supplies , equipment and people.
Systems and Procedures	Develop and/or apply procedures to assist the organisation achieve its goals.
Information Analysis	Make informed decisions by collecting and interpreting data and information
Business Performance	Manage the performance of the organisation.
Risk Management	Analyse and manage risk.
Planning	Deliver results by developing, reviewing or following a work plan, action plan or operational plan.
Resource Management	Deliver results through the efficient and effective allocation and use of supplies , equipment and people.
Systems and Procedures	Develop and/or apply procedures to assist the organisation achieve its goals.
Information Analysis	Make informed decisions by collecting and interpreting data and information
Customer
Customer Commitment	Demonstrate a commitment to customer service - both internal and external customers.
Relationship Building	Build beneficial relationships with suppliers and stakeholders.
Quality Focus	Deliver quality.
Customer Commitment	Demonstrate a commitment to customer service - both internal and external customers.
Relationship Building	Build beneficial relationships with suppliers and stakeholders.
Quality Focus	Deliver quality.
People
Leadership	Utilise a leadership position to influence people and events and to increase performance.
Team Orientation	Work in a team towards a common aim.
Facilitation	Assist the progress of work ensuring its timely and effective completion.
Problem Solving	Develop practical solutions to a situation.
Innovation	Use original and creative thinking to make improvements and/or develop and initiate new approaches.
Self-Management	Manage your priorities and objectives efficiently and effectively
Leadership	Utilise a leadership position to influence people and events and to increase performance.
Team Orientation	Work in a team towards a common aim.
Facilitation	Assist the progress of work ensuring its timely and effective completion.
Problem Solving	Develop practical solutions to a situation.
Innovation	Use original and creative thinking to make improvements and/or develop and initiate new approaches.
Self-Management	Manage your priorities and objectives efficiently and effectively
Professional
Technical Strength	Demonstrate knowledge of a specialist discipline.
Compliance	Comply with relevant laws and the policies and procedures of the organisation.
Financial Application	Apply financial principles and practices.
Technology Application	Apply technology.
Technical Strength	Demonstrate knowledge of a specialist discipline.
Compliance	Comply with relevant laws and the policies and procedures of the organisation.
Financial Application	Apply financial principles and practices.
Technology Application	Apply technology.

Qualifications

Qualification	Discipline	Notes
Preferred
Degree	Accounting and Finance, Accounting/Finance
Desirable
Higher Degree incl. Post Grad Cert or Dip	Accounting and Finance

Work Knowledge and Experience

1. Knowledge of International Financial Reporting Standards / GAAP and how these apply to SUN Insurance
2. Relevant working experience of at least 8 years with more than 5 years in a leadership / supervisory role.
3. Proven leadership and management abilities / skills.
4. Demonstrated Audit experience will be an advantage.
5. Thorough knowledge and demonstrated ability in the development of annual budgets.

Requirements

Language Proficiency
Strong written and spoken English language proficiency.
Professional Associations
Chartered Professional Accountant (CPA)
Regulatory Compliance Requirements
Driver’s License

Attributes

Attribute	Definition
Interpersonal Styles
Forthright	Speaks out frankly without hesitation, showing a direct manner.
Objective	Impartial and honest in dealings with others, eliminating own feelings and view to reach a balanced judgement.
Perceptive	Shows keen insight and understanding of issues or situations.
Realistic	Shows concern for facts and reality, rejecting the impractical.
Team Oriented	Enjoys being with others as part of a group or team.
Trusting	Places confidence in others without misgivings, relying on their ability, character, and truthfulness.
Thinking Styles
Abstract/conceptual thinker	Creates abstract or generic ideas generalised from particular instances.
Analytic	Able to separate things into their constituent elements in order to study or examine them, draw conclusions, or solve problems.
Challenger	Queries, tests information/beliefs and provokes thought.
Concrete thinker	Focuses on the tangible experiences of actual things or events.
Decisive	Reaches conclusions, promptly and firmly.
Numerate	Shows abilities in quantitative thought and expression.
Well organised	Controls tasks in a well thought out and critical manner.