Permanent Senior Accountant | OUTsurance Vacancies
Job Description
OUTsurance Vacancies – Senior Accountant – OUTsurance Life
Location: Centurion, Gauteng
Company: OUTsurance
Job Type: Permanent
Job Sector: Accounting/Finance
Company Description
OUTsurance has been propelling the South African insurance industry forward for the last 27 years. As leaders in the field, we constantly innovate digitally while staying true to our human values. Our success is driven by exceptional employees who bring energy and expertise to the table. If you’re ready to grow your career in a dynamic and engaging environment, this opportunity could be your next big move.
Why Join OUTsurance?
OUTsurance is a Top Employer South Africa since 2022, committed to creating a workplace where employees thrive.
Our Benefits Include:
- A winning, inclusive, and diverse company culture.
- Exceptional rewards and recognition programs.
- Comprehensive benefits (Medical Aid, Pension Fund, Group Life, Disability coverage).
- Growth opportunities—we nurture talent, train skills, and promote from within.
- Wi-Fi access on campus and emergency support via the OUTsurance app.
- Wellness programs: Free counselling, legal advice, and financial coaching for employees and their households.
- A chance to make an impact through our Staff Helping SA OUT volunteer initiative.
Job Description
We are seeking a qualified Chartered Accountant (CA(SA)) to join our Finance team, specializing in long-term insurance. As the Senior Accountant for OUTsurance Life, you will work closely with the Financial Manager to oversee core accounting functions, ensuring accuracy and compliance within the entity.
Key Responsibilities:
- Execute the full accounting and month-end process for OUTsurance Life, including journal postings, reconciliations, and financial reviews.
- Maintain IFRS 17 accounting processes in collaboration with Corporate Actuarial and Finance teams.
- Ensure accurate recording of life insurance transactions (premiums, claims, policy changes) per IFRS 17 guidelines.
- Prepare IFRS 17-compliant financial reports, statements, and disclosures for internal and external stakeholders.
- Analyse financial data to assess IFRS 17 impacts and provide actionable insights.
- Conduct reconciliations to validate financial accuracy and consistency.
- Collaborate with cross-functional teams (Actuarial, IT, Underwriting, Audit) for seamless IFRS 17 implementation.
- Support audits by providing documentation and resolving queries related to IFRS 17.
- Manage reserves for life insurance policies in line with regulatory standards.
- Drive process improvements for IFRS 17 reporting and data management.
- Train stakeholders on IFRS 17 requirements and updates.
- Oversee financial disclosures and statements during reporting cycles.
- Serve as the main point of contact for audit queries.
- Share accountability for OUTsurance Life’s financial integrity with the Financial Manager.
Reporting Structure:
This role reports directly to the Financial Manager for OUTsurance Life.
Qualifications:
- CA(SA) with 3–5 years post-articles experience.
- Life insurance industry experience is essential, with strong IFRS 17 exposure.
Preferred Experience:
- Proven track record in month-end processes and annual financial statement preparation.
- Experience in Life insurance tax calculations is advantageous.
Skills & Competencies:
- Deep knowledge of IFRS 17 and its application in insurance.
- Proficiency in financial software for IFRS 17 reporting.
- Strong analytical and problem-solving abilities.
- Meticulous attention to detail.
- Excellent communication skills for stakeholder engagement.
- Adaptability to evolving regulations.
Additional Information:
In alignment with Employment Equity objectives, preference will be given to candidates from designated groups who meet the job criteria.
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How to Apply
To apply for this position, click the “Apply Now” button or follow the specific instructions provided in the job description. Ensure that your CV and supporting documents are up to date and relevant to the position.
Please note: This job posting may be closed at any time by the employer, either due to internal recruitment policies, legal requirements, or once a suitable candidate has been found. We encourage you to apply as early as possible.
Only shortlisted candidates will be contacted.
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