Sasria Finance 2018 Internship Opportunity Programme

Sasria Finance 2018 Internship Opportunity Programme

Sasria, a state-owned company, is the only short-term insurer in South Africa that provides affordable
voluntary cover against special risks such as civil commotion, public disorder, strikes, riots and terrorism to any individual, business, government or corporate entity that has assets in South Africa.

Sasria has a dual mandate – legislative mandate that directs our day-to-day business operations, and
a broader strategic mandate, like any other business in South Africa, to make a positive contribution to transforming our industry and our country, in order to make our country a better place for all her people.
“To protect the assets of all South African against extraordinary risks”Position Title: Finance Intern – 2 year Fixed term Contract.

The vision will be achieved via our mission of driving sustainable and vibrant business by:
 Balancing shareholder value creation with having a positive social impact;
 Providing excellent customer service;
 Being clear and consistent in our communication;
 Developing the skills and capacity of own employees;
 Improving our current strategic current strategic partnerships, and establish new ones; and
 Providing innovative and relevant products;
Core Values
The following values underpin Sasria’s pursuit of its stated vision and mission:
• Professionalism we will treat our stakeholders – i.e. customers, employees and shareholders – with respect and dedication while remaining accountable to them;
• Integrity we will conduct ourselves in a manner that is fair, transparent and ethical, and uphold high levels of equality and trust;
• Teamwork – in the performance of our tasks we will be guided by the ideals of unity of purpose,
cooperation and mutual respect;
• Innovation we will create opportunities for creativity and learning and encourage same amongst our employees; and
• Customer Centricity We strive to meet and exceed our customer’s expectations.

Job summary statement/purpose
Supports finance function by collecting, analyzing, investigating, and reporting financial data.
Upon completion of the programme the graduate would have acquired the following skills:
1. Fixed Asset management
 Reviewing and preparing Fixed Asset Additions and Disposals on monthly basis
 Ensure procedures are followed in respect of the Fixed Asset policy.
 Ensuring for the proper recording of fixed assets per asset classes;
 Perform the monthly Depreciation run and perform monthly Fixed Asset Reconciliation.

2. General bookkeeping
 Verifies, allocates and posts details of business transactions in journals
 Posts, checks and proof entries to general ledger and accounts within the stipulated financial policies
 Review invoices on Fraxion and posting invoices processed to GP within the stipulated timeframe.
 Prepares, invoices, , reconciles accounts and verifies for accuracy
 Compiles reports to show statistics such as cash receipts and expenditures, accounts received and payable and reviews for accuracy
 Attend to any other related queries
 Inputting Annexures into the system and reconciling and reviewing differences to payments.

Recalculation of commissions
 Reconciliations of all balance sheet accounts
 Accounting for debit orders
 Cash book recons and reviews
3. Claims Support
 Review and process Salvage Invoices
 Attend to any other claims related queries
 Claims reconciliations
4. General financial accounting
 Journals: verifies, allocates and posts details of business transactions in journals
 Prepare monthly expenditure reports for departments
 Compare Actual monthly results with Budget and obtain reasons for variance
 Responds to financial enquiries by gathering, analysing, summarising, and interpreting data
 Provides financial advice by studying operational issues; applying financial principles and practices; developing recommendations
Prepares special reports by studying variances; preparing budgets; developing forecasts
5. Investment Administration
 Receive monthly investment statements from Investment Managers
 Reconciliation between custodian and the asset manager report
 Process and reconcile on Excel Investment Workings
 Analyse investment results and prepare graphs per Asset Manager
6. Financial Reporting
External audit:
 Preparation of external audit requirements
 Monthly, Quarterly, annual reporting for management, committees, FSB, National Treasury, Tax / vat
 Assist with the calculation of monthly VAT and reconciliation
 Assist with the annual taxation calculation Adhoc Duties
 Participates as needed in division-wide initiatives by contributing expertise and knowledge within own area of responsibility. Provides backup assistance to other members of the finance team as required.
 Perform any reasonable task as and when required by the Line Manager

 Analytical
 Detail oriented
 Assertive
 Business ethics, integrity and corporate governance
 Logical
 Of sound judgement
 Diplomatic
 Resilience and ability to deal with change
 Cultural sensitivity
 Work ethics
 Completed Diploma in Accounting / Bookkeeping OR Completed Bcom Accounting Degree.
 Sound knowledge of International Financial Reporting Standards IFRS, and Insurance Regulations
 Good understanding of Government related acts (PMFA)
Skills and Competencies
Technical Skills
 Good problem solving and analytical
 Excellent planning and organising Excellent time management
 Interpersonal and communication
 MS Office and accounting systems
 General Bookkeeping ( Fixed Assets, creditors, general ledger, journals, financial transactions & processing)
Behavioral skills
 Good problem solving and negotiating skills
 Good written and verbal communication skills
 Basic research and investigations skills.
 Good presentation skills.
 Self-motivated and deadline driven
 Team player
 Maintain confidentiality
 Ability to work under pressure
 Attention to detail
 Intellectual Ability
 Numerical Reasoning
 Integrity
 Professionalism
 Customer Centric
 Honesty
Demographics A South African citizen of any gender, preference will be given to an EE candidate
The role will be located in Illovo, Johannesburg
CLOSING DATE: 16 February 2018


Sasria is committed to diversifying its staff profile in terms of its transformation agenda and encourages candidates from previously disadvantaged backgrounds to apply. Sasria will respond to short listed candidates. Candidates who have not been contacted within 4 weeks of the closing date can assume that their application has been unsuccessful.