| JOB NAME |
LBIC Accountant ( 6 months - FTC ) [Centurion]
POSTED BY: Land & Agricultural Development Bank
REF:LBAF 2063
Date Published:Thursday, February 13, 2025
Date of Expiration:Tuesday, August 12, 2025
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| LOCATION OF THIS JOB |
 South Africa | CENTURION in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Contract |
| MAIN JOB DESCRIPTION |
Closing Date 2025/02/19
Reference Number LAN250213-3
Division Land Bank Insurance Company
Unit LBIC
Job Type Classification Contract
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
(Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
1. To ensure complete and accurate processing of financial transactions.
2. To prepare the monthly recons on the Land Bank Insurance balance sheet accounts, process various journals where necessary, and assist with management reporting.
3. To provide relevant stakeholders with accurate and complete information for reporting and decision making purposes, supporting the accurate compilation of Financial reports
KEY PERFORMANCE AREAS
General Ledger Reconciliations
1. Monthly balance sheet recons
2. Process various journals
3. Assist with queries on annual audit/Internal Audit
Bank Account and Administration
1. Ensures compliance of all legal documentation for all relevant Commercial Bank Accounts.
2. Assists in opening and closing of bank accounts.
3. Analyses commercial bank statements daily.
4. Identifies all debit orders and processes journals to relevant SAP general ledger accounts.
5. Investigates any unidentified entries on bank statements and escalates when necessary.
6. Performs the clearing of the general legder sub-bank accounts daily.
7. Performs the monthly bank reconciliations
8. File the recons and supporting documents for audit purposes
Financial Reporting
1. Opex/Capex budget and reporting
2. Monthly/Quarterly/Statutory reporting
Investment, Insurance & Reinsurance Accounting
1. Investment accounting
2. Premium accounting
3. Claims accounting
4. Reinsurance premium accounting
5. Reinsurance claims accounting
Ensure Adherence to Financial Processes, Procedures and Policies
1. Review and updating processes, policies and procedures on a continuous basis
2. Adapt the Bank’s accounting policies in line with the changing environment- IFRS, PFMA, NCA and the Land Bank Act.
3. Evaluate and improve internal controls.
4. Develop and maintain an accounting manual
5. Review to ensure internal controls and processes are in place
6. Recommend any improvements.
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| REQUIREMENTS FOR THIS JOB |
PREFERRED MINIMUM EDUCATION AND EXPERIENCE
1. BCom Accounting
2. 3-5 years experience in General Ledger recons
3. 3-5 years experience in Insurance accounting with exposure to reinsurance treaties
CRITICAL COMPETENCIES
1. General Ledger Recons
2. Investment Accounting
3. Insurance Accounting
4. Reinsurance Accounting
5. Knowledge / Experience SAP/ Financial Systems
6. Budgeting
7. Microsoft Office
ADDITIONAL REQUIREMENTS
1. Travel as and when required
2. Extended hours as and when required
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English 
FRENCH
