ARAS: Insurance Finance Reporting Advisory – Senior Consultant at Deloitte

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