Senior Business Analyst - Insurance & Finance

SUMMARY:
Title: Senior Business Analyst – Insurance & Finance
Location: Johannesburg
Renumeration: Based on Qualifications & Experience
 
Our client is looking for an experienced Senior Business Analyst with strong expertise in the insurance and finance services industry to join their team in Johannesburg. This role requires a deep understanding of finance transformation, process optimization, enterprise performance management (EPM), financial close, general ledger (GL), master data management (MDM), finance data warehouses, actuarial systems, and regulatory frameworks. The ideal candidate will have exceptional analytical, strategic thinking, and problem solving skills, along with excellent facilitation, communication and negotiation abilities.
 
Minimum Qualifications & Experience:

• Bachelor's or Master’s degree in Finance, Accounting, Actuarial Science, Information Systems or similar
• 15+ years of experience as a Business Analyst or Finance Transformation Lead in insurance or financial services
• Proven expertise in insurance finance processes and regulatory compliance (Including IFRS 17 implementation projects)
• Strong knowledge of BPMS tools (Appigan, Pega, Signavio, IBM BPM)
• Expertise in EPM platforms (Oracle EPM Cloud, SAP BPC, Anaplan, OneStream)
• Hands-on knowledge of financial close, GL, reconciliations, and consolidation systems
• Experience with finance data warehouses, master data management, actuarial integration
• Deep understanding of IFRS 17 actuarial and finance interactions (CSM, LRC/ LIC, disclosures)
• Familiarity with actuarial systems (Prophet, Moses, RAFM, AXIS) and reporting tools (Power BI, Tableau, SAP Analytics)

POSITION INFO:
Duties & Responsibilities:

• Process & Transformation:
• Lead end-to-end process mapping and optimization for insurance and finance functions, covering underwriting, claims, reinsurance, policy admin, and financial close cycles
• Drive adoption of Business Process Management Systems (BPMS) to streamline workflows, reduce risks, and increase automation
• Champion continuous improvement initiatives that enhance efficiency and compliance
• Finance, EPM & IFRS 17:
• Define and manage requirements for EPM solutions (planning, budgeting, forecasting, profitability modelling)
• Lead design and optimisation of financial close, reconciliations, consolidations, and GL processes
• Collaborate with finance and actuarial teams to ensure compliance with IFRS 17 reporting requirements, including data sourcing, calculation engines, disclosure, and reporting frameworks
• Support alignment of GL, sub-ledgers, actuarial valuation models, and financial reporting systems.
• Data, Systems & Governance:
• Define requirements for finance data warehouses, MDM solutions, and actuarial data integration
• Ensure data quality, lineage, and governance to support finance and regulatory reporting
• Translate complex business and actuarial requirements into functional specifications for IT delivery teams