IFRS 17 Reporting Lead for Insurance

Network Recruitment; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Network Recruitment is seeking a qualified CA(SA) with strong IFRS 17 reporting experience to oversee IFRS 17 financial reporting and ensure accurate alignment between actuarial results, financial systems and the General Ledger.

You will interpret financial movements, challenge actuarial outputs and clearly communicate implications to senior management while partnering with actuarial teams on methodology and assumptions.

Qualifications

• CA(SA) qualification is essential.
• Strong hands-on IFRS 17 financial reporting experience.
• Experience within the insurance or life insurance industry.
• Demonstrated experience working closely with actuarial teams on IFRS 17 reporting.
• Strong understanding of IFRS 17 measurement and reporting requirements, including CSM, LRC, LIC, Risk Adjustment and fulfilment cash flows.
• Experience reviewing actuarial results and translating them into accounting entries and financial statement impacts.
• Strong General Ledger integration, reconciliation and financial reporting experience.
• Experience preparing or reviewing financial statements, technical accounting disclosures and management reports.
• Ability to investigate and explain complex financial movements.
• Strong analytical, problem-solving and stakeholder management skills.
• Experience with financial reporting systems and process improvements.

Responsibilities

• Lead and oversee IFRS 17 financial reporting processes, ensuring accuracy, completeness and compliance with applicable accounting requirements.
• Review IFRS 17 results, journals, disclosures and financial statement impacts.
• Analyze movements in Contractual Service Margin (CSM), Liability for Remaining Coverage (LRC), Liability for Incurred Claims (LIC), Risk Adjustment and fulfilment cash flows.
• Investigate significant movements in insurance revenue, insurance service results, insurance finance income and expenses, and reinsurance contracts.
• Ensure IFRS 17 results are accurately reflected in the General Ledger and financial statements.
• Review reporting outputs and ensure consistency across financial reporting systems and supporting schedules.
• Work closely with actuarial teams to understand, interpret and challenge IFRS 17 calculations, assumptions, methodologies and movements.
• Assess the financial reporting implications of actuarial valuations and changes in assumptions.
• Investigate discrepancies between actuarial outputs, IFRS 17 calculation systems and financial records.
• Ensure actuarial results are appropriately translated into accounting entries and financial statement disclosures.
• Facilitate the resolution of technical reporting differences between Finance and Actuarial.
• Communicate significant movements, risks and reporting implications to senior management.
• Oversee reconciliations between actuarial systems, IFRS 17 sub-ledgers and the General Ledger.
• Maintain appropriate financial reporting controls, supporting documentation and audit trails.
• Identify reporting gaps, investigate discrepancies and implement corrective actions.
• Support internal and external audits, including responding to technical IFRS 17 queries.
• Ensure the integrity and consistency of financial information throughout the reporting process.
• Contribute to monthly, quarterly and annual financial reporting processes.
• Prepare and review IFRS 17-related management reports, financial statements and disclosures.
• Support regulatory reporting requirements and ensure consistency between financial and regulatory information.
• Analyze financial results and provide meaningful explanations of key movements to senior stakeholders.
• Support reporting improvements, process automation and enhancements to financial systems.
• Provide technical guidance and oversight to finance reporting professionals.
• Strengthen reporting procedures, review processes and internal controls.
• Identify opportunities to improve reporting efficiency, data quality and system integration.
• Collaborate with Finance, Actuarial, IT and other relevant stakeholders to resolve reporting challenges.

Skills

IFRS 17 reporting

Financial reporting

Actuarial collaboration

Stakeholder management

General Ledger

Financial systems

Process improvement

Education

CA(SA)

Tools

IFRS 17 systems

ERP systems

Job description

Network Recruitment is seeking a qualified CA(SA) with strong IFRS 17 reporting experience to oversee IFRS 17 financial reporting and ensure accurate alignment between actuarial results, financial systems and the General Ledger.

You will interpret financial movements, challenge actuarial outputs and clearly communicate implications to senior management while partnering with actuarial teams on methodology and assumptions.