IFRS 17 Reporting Manager

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.

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