South Africa

Senior Audit Manager - Insurance, Financial Services

Company BDO South Africa
Reference # FSS_01
Published 11/11/2020
Contract Type Permanent
Salary Market Related
Location Johannesburg, Gauteng, South Africa
BDO’s global organisation extends across 167 countries and territories, with 88,120 people working out of 1,617 offices – and we’re all working towards one goal: to provide our clients with exceptional service. Our firms across the organisation cooperate closely and comply with consistent operating principles and quality standards.

At BDO, we believe in investing in our people to help them grow, both professionally and personally. The foundation of our business is strong relationship, with colleagues, clients and other stakeholders and we work hard every day to make this a reality. Our commitment is to create unlimited growth by giving our people continuous opportunities.

BDO Johannesburg has a vacancy for a Senior Audit Manager in our Insurance - Financial Services Division.
Job Functions Auditing
Industries Accounting & Auditing,Financial Services,Insurance
The primary purpose of the Financial Services Senior Manager: Insurance role is to assist the Head of Insurance Partner at BDO Financial Services with identifying, leading and managing key accounts and implementing business development within the Insurance sector in South Africa.

The Senior Manager will also be given the responsibility to lead insurance project engagements in both the audit (external and internal) and consulting areas of the Financial Services division, based out of Johannesburg.
This role will involve taking responsibility for the planning and execution / delivery of engagements, leading project / audit teams to achieve this and building / maintaining client relationships while delivering on this.
In addition, the Senior Manager will be expected to get involved with the day-to-day operations of the Financial Services business unit, which include (but are not limited to) functions such as:
•Finance (budget and WIP monitoring and management),
•Staff recruitment,
•Staff training,
•Counselling / mentoring audit trainees under the SAICA assessor program,
•Coaching / mentoring junior managers,
•Audit quality,
•Risk management / client onboarding, and
•Assisting leadership of FS with proactively contributing to setting the FS strategy and then implementing the strategy plan in the sector of Insurance, once approved.

Focus will be specifically on experience in the Financial Services sector, and insurance in particular (Life and Non-Life).
We are looking for candidates who would be:
•Able to analyse and make decisions regarding complex accounting, auditing and risk management matters, in particular relating to the Insurance industry
•Able to develop and review high quality working papers, audit files and reports / deliverables, and then be able to present the results / findings to senior level staff members at BDO (AD’s and Partners) and at clients (C-level staff and Audit / Risk Committee equivalents)
•Able to identify key areas of change and subjectivity affecting the insurance industry in South Africa, research these areas and summarise internal views and consultations, with a view to providing thought leadership out to the FS market on insurance.
•Able to collaborate with the existing FS team as part of a flat reporting structure; and to collaborate with other FS senior managers, AD’s and Partners across BDO Financial Services
•B.Com Honours;
•CA (SA) qualification
•A minimum of 4 years’ post-qualification experience
•Specific experience in insurance external audit at a professional services firm, or Financial Services / Insurance work experience outside practice but within the industry
•A sound knowledge of and exposure the IASB accounting standards, audit standards (ISA’s) currently in issue, and a wide general knowledge of legislation and regulations that could affect financial reporting in the Financial Services industry. In particular, deep knowledge and experience with the application of IFRS 4, IFRS 7, IFRS 9, IFRS 13 and IAS 39 and all of the ISA’s currently in issuance
•A working knowledge of IFRS 17 is a must, with practical experience in implementation a bonus

•Building trust and relationships
•Fostering collaborative teamwork
•Accessibility, persuasiveness and influencing
•Proactive in all that we do
•Fostering active communication
•Continuously adding value
•Client focused
•Demonstrating a commercial and innovative digital mind-set
•Aligning career aspirations with the strategies, goals and objectives of the team and firm
•Innovative and willing to share ideas for new ways of working
•Ability to work with all levels within an organisation
•Demonstration of passion and energy to Financial Services and to the specific area of specialization

The appointment will be made in terms of the firm’s Employment Equity Policy.
Only short-listed candidates will be contacted.
Job Closing Date 25/11/2020
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Last Updated: 30-7-2020 []
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