Our client, a market leader in the insurance sector, is seeking a Head: Quantitative Financial Reporting to oversee the end-to-end IFRS 17. This is a pivotal leadership role combining actuarial expertise, financial reporting, and cross-functional collaboration with finance, balance sheet management, audit, and external stakeholders.
This role requires a highly analytical and experienced actuarial leader to drive IFRS 17 delivery, ensure regulatory compliance, and support strategic financial decision-making across the group.
IFRS 17 Reporting and Governance
- Lead the development, delivery, and enhancement of IFRS 17 reporting processes, systems, and standards.
- Drive the quarterly, bi-annual, and annual reporting cycles for Guardrisk Life and its international counterpart.
- Ensure accurate modeling, disclosure, and compliance in financial statements.
- Liaise with external auditors for sign-off and regulatory alignment.
- Oversee actuarial data integration and system inputs across Prophet, Aptitude, and SQL.
Strategic and Cross-Functional Collaboration
- Provide insights on IFRS 17 impact across financial planning, new business, and acquisition initiatives.
- Lead submissions to audit and actuarial committees at Guardrisk and Momentum Group levels.
- Collaborate with Finance, Data, and Balance Sheet Management teams to improve workflows and reduce manual processing.
- Contribute to the group’s policy development, risk governance, and compliance execution.
Leadership and Team Development
- Manage a small team of senior actuarial analysts.
- Drive talent development, performance management, and knowledge transfer.
- Cultivate a high-performance team culture focused on innovation, accountability, and excellence.
- Lead hiring efforts and foster diversity, equity, and inclusion in the workplace.
Process Improvement and Automation
- Enhance IFRS 17 automation and process efficiency using system-driven solutions.
- Monitor and improve reporting tools and controls.
- Identify areas for risk mitigation and continuous improvement.
- Support strategic investments in tools and actuarial systems.
Stakeholder Engagement
- Communicate complex actuarial and financial information to executive leadership, regulators, and clients.
- Build and maintain trusted relationships across Guardrisk and Momentum stakeholder networks.
- Guide client-facing teams on IFRS 17 implications and reporting transparency.
Requirements
Minimum Qualifications
- Bachelor’s degree in Actuarial Science.
- Fellow of the Actuarial Society of South Africa (FASSA).
- 5 to 10 years in life insurance reporting.
- 3+ years of people management experience.
- Proven IFRS 17 implementation and reporting expertise.
- Strong actuarial modeling experience (Prophet, Aptitude, SQL).
- Familiarity with regulatory and group consolidation reporting.
Core Competencies
- Leadership and strategic thinking.
- Strong analytical, modeling, and communication skills.
- Ability to navigate ambiguity and complexity in financial frameworks.
- Resilience and adaptability in a fast-paced environment.
- Stakeholder influence and collaboration.