ARAS: Insurance Finance Reporting Advisory - Senior Consultant at Deloitte

Sandton, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

28 Jan, 26

Salary

0.0

Posted On

30 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Insurance Finance Accounting, IFRS 17, Regulatory Reporting, Project Management, Technical Accounting, Financial Reporting, Stakeholder Communication, Audit Readiness, Process Mapping, Finance Transformation, Client Engagement, Mentorship, Problem Solving, Communication Skills, Interpersonal Skills, Business Acumen

Industry

Business Consulting and Services

Description

Company Description At Deloitte, our Purpose is to make an impact that matters for our clients, our people, and society. This is the lens for which our global strategy is set. It unites Deloitte professionals across geographies, businesses, and skills. It makes us better at what we do and how we do it. It enables us to deliver on our promises to stakeholders, while creating the lasting impact we seek. Harnessing the talent of 450,000+ people located across more than 150 countries and territories, our size and scale puts us in a unique position to help change the world for the better—by bringing together the services we provide, the societal investments we make, and the collaborations we advance through our ecosystems. Deloitte offers career opportunities across Audit & Assurance (A&A), Tax & Legal (T&L) and our Consulting services business, which is made up of Strategy, Risk & Transactions Advisory (SR&T) and Technology & Transformation (T&T). Are you ready to apply your knowledge and background to exciting new challenges? From learning to leadership, this is your chance to take your career to the next level. About ARAS: Our Services go beyond merely meeting statutory requirements. We help our clients perform better and achieve their business objectives through active problem solving. We listen to their needs, think about the business implications and tailor our approach accordingly. In today's changing global economy, businesses need trusted advisors. Because ARAS professionals at Deloitte take the time to understand our clients' business as well as the industries in which they operate, we can help them identify major risks and opportunities over and above performance of the traditional financial reporting function. Our aspiration is to be the strategic advisor to finance leaders, delivering innovative solutions to enable the future of finance, and creating enduring value for our clients. We are a team of advisors who bring a unique combination of skills to support finance leaders in solving both complex and day-to-day challenges in the finance function. We deliver our services across a variety of sectors, including Financial Services, Energy & Resources, Technology, Media and Telecommunications, Consumer, Life Sciences and Public Sector. In doing so, we each play to our strengths and specialise in one or more of the following key areas of expertise. Job Description Our areas of expertise span across the finance function with a financial reporting focus and include advising on: Through our “Accounting a Reporting Advisory” service offering we advise our clients on various Technical Accounting subjects including changes in International Financial Reporting Standards (IFRS) or other regulatory requirements, including digital enablement and change adoption. This varies from training to complex technical and transaction advisory, including training. Through our “Finance360” service offering we offer advisory on Close, Consolidate and Report improvement initiatives, including process, policy, automation and digitisation of the month-end financial close. This includes operational support at month end, year-end, or ‘on call’ accounting services. Further, we also provide advisory services on Internal Controls over Financial Reporting as required by various stock exchanges, including digital enablement. Our “Sustainability & Climate” service offering focuses on Integrated Reporting and report refresh initiatives to help our clients report value driven by their ESG (Environmental, Social and Governance) activities, including climate change. Main Purpose of Job Role of Senior Consultant/Assistant Manager in the Insurance Finance Reporting sub-division within the ARAS service line. Responsibilities include: Supporting the development and implementation of the insurance strategy within ARAS. This strategy is targeted at Tier 1 and Tier 2 insurers and requires a level of competence in the areas of insurance finance accounting, IFRS 17, SAM and regulatory reporting. Delivering on the following service offerings to clients within the competencies listed above, with a specific focus on Insurance Finance Reporting systems and processes: Finance Remediation to provide assistance to finance functions struggling to meet deadlines, produce accurate results or embed controls. Capabilities include: Review and mapping of finance close process Review and gapping of AFS process Finance workshop facilitation Deployment of tactical solutions Automation and efficiency Process mapping and control design Audit readiness support Disclosure benchmarking Agentic AI Finance Transformation and Modernisation with a focus