Manager, Finance & Accounting

Minimum Requirements:

• Minimum of Bachelors Degree in Business, Finance or relevant field from an accredited university
• CPA, CMA, ACCA, CA or equivalent Accounting certification held in good standing
• Minimum of 8 years’ experience in Finance (experience in the Insurance industry is an asset) with at least 5 years’ experience in progressively responsible positions with:
• Proven hands-on IFRS 17 accounting experiences in both Life and General Insurance is mandatory.

Including:

• Life Insurance Proficiency in GMM or VFA measurement models, CSM and RA computation and coverage unit determination).
• General Insurance Experience with PAA/LRC/LIC roll-forwards, RA movements, and related disclosures.

Skills & Competencies

• Undoubted integrity, confidentiality and demonstrated strong initiative;
• Detailed, organized, thorough and accurate;
• Results oriented with ability to plan, lead, organize and control;
• Strategic thinker with strong analytical, risk assessment and problem-solving skills;
• Strong interpersonal and communication skills (verbal and written);
• Able to maintain professional composure under stressful situations;
• Flexible team player, self motivated, willing to work long/ irregular hours, go the extra mile;
• Willing to take directives, undergo training and pursue independent study;
• Advanced Computer Literacy with proficiency in Quickbooks and Microsoft Suite;

Primary Duties:
The Manager, Finance & Accounting will be responsible for overseeing the full scope of the finance and accounting functions, with a critical focus on compliance with the new IFRS 17 standards across both business lines:

• Managing and coordinating all reporting activities, including annual financial statements, annual audit, regulatory and statutory reporting requirements, annual business plan, budget management, cost-benefit analysis, and forecasting.
• Leading the implementation and ongoing reporting under IFRS 17 for both Life and General Insurance businesses, ensuring compliance with the composite license requirements.
• Developing and maintaining reporting procedures for key IFRS 17 metrics
• Supervising the Accounts Team on a daily basis in accordance with external regulatory requirements and company guidelines with responsibility for its efficient functioning.
• Providing expert guidance and training to the team on IFRS 17 principles and their application.
• Effectively analysing, reducing, and managing Accounts Receivables.
• Conducting detailed financial analysis to support strategic decision-making, taking into account the of IFRS 17 measurement models on profitability and solvency.
• Liaising with external auditors and regulatory bodies on complex accounting and reporting matters, particularly those related to the composite license and IFRS 17.