CIC Insurance Group – IFRS 17 Finance Lead.

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The role holder will work lead the IFRS17 workstream, with the responsibility for financial standards implementation within strict timelines, system set-up, user acceptance testing, dry run and go live.

Main Responsibilities

  • Lead in defining the General ledger principles, User Requirements and functional specifications
  • Working with the different teams to define the General ledger interphase design and the implications against the existing systems.
  • Design the end-to-end expense classification and allocation as well as developing the expense mapping tables
  • Design and develop the end-to-end reconciliation of IFRS 17 data and results
  • Design and work with the various stakeholders to build the end-to-end accounting posting rules framework
  • Develop the IFRS 17 Chart of accounts, both at subledger level and General ledger
  • Develop the mapping between the Subledger, General Ledger and ETL to Source systems
  • Design and Develop the Financial Statement templates and Disclosures required for IFRS17 Reporting
  • Design coding, structuring of and data sources for Reporting and Disclosures templates
  • Support stakeholders with financial inputs: Finance, appointed actuary and audit/ assurance teams on IFRS17 reporting within monthly, quarterly and end year reporting timelines

Key Deliverables

  • Fulfill IFRS17 implementation for the Group
  • Full end to end financial reporting under IFRS 17 with reconciliations to IFRS 4 reporting


Academic Qualifications

  • Master level MBA,MSC will be an added advantage
  • Bachelor’s Degree in Accounting, Statistics, Mathematics or any other related field

Professional Qualifications

  • Professional accounting qualification CPA/ACCA is a mandatory requirement

Relevant Experience

  • Minimum of Seven (7) years’ relevant experience, with at least (2) of which is at a supervisory level.
  • Experience in both General and Life Insurance is an added advantage
  • Audit firm background and experience is an added advantage

Skills and Attributes

  • Entrepreneurial Spirit
  • Market Awareness
  • Customer Focus
  • Continuous Innovation
  • Ownership and Commitment
  • Team Spirit





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