Jobs Open 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

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Job Description

• To support FS Advisory Credit Risk Team in delivery of services to / at client premises on delegated engagements and projects. 

Qualifications

Minimum Qualifications and Experience required:     

• Undergraduate degree specializing in one or more of the following disciplines: Statistics, Mathematics, Financial Engineering, Actuarial Science, Engineering, Economics or Econometrics
• At least 3 years of relevant work experience in banking, financial services consulting, or similar environment
• Fundamental credit risk modelling capabilities including predictive modelling techniques
• Basic understanding of the credit lifecycle, model risk management, Basel III regulations and the IFRS 9 standard
• Computer literacy:  MS Word, Excel, and PowerPoint
• Coding skills: SAS, SAS (Enterprise Guide), R, and/or Python
• Personal aptitudes: Reliable, diligent, accountable, teachable, collaborative, attentive to detail

Roles & Responsibilities

• Development and calibration of credit risk models
• Model validation, monitoring, and testing
• Benchmarking credit metrics amongst peers in a market
• Derivation of portfolio credit analytics
• Review of client deliverables to ensure quality, accuracy, and completeness
• Communication of project challenges and outcomes with clients and team members
• Drafting of project reports
• Sharing of knowledge and skills with colleagues

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Key Responsibilities

• Building and reviewing derivative valuation models.
• Take initiative in identifying and implementing process improvement where required.
• Problem solving.
• Issue resolution: technical (quantitative) and engagement related queries.
• Knowledge sharing and team guidance.
• Manage and oversee client relationships, fees and budgets.
• Responsible for managing client delivery teams and overseeing their work.
• Communicate upward and downward feedback on technical matters around IFRS or derivative valuations.
• Assist in growing the profitability of the team and service offering.
• Mentor and coach junior staff.
• Project management on multiple clients across multiple industries with a focus on banking.
• Research relevant industry topics.

Qualifications

Skills and Experience Required

• Degree qualified in either Maths/ Stats/ Actuarial
• Experience in Matlab an advantage.
• Experience in VBA an advantage.
• Strong MS Excel skills.
• MS Word.
• MS PowerPoint.
• Good knowledge of accounting standards an advantage.
• At least 4 - 6 years of practical experience and knowledge of the financial markets, with knowledge of the application of mathematics of finance.
• Banking industry experience an advantage

 Key Competencies required:

• Practical knowledge and experience with pricing of vanilla and exotic derivative instruments in a risk neutral framework is required.
• Understanding and practical computational experience of of CVA, DVA, FVA and other xVAs where relevant is required.
• Pricing of equity options falling within the ambient of BEE and share scheme transactions (IFRS 2).