Senior Finance Manager, Insurance (IFRS Reporting)

HFG Insurance Recruitment; Hong Kong; On-site; HKD 1,413,000 - 1,884,000; Full time

Job summary

A well-established Bermuda insurance group is seeking a Senior Finance Manager to lead the reporting function for its Bermuda entity under IFRS. The role oversees the quality and timeliness of entity and group reporting, technical accounting judgments, close governance, and collaboration with group finance, actuarial, tax and auditors.

Responsibilities include owning IFRS 17 reporting, leading the IFRS 17 close with CSM, LRC, LIC components, advising on measurement models, maintaining accounting

Qualifications

• 8–12 years of experience in financial or group reporting, preferably in insurance.
• Deep IFRS 17 expertise with strong IFRS 9 knowledge.
• Proven ability to lead close processes and manage external auditors.
• Excellent written and verbal English; strong stakeholder management.
• Bachelor’s degree in Accounting/Finance; professional qualification mandatory.

Responsibilities

• Own end-to-end IFRS 17 reporting for Bermuda entity, including quarterly and annual statements.
• Lead IFRS 17 close and analysis of CSM, LRC, LIC, and other components.
• Advise on measurement models and contract boundaries.
• Maintain IFRS 17 accounting policies and documentation.
• Manage year-end audit and external auditor relations.
• Partner with group finance, actuarial, tax and operations to align data flows.
• Support Bermuda statutory/regulatory reporting (BMA) as applicable.
• Drive process improvements and system enhancements.

Skills

IFRS 17

IFRS 9

Group reporting

Auditing liaison

Leadership

Excel (Advanced)

Oracle

Stakeholder management

English communication

Education

Bachelor's degree in Accounting/Finance

Professional qualification: MIA / ACCA / CPA / CA or equivalent

Tools

Oracle

Job description

A well-established insurance group is looking for a Senior Finance Manager to lead up the reporting function.

We are seeking a Senior Manager to own financial reporting for a Bermuda insurance entity under IFRS. The role leads the quality, accuracy and timeliness of entity and group reporting, technical accounting judgements, close governance, and stakeholder management with group finance, actuarial, tax, auditors and, where relevant, the Bermuda Monetary Authority.

Key responsibilities

• Own end-to-end IFRS 17 reporting for the Bermuda entity, including quarterly and annual financial statements, notes, disclosures and group reporting packs.
• Lead the IFRS 17 close: journals and analysis of CSM, LRC, LIC, loss component, insurance revenue, insurance service result, and insurance finance income or expenses.
• Advise on measurement models (GMM / PAA / VFA), contract boundary, onerous contracts, new products and complex transactions.
• Maintain IFRS 17 accounting policies, technical papers and documentation.
• Ensure the Bermuda entity’s financial statements comply with the full IFRS framework, with particular strength in IFRS 9 (investments / financial instruments), IAS 12 (tax, including deferred tax on IFRS 17 balances), IAS 1, IAS 7, IAS 8, IAS 10, IAS 21, IFRS 7 and IFRS 13.
• Prepare / review accounting papers for significant or judgemental items.
• Support consolidation or group reporting requirements where the Bermuda entity feeds a wider group.
• Manage the year-end audit and the external auditor relationship on IFRS 17, IFRS 9 and other technical matters.
• Partner with group finance, actuarial, investment, tax and operations to keep data flows and accounting treatments consistent.
• Support Bermuda statutory / regulatory reporting that runs alongside IFRS (e.g. BMA requirements), as applicable.
• Lead process improvement, system enhancement and documentation.
• Present results and technical issues clearly to senior management and group stakeholders.

Requirements

• Bachelor’s degree in Accounting, Finance or a related discipline.
• Professional qualification: MIA / ACCA / CPA / CA or equivalent (mandatory)
• Minimum 8–12 years’ experience in financial reporting, group reporting or Big 4 audit, with substantial insurance or reinsurance exposure.
• Deep technical and practical IFRS 17 experience, strong working knowledge of IFRS 9 and general IFRS financial statement production.
• Proven ability to lead a reporting close, manage auditors and influence senior stakeholders.
• Hands-on experience of journals, reconciliations, financial statement and disclosure production.
• Advanced Excel; experience with Oracle and IFRS 17 / investment reporting platforms preferred.
• Excellent written and verbal English; able to explain technical accounting clearly.