IFRS 17 Reporting Manager

Network Finance; Randburg; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Network Finance in Randburg is seeking a senior finance professional to lead IFRS 17 financial reporting for a major insurer. The role focuses on accuracy, governance and robust disclosures. You will collaborate with actuarial teams to interpret assumptions, manage CS M, LRC, LIC movements, and ensure seamless integration with the General Ledger.

Strong leadership and stakeholder engagement are essential. The ideal candidate holds a CA(SA), with proven IFRS 17 experience in insurance and a track

Qualifications

• CA(SA) qualification is essential.
• Strong hands-on IFRS 17 financial reporting experience.
• Experience in the insurance or life insurance industry.
• Ability to translate actuarial results into accounting entries.
• Collaborates effectively with actuarial, IT and finance teams.

Responsibilities

• Lead IFRS 17 reporting processes and ensure compliance.
• Review IFRS 17 results, journals and disclosures.
• Analyze CS M, LRC, LIC and related cash flows movements.
• Collaborate with actuarial teams to interpret calculations.
• Oversee reconciliations between actuarial systems, sub-ledgers and GL.
• Prepare management and regulatory IFRS 17 reports.
• Provide leadership to finance reporting professionals.

Skills

CA(SA) qualification

IFRS 17 reporting

Insurance industry experience

Actuarial collaboration

Financial statement analysis

Education

CA(SA) qualification

Job description

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.