Technical Accountant Centurion

Technical Accountant: IFRS17 Specialist

Reference: NFR003232-BM-1

My client in the global insurance space, based in the Eastern suburbs of Pretoria, is seeking a Technical Accountant: IFRS17 Specialist to be part of their dynamic team. Duties&Responsibilities

This organization is a market leader making waves in the insurance industry. The successful candidate will need to be well-rounded in implementing IFRS 17, and exposure therein, and be able to perform the day-to-day basic accounting functions for the business. Group reporting Regulations reportingBudgets and forecast Process income tax per client onto the general ledger Pay reinsurers and submit reinsurance bordereaux Prepare Balance Sheet reconciliations per client IFRS 17 Responsibilities:

Draft IFRS 17 position papers for insurance entities IFRS 17 outlines specific accounting policy choices an entity is required to make to set its methodology Premium allocation approach eligibility Liability for Remaining Coverage (LFRC) adjusted for financial risk and time value of money where a significant financing component existsLiability for Incurred Claims (LIC) adjusted for time value of money and financial risk where claim settlement delays exceed one year Presentation&Disclosure: Disaggregation of Insurance finance income and expense (P/L vs OCI) Recognition of acquisition cash flows (expense vs capitalise) Presentation&Disclosure: Determine the reporting frequency Risk adjustment: Disaggregation of risk adjustment (Insurance service result vs insurance finance income or expenses) Reinsurance: Presentation of income / expenses from reinsurance contracts held (present gross vs net) Identification and classification: Fixed fee service contractsSkills and Qualifications:

CA(SA) 2 years of experience from an insurance space is essential Advanced Excel knowledge Package&Remuneration

R 800000 - R 1000000

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