Temporary IFRS 17 Technical Accountant (Reporting)

Ki Insurance; London; On-site; GBP 40,000 - 60,000; Part time

Job summary

A leading insurance firm in London is seeking a Temporary IFRS 17 Technical Accountant. The role involves preparing and validating financial reports, ensuring compliance with IFRS 17 standards, and collaborating with internal stakeholders. The ideal candidate has 5+ years of experience in insurance accounting and is proficient in IFRS 17. This role is critical to support the financial reporting function during a transitional period.

Qualifications

• 5+ years post-qualified experience, preferably with a leading professional firm background.
• Experience in preparing IFRS 17 financial statements.
• Good knowledge of commercial insurance practices.

Responsibilities

• Lead the production of quarterly IFRS 17 results.
• Coordinate with stakeholders to validate financial data.
• Prepare IFRS 17 financial statements for interim and year-end.

Skills

Insurance accounting

IFRS 17

Advanced Excel functionality

Data management

Variance analysis

Report writing

Interpersonal skills

Analytical skills

Education

Qualified Accountant (ACA or equivalent)

Tools

Prophix

OneStream

Moody's Risk Integrity

PowerPivot

Power Query

Job description

Overview

Temporary IFRS 17 Technical Accountant (Reporting)

Location: London • Employment Type: Temporary Worker

Role Details: IFRS17 Technical Accountant (Reporting) in the Finance department, reporting to the Senior Manager IFRS17. Purpose of the Job: This position is part of the IFRS17 team. The role supports quarterly and annual Brit IFRS17 reports, ensures financial data accuracy, collaborates with internal stakeholders, and prepares Brit's MI pack. The role will also manage the IFRS 17 expense process and reporting in compliance with IFRS 17.

Budget and Headcount Information: Not applicable.

Principal Accountabilities

• Take a lead role in the production of Brit's quarterly IFRS 17 results, including reviewing and updating 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.
• Upload consolidated IFRS 17 journals into OneStream for Head Office reporting.
• Prepare the IFRS 17 commentary for the President's Report (Brit's MI pack) every quarter and conduct variance and performance analysis for internal and Group reporting purposes.
• 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.

Other accountabilities

• Provide support to the Head of IFRS17, Group Financial Controller or wider Finance leadership team, as necessary.
• Discharge duties in respect of Financial Controls for your areas of responsibility.
• Involvement in ad hoc projects where necessary, including leading them where appropriate.

Decision Making Responsibilities

Not applicable

Education, Qualifications, Knowledge, Skills and Experience

Technical skills

• Significant technical knowledge and practical experience in insurance accounting, including IFRS 17, IFRS 4 and UK GAAP.
• Excel functionality to an advanced user level.
• Good knowledge of data, including data management, analysis, investigation and validation.
• Preparation of IFRS 17 financial statements, conducting variance and performance analyses, and developing as well as maintaining reporting templates.
• Knowledge of PowerPivot and Power Query is preferable but not essential.

Competencies

• Track record of delivering a high-quality product to tight deadlines.
• Experience of Prophix, OneStream or Moody's Risk Integrity would be beneficial.
• Effective prioritisation and organisational skills, and an ability to adapt to changing requirements and work within a team.
• Excellent interpersonal and communication skills.
• Able to demonstrate adaptability and flexibility.
• Advanced numeric and analytical skills, with good attention to detail.
• Well-developed report writing and documentation skills.
• Experienced in presenting results to senior stakeholders and capable of working independently while providing support to senior finance leadership.

Business & Educational Experience

• Qualified Accountant with 5+ years post-qualified experience, preferably ACA or equivalent with a leading professional firm background.
• Knowledge of general, commercial insurance industry practices and policies.
• Demonstrated application of IFRS 17 in a reporting environment.
• Experience supporting external audits and managing financial controls.

Regulatory

• Act with integrity.
• Act with due skill, care and diligence.
• Be open and co-operative with Lloyd's, the FCA, the PRA, and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standards of market conduct.
• Act to deliver good outcomes for retail customers.