IFRS 17 Technical Accountant
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A leading London Market (re)insurance business is looking for a technically astute accountant to cover a maternity leave in the team. This position is part of the IFRS17 team and the role supports quarterly and annual IFRS17 reports, ensures financial data accuracy, collaborates with various internal stakeholders and preparation of MI pack. The role will also manage the IFRS 17 expense process and reporting in compliance with IFRS 17.
Take a lead role in the production of the quarterly IFRS 17 results, this will include:
- Review and update the IFRS 17 expenses process (assumptions, estimates, allocations, expenses reconciliation) and analysis.
- Coordinate with internal stakeholders to gather and validate financial data.
- Prepare consolidation adjustments using Risk Integrity outputs and share with Group Reporting.
- Reconcile consolidated IFRS 17 results to UK GAAP / IFRS 4, covering both P&L and balance sheet.
- Prepare and validate all relevant input reconciliations for ingestion into the IFRS 17 data platform and Moody's Risk Integrity.
- Prepare the IFRS 17 commentary for the MI pack every quarter and conduct variance and performance analysis for internal and Group reporting purpose.
- Develop and maintain IFRS 17 reporting templates and documentation.
- Assist in the quarterly reporting cycle, ensuring compliance with IFRS 17 standards.
- Prepare IFRS 17 financial statements for interim and year-end reporting, including front half commentary on underwriting performance.
- Respond to Head Office queries on key movements in IFRS 17 results.
- Provide technical guidance on IFRS 17 accounting treatments and disclosures.
- Support responses to internal and external stakeholder queries.
- Assist external auditors during the IFRS 17 audit process.
- Contribute to continuous improvement of IFRS 17 reporting processes.
To be considered for this role you must have an excellent background in IFRS reporting and have a deep understanding of it's application to insurance accounting. You'll ideally be a qualified ACA (or equivalent), with experience gained in an insurance company or professional services firm
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