CAREER GUIDE MANUAL - Inseta

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203.4.4 EmploymentAlthough insurance companies employ a substantial proportion of actuaries,many actuaries are self-employed or work for specialised actuarial firms thatprovide consultancy services to the insurance industry as well as to otherclients.4.4 ACCOUNTANT 54.4.1 Nature of workAccountants use their numerical, analytical, statistical and management skillsto maintain reliable accounting and financial systems and to advisebusinesses on a variety of financial matters.An accountant analyses and evaluates the financial information of a businessand communicates the findings to management so that management canmake informed business decisions. Typically, accountants are required toprepare company budgets and financial statements, monitor cash flow andoperational costs, and oversee financial investments, risk management anddebt collection. Accountants also ensure that companies comply with industryand legal requirements in financial reporting. Accountants often specialise ina particular field of accountancy such as pure accounting, financialaccounting, taxation, internal auditing, and cost and managementaccounting.Accountants in the insurance industry report on premium income, claimsexpenditure paid, taxation and company expenditure so that managementmay keep track of the company's financial position. Accountants with higherlevel qualifications are often members of the senior management team whileother accountants oversee the work of accounting technicians and accountingofficers.4.4.2 Personal requirementsAccountants shouldhave integrity and be trustworthy;be proficient in mathematics;5Information relating to this career was sourced from www.careers.co.za; www.kiwicareers.gov.nz;www.cfa-sa.co.za; www.acca.org.za; www.fasset.org.za.
21be able to work accurately and undertake detailed work;have strong analytical skills to consider and compare facts andfigures quickly;be able to use computer software to perform a variety of tasks andfunctions;be able to communicate effectively verbally and in writing;have sound judgement and good decision-making skills;be able to work well in a team.4.4.3 Education and traininga) Entry requirementsA Senior Certificate with matriculation exemption is required to enteran undergraduate programme. Mathematics and English arecompulsory subjects while accounting, economics and businesseconomics at Grade 12 level are recommended subjects.b) Undergraduate training programmesThe training of an accountant starts with an undergraduate course inaccounting. The following relevant courses are offered by SouthAfrican universities, universities of technology and private institutions.QUALIFICATIONBAccountingBAccountingBAccountingBAccountingBAccountingBAccountingBAccounting ScienceBAccounting, LLBBBusiness and Commerce AccountingBBusiness Science Extended ProgrammeBBusiness Science Management StudiesBCom (UNISA)BCom AccountingBCom AccountingBCom AccountingBCom AccountingBCom AccountingBCom AccountingBCom AccountingINSTITUTIONRhodes UniversityStellenbosch UniversityUniversity of Fort HareUniversity of KwaZulu-NatalUniversity of the WitwatersrandWalter Sisulu UniversityUniversity of South Africa (UNISA)Stellenbosch UniversityMonash South AfricaUniversity of Cape TownUniversity of Cape TownBoston City Campus and BusinessCollegeDamelin Education GroupMidrand Graduate InstituteNorth-West UniversityRhodes UniversityUniversity of Fort HareUniversity of JohannesburgUniversity of KwaZulu-Natal
Page 1: CAREER GUIDEMANUAL
Page 5 and 6: C O N T E N T S1 ABOUT THE INSURANC
Page 8 and 9: 2positions may work longer hours. T
Page 11 and 12: 5What am I interested in?What activ
Page 14 and 15: 38CAREERS IN INSURANCEThe insurance
Page 16 and 17: 10Public relations and communicatio
Page 19 and 20: 13understand and interpret financia
Page 21: 15natural disasters, fire and theft
Page 28 and 29: 22QUALIFICATIONBCom AccountingBCom
Page 30: 24QUALIFICATIONNDip Cost and Manage
Page 33 and 34: 27viability of the business to be a
Page 35: 29Part 1 of the Professional Examin
Page 40 and 41: 34A portfolio manager needs to have
Page 43 and 44: 37QUALIFICATIONSINSTITUTIONBComm In
Page 45 and 46: 39QUALIFICATIONSNCert: N4 -N6 Infor
Page 48 and 49: 42Software engineering or computer
Page 50: 44encourage software developers to
Page 54 and 55: 485.3 WHAT IS EXPECTED OF AN EMPLOY
Page 56 and 57: 50Long Term Claims AssessorNational
Page 58 and 59: NOTES
Page 60: For more information, contact us:In

CAREER GUIDE MANUAL - Inseta

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