IFRS 17 Accountant

IFRS 17Accountant -12m FTC

Job summary

The role will support the transition of our clients IFRS 17 Solution from a project to BAU phase and will then be responsible for the preparation of the IFRS internal and external reports of the Finance department, including associated management information and other related project work. The candidate will also prepare analytical tools and reports to support the information produced.

Main duties

* IFRS 17 transition from project to BAU:
o Support operational readiness activities:
 Working day timetable development
 Target operating model design and documentation
 Process mapping and documentation
 Internal controls design and development
 Implementation of IFRS 17 chart of accounts to Peoplesoft

* Responsible for the production and review of IFRS reporting to parent, comprising:
o Quarterly consolidated management reporting including conducting balance sheet and income statement analysis reviews, investigating trends and variances, and ensuring satisfactory resolution of queries
o Production of UK GAAP to IFRS 17 reconciliation to support management review of results
o Half and full year IFRS 17 group reporting templates including explanatory notes
o Preparation and maintenance of timetables related to IFRS 17 reporting, allowing appropriate time for management review
o Ongoing review and maintenance of the IFRS 17 chart of accounts
o Assisting with preparation of the IFRS 17 forecast results
o Production of analytics and commentary to support regular or ad hoc queries on, or related to, IFRS 17 reporting.
o The responsibility includes all necessary liaison with parties involved in the process to ensure the result is delivered in the timeframe and standard required, particularly Finance and Actuarial areas.
o Assist with operational aspects, including the planning, production of reports, preparation of account reconciliations and analysis of balance sheet and income statement items (i.e. understanding of the figures)
o Production of analytical tools and analytical memos supporting each one of the reports produced
o Development of diagnostics and continuous interaction with finance and actuarial teams in order to develop the understanding of the figures
o Assisting preparation of internal reports including ad hoc requirements from Group
o Support the audit process, liaising with internal and external auditors at the highest level and ensuring that all the information required is produced and the audits are completed on time.
o Maintaining a sound system of internal controls
o Responsible for the documentation of procedures affecting the areas under supervision

Our requirements

Relevant experience

Essential

* Exposure to IFRS 17 project within a Lloyd's Syndicate
Desirable
* Experience with Lloyd's of London Syndicate accounting and reporting
Technical skills

Essential

* Working knowledge of UKGAAP and Solvency II
* Advanced experience of using Excel
* Advanced report writing skills
* Very good verbal communication

Desirable

* Exposure to IFRS 17 insurance accounting standards
Education & Experience

Essential
* Qualification in accounting

Personal skills

* Able to deliver results under tight deadlines, showing flexibility when required
* Strong sense of accountability and ownership of the work assigned
* Emphasis on quality of the outputs produced
* Self-starter, requiring minimum supervision, with the ability to solve problems and find solutions
* "Can do" attitude and willing to take more responsibilities
* Strong communication skills at every level within the organisation
* Team player