on the optimal Target Operating model. Technical accounting opinions and advice; Development of financial reporting templates, financial statements and general ledger configurations; Assisting with Consolidations and group reporting requirements; Development of stakeholder communication; Secondments to clients to support their IFRS 17, regulatory reporting and/or SAM processes; IFRS 17 implementation and financial reporting transformation projects, supported by other relevant business units, especially Actuarial; Developing expertise in other International Financial Reporting Standards that impact insurers, including IFRS 18; 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. Preparing and delivering of training material to internal and external stakeholders; 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. Qualifications Qualifications / Experience required Qualified CA’s from a Big 4 Professional services firm or currently be working at an Insurer. Must have prior Insurance Industry experience and be interested in the Insurance Finance Reporting Process. Must have current technical accounting experience Must be willing to invest time to skill up in the Insurance sector to be able to run engagements once training has been provided Prior involvement in IFRS 17 implementations or Insurance Audits would be advantageous. Additional Information Technical Competencies: Project management experience Excellent industry and business knowledge Demonstrated leadership skills Ability to interpret, communicate and implement strategy Demonstrated execution of complex projects within timeframes and cost Experienced in development and delivery of professional presentations Excellent report writing skills Solid financial knowledge Behavioural Competencies: Exceptional communication skills, both written and verbal with all levels of staff & leadership Strong interpersonal and relationship-building skills Excellent mentorship and coaching ability with desire to develop self and others Strong client delivery focus Highly adaptable, managing change and ambiguity with ease Focus on quality and risk Excellent problem-solving ability Exceptional business acumen Note: The list of tasks / duties and responsibilities contained in this document is not necessarily exhaustive. Deloitte may ask the employee to carry out additional duties or responsibilities, which may fall reasonably within the ambit of the role profile, depending on operational requirements. Be careful of Recruitment Scams: Fraudsters or employment scammers often pose as legitimate recruiters, employers, recruitment consultants or job placement firms, advertising false job opportunities through email, text messages and WhatsApp messages. They aim to cheat jobseekers out of money or to steal personal information. To help you look out for potential recruitment scams, here are some Red Flags: Upfront Payment Requests: Deloitte will never ask for any upfront payment for background checks, job training, or supplies. Requests for Personal Information: Be wary if you are asked for sensitive personal information, especially early in the recruitment process and without a clear need for it. Fraudulent links or contractual documents may require the provision of sensitive personal data or copy documents (e.g., government issued numbers or identity documents, passports or passport numbers, bank account statements or numbers, parent’s data) that may be used for identity fraud. Do not provide or send any of these documents or data. Please note we will never ask for photographs at any stage of the recruitment process. Unprofessional Communication: Scammers may communicate in an unprofessional manner. Their messages may be filled with poor grammar and spelling errors. The look and feel may not be consistent with the Deloitte corporate brand. If you're unsure, make direct contact with Deloitte using our official contact details. Be careful not to use any contact details provided in the suspicious job advertisement or email. At Deloitte, we want everyone to feel they can be themselves and to thrive at work—in every country, in everything we do, every day. We aim to create a workplace where everyone is treated fairly and with respect, including reasonable accommodation for persons with disabilities. We are committed to employment equity and building a diverse and inclusive workplace across the African continent. Our recruitment processes are aligned with our Employment Equity Plan and the principles of the Employment Equity Act. Preference may be given to candidates from designated groups. We actively support the inclusion of people with disabilities and embrace neurodiversity in the workplace. We recognise and value the unique strengths that neurodivergent individuals bring, and we are committed to creating an environment where everyone can thrive. If you require reasonable accommodations during the recruitment process, please let us know.

Responsibilities

The Senior Consultant will support the development and implementation of the insurance strategy within ARAS, focusing on Tier 1 and Tier 2 insurers. Responsibilities include delivering service offerings related to insurance finance reporting systems and processes, and managing client engagements.