Senior Accountant - OUTsurance Life

We are looking for a qualified Chartered Accountant CA(SA) who wishes to build a career within the Finance department specialising in long-term insurance. The role is for a strong Life insurance accountant to work with and support the Financial Manager for OUTsurance Life in executing on the core accounting functions for the entity. The Senior Accountant role, to which this job description relates, works alongside a further accountant for OUTsurance Life.ResponsibilitiesPerform the full accounting and month-end function for OUTsurance Life. This entails the posting of journals, performance of reconciliations, review of the financial results and trial balance to ensure accuracy of the entries posted amongst other functions. The A more detailed overview of the responsibilities are provided below:Contribute to maintenance of IFRS 17 related accounting processes in close collaboration with the Corporate Actuarial team and Financial Manager of OUTsurance Life;Maintain accurate and up-to-date financial records related to life insurance policies, premiums, claims, and other transactions, ensuring alignment with IFRS 17 requirements.Process financial transactions according to IFRS 17 guidelines, including premium payments, policy modifications, and claims pay-outs, while accurately classifying and measuring them.Prepare and present financial reports, statements, and disclosures compliant with IFRS 17 regulations. Communicate the impact of IFRS 17 changes on financial statements to internal stakeholders, management, and regulatory authorities.Analyse data to determine the impact of IFRS 17 on financial results, highlighting key insights and trends to support decision-making.Reconcile financial records to ensure accuracy and consistency between the IFRS 17 reporting and underlying transaction data.Collaborate closely with cross-functional teams including actuaries, IT professionals, underwriters, and external auditors to ensure a unified and compliant approach to IFRS 17.Provide necessary data, documentation, and explanations to auditors during internal and external audits specifically related to IFRS 17.Apply IFRS 17 principles to calculate and maintain reserves for life insurance policies, ensuring compliance with regulatory requirements.Identify opportunities to improve processes related to IFRS 17 reporting, data collection, and transaction processing.Educate and train relevant stakeholders within the organization about IFRS 17 changes, ensuring a clear understanding of the new accounting requirements.Complete the relevant financial disclosures and financial statements for the entity during the respective reporting cycles.Be the main point of contact to receive and resolve audit queries for the entity during reporting cycles.Take full responsibility for the accounting for OUTsurance Life, in partnership with the Financial Manager for OUTsurance Life.The candidate will report to the Financial Manager for OUTsurance Life