Financial Services Advisory - Technical Accounting Insurance_ Senior Manager at Deloitte

Responsibilities include:

• Supporting the development and implementation of the insurance strategy within Financial Services Advisory. This strategy is targeted at Tier 1 and Tier 2 insurers and requires a level of competence in the areas of insurance process accounting, IFRS 17, SAM, SC&E and regulatory reporting.
• Delivering on the following service offerings to clients within the competencies listed below, with a specific focus on the Insurance Finance Reporting process: 

IFRS 17 Technical Accounting and Financial Reporting Advisory

• Business impact assessments and gap analyses
• Technical accounting opinions and advice
• Development of financial reporting templates, financial statements and general ledger configurations
• Development of stakeholder communication
• Secondments to clients to support their IFRS 17, regulatory reporting and/or SAM processes
• Leading implementation projects to embed IFRS 17 reporting into business as usual.

Financial Reporting Remediation and Transformation

• IFRS 17 implementation and financial reporting transformation projects, supported by the Deloitte Risk Advisory, Actuarial & Insurance Solutions, Human Capital and Tax divisions.
• Redesigning of the finance function.
• Working with Deloitte Consulting to define the finance strategy as well as designing and implementing changes to the finance processes and policies in Insurers
• Developing expertise in other International Financial Reporting Standards that impact insurers, including IFRS 9, IFRS 13, IFRS 15 and IFRS 18.

Training and Engagement management

• Preparing and delivering of training material to internal and external stakeholders.
• Actively supporting in identifying sales opportunities in the insurance market and contributing to the preparation of proposals/tenders and presentations for these clients.
• Identifying innovative solutions on projects / engagements to enhance / renew service offerings to client.
• Contributing to thought leadership and sharing of knowledge and expertise with clients, colleagues and teams.
• Managing client engagements and maintaining oversight of all engagements / projects within sphere of responsibility.
• Acting as a coach/mentor in developing team members and counselees on an ongoing basis.
• Empowering team through appropriate delegation of work.

Qualifications

Qualifications / Experience required

• Qualified CA’s / Senior Manager with 3 to 4 years’ post articles experience from a Big 4 Professional services firm or currently be working at an Insurer.
• Must have prior Insurance Industry experience and be interested in implementing new accounting standards like IFRS17
• Must have current technical accounting experience
• Must be willing to invest time to skill up to be able to implement once training has been provided
• Prior involvement in implementing a new accounting standard such as IFRS 9, 15 or 16 will be advantageous