Financial Accountant (IFRS 17)
- Recruiter
- High Finance (UK) Limited
- Location
-
England, London, City of London
London (City of)London (Greater)
- Salary
- £75000 - £85000 per annum
- Posted
- 26 Nov 2021
- Closes
- 04 Dec 2021
- Ref
- MB6771
- Job Title
- Accountant
- Category
- Accountancy
- Contract Type
- Permanent
- Hours
- Full Time
A large composite Insurance Group are looking to hire an experienced Senior Financial Accountant into a new role in light of the upcoming changes to IFRS reporting. The Senior Financial Accountant will ensure that IFRS 17 is successfully embedded into finance processes as part of the project, before transitioning into a BAU. This role will focus on the IFRS 17 related accounting and reporting in the future BAU state. In addition, this role will include supporting on Solvency II deliverables.
The ideal candidate will have a good prior knowledge of IFRS 17 principles, either gained in an accountancy practice or in an insurance company. You will need to be a fully qualified accountant (ACA, ACCA, CIMA) with several years post-qualified experience.
- To Proactively support and deliver the project timeline and liaise with Actuary, IT, consulting firms and external vendors.
- To progress the Finance Department's work in respect of IFRS 17 requirements and its impact on the business.
- To actively participate in IFRS 17 project workstreams, this is expected to include work in relation to the IFRS 17 calculation engine, presentation, disclosure and reconciliations.
- To contribute implementation and operation of relevant controls and reconciliation processes, including an end-to-end reconciliation of the IFRS 17 numbers.
- To act as a subject matter expert in respect of the IFRS 17 calculation engine, processing of data in the system. Reviewing results and ensuring accurate and timely loads into the general ledger or other relevant Finance systems.
- To deliver the development of financial statements and disclosures so that they meet the requirements of IFRS 17, including work in respect of the chart of accounts.
- To deliver the month-end, quarter-end, and year-end processes relating to IFRS 17. This may include assisting with the preparation of financial statements, advising other teams (e. FP&A) on IFRS 17 matters, and responding to ad-hoc queries and requests.
- To support the Head of Accounting and the Reporting Manager in the quarterly and annual Solvency II deliverables and other ad-hoc deliverables.
The ideal candidate will have a good prior knowledge of IFRS 17 principles, either gained in an accountancy practice or in an insurance company. You will need to be a fully qualified accountant (ACA, ACCA, CIMA) with several years post-qualified experience.