Thomas Klitsie
Chartered Accountant CA(SA)
Munich
Summary
Dynamic and results-driven Chartered Accountant with over 5 years of experience in the insurance and financial services industry, specializing in Property & Casualty (P/C) insurance and reinsurance. Proven track record of leading high-performing teams, optimizing financial operations, and ensuring compliance with international accounting standards (IFRS/GAAP). Expert in financial reporting, performance analysis, and risk management, with a demonstrated ability to align accounting strategies with broader business objectives. Strong analytical and problem-solving skills, adept at streamlining processes and driving efficiency improvements. A trusted leader with a strategic mindset and a focus on stakeholder management, operational excellence, and driving profitability
Overview
15
15
years of professional experience
7
7
years of post-secondary education
1
1
Certification
Work History
Senior Accounting Expert
Allianz SE (Group)
5 2021 - Current
- Driving Segment Performance: Led responsibility for the Property & Casualty segment of the Group, including analysis and summary of business performance, oversight of significant transactions, chart of accounts, and presenting results to the Group CFO.
- Ensuring Compliance & Efficiency: Managed accounting coverage for two large German business units, ensuring deadline compliance, analyzing special transactions, and resolving issues efficiently.
- Streamlining Reporting Systems: Oversaw Group's reporting system for performance by business division, ensuring accurate and timely reporting.
- Fostering Cross-Functional Solutions: Supported cross-functional relationships to identify and resolve issues discovered during report and data analysis.
- Ensuring Audit Compliance: Directed external and internal audit compliance on specific topics, ensuring full adherence to regulatory and internal standards.
- Leading Group-Wide Initiatives: Project managed two Group-wide initiatives, coordinating with multiple business units and adhering to tight deadlines.
Financial Accounting Expert
Allianz Global Corporate & Specialty (AGCS)
05.2016 - 04.2021
- Delivering Key Financial Results: Oversaw AGCS SE's quarterly financial deliverables for Financial Reporting Disclosure Committee, ensuring compliance with IFRS and Solvency II standards for Allianz Group.
- Leading Global Accounting Projects: Project managed two global AGCS initiatives to enhance accounting processes and reporting, including a project that significantly improved balance sheet quality and internal controls.
- Managing Cross-Border Teams: Supervised two near-shore colleagues in Romania, ensuring alignment with organizational goals and maintaining high-performance standards.
- Driving P&L Oversight: Tracked monthly financial progress by compiling global P&L reports for various internal stakeholders, managing both technical and non-technical insurance areas.
- Ensuring Subsidiary Financial Accuracy: Directed financial operations for three subsidiaries, publishing annual financial statements, verifying corporate income tax returns, and ensuring accurate bookings.
- Senior Audit Liaison: Acted as senior point of contact for external auditors, ensuring smooth coordination and accurate financial representation.
- Executive-Level Reporting: Prepared high-level documents, reports, and presentations for executives and board members, leveraging advanced software proficiencies to ensure clear and actionable insights.
Assistant Manager
KPMG UK & KPMG Germany
02.2013 - 04.2016
- Leading Audit Engagements: Managed audit engagements for FTSE 250 listed clients, overseeing teams of up to six, ensuring timely and accurate completion of audits.
- Strategic Audit Planning: Planned and executed risk-based audit approaches by analyzing financial information and addressing risks in compliance with regulatory requirements.
- Delivering Complex Audit Solutions: Completed complex audit sections and IFRS disclosure compliance checklists, ensuring full adherence to international standards.
- Driving IFRS Improvements: Gathered and analyzed financial data to recommend IFRS improvements within Accounting Advisory Services, enhancing financial reporting quality.
- Identifying and Mitigating Control Gaps: Conducted in-depth assessments to identify control gaps in processes, procedures, and systems, providing actionable recommendations for improvement.
- Client-Focused Communication: Interviewed business owners, explained audit scope, and conducted exit interviews to clearly communicate audit findings and ensure alignment with client expectations.
Audit Supervisor
KPMG South Africa
01.2010 - 01.2013
- Coordination of audit training programs
- Involvement in resolving technical audit and accounting issues with clients.
- Experience in planning, execution and closing of audit engagements.
- Supervision of audit teams of up to 4 people.
Education
MBA - Executive MBA
European School of Management And Technology(ESMT)
Berlin, Germany 10.2022 - 04.2024
Bachelor of Commerce - Honours in Accounting
Nelson Mandela Metropolitan University
South Africa 01.2004 - 12.2009
Skills
Financial Reporting & Analysis
Consolidations & Group Reporting
SAP/ERP Systems and Excel
Team & Project Management
Financial Presentation & Stakeholder Communication
Efficiency Improvements
Certification
ACCA - Association of Chartered Certified Accountants
Accomplishments
- Led a global project for the implementation of Reconciliation software within Allianz.
- Completed for the Allianz Navigator Program and Allianz Talent Mentoring Program.
Languages
English
Bilingual or Proficient (C2)
German
Advanced (C1)
Dutch
Intermediate (B1)
Timeline
MBA - Executive MBA
European School of Management And Technology(ESMT)
10.2022 - 04.2024
Financial Accounting Expert
Allianz Global Corporate & Specialty (AGCS)
05.2016 - 04.2021
ACCA - Association of Chartered Certified Accountants
04-2013
Assistant Manager
KPMG UK & KPMG Germany
02.2013 - 04.2016
Audit Supervisor
KPMG South Africa
01.2010 - 01.2013
Bachelor of Commerce - Honours in Accounting
Nelson Mandela Metropolitan University
01.2004 - 12.2009
Senior Accounting Expert
Allianz SE (Group)
5 2021 - Current
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