Accountant Team Leader

DiscoveryGauteng, South Africa

8 hours ago

Job description

Accountant Team Leader – Discovery Invest

Location : Sandton, Gauteng. Salary : R6,000,000 – R12,000,000.

Posted today.

Key Purpose : Reporting on and monitoring Discovery Invest’s financial performance through monthly management accounts and annual financial statements. Provide relevant, accurate, and value‑add financial information that supports decision‑making, ensures compliance with accounting standards and regulation, and maintains and enhances internal financial controls.

Areas of Responsibility

Compile and review monthly management accounts for submission to Invest Exco.
Analyze financial performance and deliver actionable insights to support executive decision‑making.
Contribute to the development of Exco and Board reports.
Prepare and review financial statements and disclosures in line with IFRS and regulatory standards.
Consolidate financial results for Discovery Unit Trusts and other investment funds.
Submit financial information via OneStream for Group Finance consolidation and reporting to Holdings Exco.
Oversee accounts receivable and payable functions across multiple cost centres.
Monitor daily cash flow and manage liquidity to optimize interest earnings and ensure regulatory compliance.
Maintain capital adequacy in accordance with CISCA and FSCA regulations.

Budgeting & Cost Management

Lead the preparation of budgets and forecasts for income, management expenses, flows, and assets under administration.

Conduct variance analysis and facilitate regular reviews with cost centre managers.

Perform cost driver analysis and impact assessments to inform financial strategy.

Asset Reporting

Prepare asset allocation reports and regulatory submissions including SAM, Statistics South Africa, and ASISA.

Compile bi‑annual IFRS 7 disclosures for consolidated Unit Trusts.

Process Improvement

Provide direct support to the Divisional Manager and CFO.

Drive enhancements to financial procedures and reporting processes.

Collaborate with internal and external auditors to ensure transparency and compliance.

Personal Attributes and Skills

Strong accounting knowledge and numerical & verbal reasoning skills.

Critical thinking and analysis skills.

Integrity, honesty, and reliability.

Highly motivated self‑starter who takes initiative.

Ability to manage deadlines, organise workflow, and lead a mature team.

Strong communication skills, both verbal and written.

Knowledge of investment and long‑term insurance products, accounting, and regulation.

Education and Experience

CA(SA) – BCom Hons accounting + completed articles + board exams.

2+ years post‑articles experience in accounting / audit role.

Advanced computer literacy & MS Excel.

Financial services experience (insurance, investment life insurance or banking).

Knowledge of IFRS 17 is advantageous.

Employment Equity

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

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Team Leader • Gauteng, South Africa