** PLEASE ONLY APPLY FOR THIS VACANCY IF YOU HAVE EXTENSIVE LIFE / PENSIONS INSURANCE ACCOUNTING EXPERIENCE ACROSS IFRS17 . SOLVENCY II AND HAVE 6 WEEKS MAXIMUM NOTICE PERIOD**
** DAY RATE £800 (INSIDE IR35) OR FTC £100,000 + 20% CASHPLAN + UP TO 40% BONUS **
MERJE are partnered with growing Life & Pensions organisation that have urgent requirement for a Senior Financial Accountant (IFRS17)
Reporting to: Chief Financial Officer
This role will support the transition of the IFRS17 project through to the business as-usual phase and be responsible for the production of the appropriate internal and external reports, including management information and other related activities to support the project's success.
Support IFRS17 transition from project to business-as-usual including support for operational readiness activities such as planning, process mapping and internal controls/documentation.
Quarterly consolidated management reporting including conducting balance sheet and income statement analysis reviews, investigating trends and variances, and ensuring satisfactory resolution of queries;
Production of UK GAAP to IFRS17 reconciliation to support management review of results;
Quarterly IFRS17 group reporting templates including explanatory notes;
Preparation and maintenance of timetables related to IFRS17 reporting, allowing appropriate time for management review;
Review and maintenance of the IFRS17 chart of accounts
Assisting with preparation of the IFRS17 forecast results;
Production of analytics and commentary to support regular or ad hoc queries on, or related to, IFRS17 reporting;
Assist with all 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);
Continuous interaction with the Finance and Actuarial teams to develop understanding of the figures;
Support the internal and external audit process, ensuring that all information required is provided on time.
Liaising with Group Finance on the submission of results, answering questions as appropriate.
Assess compliance with IFRS17 regulations, ensuring that gaps are identified and appropriate actions taken.
Ensure records are maintained and controlled in accordance with prescribed practices and procedures Core Competencies:
Strong financial analyst skills able to solve complex problems that have broad impacts.
Able to lead project teams and collaborate effectively across the organisation to achieve milestones and objectives.
Planning and prioritising work for self and others in order to meet challenging deadlines.
Strong sense of accountability and ownership of the work assigned.
Self-starter requiring minimum supervision with a proactive approach to delivery.
Effective communicator, confident in building and developing stakeholder relationships at all levels internally and with external organisations
Essential Experience and Qualifications:
Qualified accountant (ACA; ACCA).
Knowledge of life insurance industry including its legal and regulatory requirements and frameworks.
Knowledge and experience of Solvency II and IFRS17 regulations and requirements.
Working closely with or within Risk, Actuarial and Finance functions and with Internal Audit and other assurance functions.