Job Description
About the Role
Hire Resolve is pleased to present an exciting opportunity for a Group Finance Manager with IFRS 17 experience to join their team of industry experts. A leading Insurance company based in Johannesburg is seeking a seasoned professional to oversee the entire finance function, responsible for budgeting/accounting (in line with IFRS) as well as profit allocation and all related reporting.
Key Responsibilities
- Approve all General Ledger entries for the IAA trial balance and non-standard reversing journals as and when needed
- Approve General Ledger reconciliations
- Take full responsibility for the IFRS 17 accounting and reporting design including General Ledger, reconciliations, Management accounts, and Journal entries bridge from BAU to IFRS 17
- Analyse data and ensure completeness and accuracy of data received from Operational Finance to process the General Ledger entries
- Oversee the preparation of the annual budget of Premiums, Claims and Commission liaising with the Head of Actuarial for key assumptions, and ensuring the accuracy of the Budget model used.
- Responsible for Premiums, Claims and Commission input in the preparation of the Annual Financial Statements.
Requirements
- At least 5 years of working experience in a similar role
- Experience in financial reporting
- Experience in a financial services industry long-term insurance is preferable
- Good technical accounting knowledge of IFRS
- Is adept in the use of the latest MS Office package, particularly Excel, Word and Power-point
- Qualified CA(SA)
Salary & Benefits
Salary: negotiable. Our client is offering a highly competitive salary for this role based on experience.
[NO Qualifications section because no formal education mentioned]
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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