IFRS 17 Technical Accountant

HFG; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading London Market insurance business is seeking a technically minded accountant to join the IFRS17 team for a 12-month contract. You will manage the production of IFRS17 reports, ensure data integrity, and support group reporting requirements. The ideal candidate will be qualified ACA (or equivalent) with strong experience in IFRS reporting and insurance accounting.

Qualifications

• Strong background in IFRS reporting.
• Deep understanding of insurance accounting applications.
• Experience in an insurance company or professional services firm.

Responsibilities

• Prepare input data for IFRS 17 data platform.
• Reconcile input data to UK GAAP metrics.
• Perform IFRS 17 data reconciliations.
• Consult with actuarial and finance teams.

Skills

IFRS reporting

Data reconciliation

Insurance accounting

Data integrity

Team collaboration

Education

Qualified ACA (or equivalent)

Tools

Moody's Risk Integrity

Job description

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 include maintaining data integrity through reconciliation processes, participating in the quarterly reporting cycle, and supporting consolidation and group reporting requirements. Other key areas of responsibility are to:

• 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.

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