IFRS 17 Accountant (12 month FTC)
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ABOUT US
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com
The role will support the IFRS 17 Manager in the preparation of the quarterly IFRS 17 internal and external reports, including associated management information, operational and reconciliation processes. The candidate will be required to prepare analyses and reports to support the information produced. There will also be opportunity to assist with other related project work.
This role is hybrid working, 2 days per week in our London office.
Main duties
o Embed IFRS 17 into BAU, assist with production of Chaucer IFRS 17 reporting to the parent company and improve analytics
o Prepare quarterly consolidated management reporting including balance sheet and income statement, MI analysis, investigation of trends and resolution of queries
o Produce UK GAAP to IFRS 17 reconciliation to support management review of results
o Prepare half and full year IFRS 17 group reporting templates including explanatory notes
o Update and maintain IFRS 17 reporting timetable
o Review and maintain IFRS 17 chart of accounts
o Produce analytics and memos supporting IFRS 17 reporting
o Liaising with other finance, data and actuarial team members involved in the end-to-end reporting process to ensure the result is delivered in the timeframe and standard required
o Prepare internal reports, account reconciliations and financial statement analyses to explain IFRS 17 results including ad hoc requirements from Group
o Produce analytical tools, diagnostics and analytical memos supporting each one of the reports produced
o Support the audit process, liaising with internal and external auditors ensuring timely completion
o Maintain a sound system of internal controls
o Take on responsibility for keeping documentation of IFRS 17 quarterly procedures and reconciliations up to date and relevant
IFRS/UK GAAP Insurance financial reporting experience
Exposure to IFRS 17 financial reporting within a Lloyd's Syndicate
Experience with Lloyd's of London Syndicate accounting and reporting desirable
Working knowledge of UKGAAP and Solvency II
Advanced experience of using Excel
Advanced report writing skills
Very good verbal communication
Exposure to IFRS 17 insurance accounting standards
ACA or ACCA qualified, ideally having trained with a top 20 accountancy firm
Personal skills
Independent individual with 'can do' attitude and commitment to delivery, able to work under pressure
Team player, with good interpersonal skills and ability to work with cross functional teams
Ability to work to tight deadlines
Why Chaucer
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.
This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.
Hybrid working
We have no appetite to change this, whilst the market is steadily moving back to 4/1 working days, we are continuing to operate on a much more flexible hybrid basis with Heads of teams working closely with employees to strike a balance of what works best in their area. Our approach has been immensely popular and a successful way of working for the business and all employees at Chaucer.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Benefits - Extensive, non-contributory benefits, including pension, medical insurance, life insurance, flexi benefits, options for buying and selling holidays, not to mention a diverse and inclusive culture, we pride ourselves on managing employees welfare. We have a wide range of other benefits on offer.
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