IFRS 17 Reporting Manager

Network Recruitment; Johannesburg; In loco; ZAR 1.000.000 - 2.000.000; Tempo pieno

Descrizione del lavoro

Network Recruitment is seeking a CA(SA) with strong IFRS 17 experience to lead the group’s IFRS 17 financial reporting and collaborate closely with actuarial teams. You will oversee reconciliations between actuarial systems, sub-ledgers and the General Ledger, ensuring robust controls and audit readiness.

The role requires deep knowledge of IFRS 17 measurement, disclosures, and reporting, with a track record of translating actuarial results into accounting entries and financial statements.

Competenze

• CA(SA) qualification is essential.
• Strong hands-on IFRS 17 financial reporting experience.
• Experience in the insurance or life insurance industry.
• Experience collaborating with actuarial teams on IFRS 17 reporting.

Mansioni

• Lead and oversee IFRS 17 financial reporting processes, ensuring accuracy and compliance. Review IFRS 17 results, journals, disclosures and financial statement impacts.
• Work closely with actuarial teams to interpret IFRS 17 calculations and movements and translate results into accounting entries.
• Oversee reconciliations between actuarial systems, IFRS 17 sub-ledgers and the General Ledger; support audits and internal controls.
• Contribute to monthly, quarterly and annual financial reporting processes and regulatory disclosures.
• Provide technical guidance to finance reporting professionals and drive process improvements across finance, actuarial and IT stakeholders.

Conoscenze

IFRS 17 reporting

Stakeholder management

Analytical thinking

Process improvement

Team leadership

Formazione

CA(SA) qualification

Descrizione del lavoro

Key Responsibilities

IFRS 17 Financial Reporting

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.

Actuarial Collaboration and Analysis

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.

Financial Control and Reconciliations

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.

Regulatory and Management Reporting

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.

Team Leadership and Process Improvement

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.

Job Experience and Skills Required

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.