IFRS 17 Technical Accountant

HFG; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading London Market (re)insurance business is seeking a technically minded accountant to join the IFRS17 team for a 12-month contract. The ideal candidate will have a strong background in IFRS reporting and its application to insurance accounting, preferably with ACA qualifications and experience in an insurance company. Responsibilities include preparing input data for IFRS 17, data reconciliation, and ensuring timely and accurate reporting.

Qualifications

• Excellent background in IFRS reporting and its application to insurance accounting.
• Experience in an insurance company or professional services firm is preferred.

Responsibilities

• Prepare and validate relevant input data for the IFRS 17 data platform.
• Reconcile input data to UK GAAP for key metrics.
• Perform IFRS 17 reconciliations within the quarterly reporting cycle.
• Ensure data integrity across systems and resolve data issues.
• Support the IFRS 17 quarterly reporting cycle.

Skills

IFRS reporting

Data reconciliation

Data integrity management

Consultation and collaboration

Education

Qualified ACA (or equivalent)

Job description

Overview

A leading London Market (re)insurance business is looking for a technically minded accountant to join the IFRS17 team for a 12 month contract. This team manages the production of quarterly and annual IFRS17 reports for internal purposes and external stakeholders.

Responsibilities

• Prepare and validate all relevant input data for ingestion into the IFRS 17 data platform and Moody's Risk Integrity.
• Reconcile input data to UK GAAP for key metrics (e.g. premiums earned/paid, claims incurred/paid etc.), investigating and resolving discrepancies.
• Perform IFRS 17 data reconciliations within the quarterly reporting cycle and resolve reconciling differences.
• Perform balance sheet output reconciliations following the run of Moody's Risk Integrity and the net asset walk (e.g. from IFRS 4 to IFRS 17).
• Ensure data integrity across systems by identifying and resolving data issues.
• Process input data through Moody's Risk Integrity and perform initial analysis of unconsolidated results.
• Consult with actuarial and finance teams to review and challenge preliminary outputs.
• Support the IFRS 17 quarterly reporting cycle by ensuring timely and accurate data availability.
• Assist with pre- and post-consolidation processes and Group reporting requirements.

Qualifications

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