Senior Financial Officer: IFRS 17

Job Description

Job PurposeTo be the Technical accounting lead in the IFRS 17 implementation project for three insurance companies within Nedbank Insurance.Job ResponsibilitiesDevelop a thorough understanding of the IFRS17 from an accounting perspective through conducting and documenting research.Provide technical application and interpretation of IFRS17 accounting standards to the IFRS Project Team and the business.Maintain an understanding of key business activities in order to provide such technical accounting support.Collaborate regularly with the Corporate Actuarial Team on the IFRS17 project team.Understand the new IFRS17 requirements and clearly and timeously communicate such requirements to the IFRS17 Project Team, the Corporate Actuarial Team, the Finance Team and Cluster Reporting and other relevant stakeholders.Keep an abreast of any new pronouncements from the IASB new pronouncements to remaining up to date with any changes to the financial reporting standards that directly impact the Nedbank Insurance business.Be an active full-time participating member of the IFRS17 project team and deliver on tasks committed.

Responsibilities + Skills

Communicating internally. Managing customer expectations Working in a teamWorking in a fast-paced environment; meeting deadlinesWorking with spreadsheetsInteracting with diverse people and cross-functional groups




Job Summary

  • Published on: Wednesday, 9th September 2020
  • Designation: Senior Financial Officer: IFRS 17
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Wednesday, 9th September 2020

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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