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About Division

Financial Services Advisory (“FS Advisory”) is an established advisor within the financial services industry. Our vision is to be the leading provider of advisory services to financial services institutions and corporate treasury operations across Africa.

Our service offering includes: 

• Credit Risk
• Balance Sheet Management (Including Enterprise Risk Management, Stress-testing and Economic Value)
• Valuations
• Regulatory Advisory
• Regulatory Assurance.
• IFRS Advisory
• Corporate Treasury 

FS Advisory furthermore incorporate the service offering of Business Optimization Services which focuses on enabling our service offerings listed above through enhancing our clients’ processes and data management frameworks within their organisations.

The FS Advisory team comprises a strong mix of business, risk and regulatory practitioners with a technical appreciation for both financial modelling and programming disciplines. In so doing we are able to bring our clients practical solutions that look to address their end-to-end strategic and business model requirements.

What Impact Will You Make?

Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you will find unrivalled opportunities to succeed and realize your full potential.

Main Purpose of Job

Role of Senior Manager in the IFRS Advisory sub-division within the Financial Services Advisory service line.

Responsibilities include:

• Supporting the development and implementation of the insurance strategy within Financial Services Advisory. This strategy is targeted at Tier 1 and Tier 2 insurers and requires a level of competence in the areas of insurance process accounting, IFRS 17, SAM, SC&E and regulatory reporting.
• Delivering on the following service offerings to clients within the competencies listed below, with a specific focus on the Insurance Finance Reporting process:  :

• IFRS 17 Technical Accounting and Financial Reporting Advisory
  • Business impact assessments and gap analyses
  • Technical accounting opinions and advice
  • Development of financial reporting templates, financial statements and general ledger configurations
  • Development of stakeholder communication
  • Secondments to clients to support their IFRS 17, regulatory reporting and/or SAM processes
  • Leading implementation projects to embed IFRS 17 reporting into business as usual.
• Financial Reporting Remediation and Transformation
  • IFRS 17 implementation and financial reporting transformation projects, supported by the Deloitte Risk Advisory, Actuarial & Insurance Solutions, Human Capital and Tax divisions.
  • Redesigning of the finance function.
  • Working with Deloitte Consulting to define the finance strategy as well as designing and implementing changes to the finance processes and policies in Insurers
  • Developing expertise in other International Financial Reporting Standards that impact insurers, including IFRS 9, IFRS 13, IFRS 15 and IFRS 18.
• Training and Engagement management
  • Preparing and delivering of training material to internal and external stakeholders.
  • 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.
  • 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.
  • Empowering team through appropriate delegation of work.

Qualifications / Experience required

• Qualified CA’s / Senior Manager with 3 to 4 years’ post articles experience from a Big 4 Professional services firm or currently be working at an Insurer.
• Must have prior Insurance Industry experience and be interested in implementing new accounting standards like IFRS17
• Must have current technical accounting experience
• Must be willing to invest time to skill up to be able to implement once training has been provided
• Prior involvement in implementing a new accounting standard such as IFRS 9, 15 or 16 will be advantageous

Your role as a leader

At Deloitte, we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters. In addition to living our purpose, Senior Managers across our organization:

• Develop high-performing people and teams through challenging and meaningful opportunities
• Deliver exceptional client service; maximize results and drive high performance from people while fostering collaboration across businesses and borders
• Influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people
• Understand key objectives for clients and Deloitte; align people to objectives and set priorities and direction

As a key part of the Insurance Reporting and SAM programmes, you will have direct reporting line to the Deloitte Insurance Industry Leader and IFRS 17 proposition leader, Andrew Warren.

As a Senior Manager, you will have the opportunity to select a designated mentor from the Financial Services Advisory Partners and Associate Directors.

Key Performance areas

• Strategic Impact
• Client Impact: External / Internal
• Team development
• Research and eminence
• Operational Effectiveness
• Development / Growth of Team
• Budgets / Profitability

Leadership / Behavioural Capabilities

Living our Purpose - Fosters broad commitment to our purpose and values; inspires peers and teams to make an impact that matters

Competitive Edge - Anticipates market and competitor trends to develop and deliver bold and innovative solutions that differentiate Deloitte with clients

Influence - Builds long-term, trust-based relationships with senior stakeholders and influencers, and uses highly developed influencing skills to drive impact, often in complex situations

Performance drive - Builds a high performance culture by cultivating individual and team strengths; drives outstanding client service, often through large cross-business and/or cross-border teams

Strategic direction - Sets & communicates strategic direction, excites people around the vision and goals and aligns diverse, cross-functional and cross-border teams to achieve success

Talent development - Manages the development of a strong pipeline of talent for current/ future success; owns and drives a talent experience that differentiates Deloitte

Inspirational Leadership - Leads from the front, acting as an exemplary role model for leaders at all levels; promotes a strong sense of loyalty and followership and energizes others to act

Core Professional Capabilities

Knows the Business and the Industry -Ability to advise the client to make decisions that positively impact return on investment; provides subject matter expertise  on industry trends, innovation efforts, and leading practices

Executive Presence - Ability to project confidence, establish credibility with, and influence clients at all levels

Global Mindset - Ability to adopt a global approach to networking, building eminence, and assembling teams to best serve clients and maximize engagement economics

Sales and Business Development - Ability to sell potential and current  clients on Deloitte’s services and negotiate profitable transactions for the firm

*Please note that this job advertisement provides a summary of the capabilities required and all candidates shortlisted will receive a full list of capabilities.

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 seek to create and leverage our diverse workforce to build an inclusive environment across the African continent.