IFRS17 Solutions (Financial Services - Insurance) Senior Consultant, Business

Ernst & Young Solutions LLP; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading company in financial services is seeking a Solution Consultant to drive IFRS 17 solutions. The role involves collaborating with multi-disciplinary teams to deliver functional efficiencies and innovative solutions, while leveraging strong communication and leadership skills.

Benefits

Continuous learning

Transformative leadership

Diverse and inclusive culture

Qualifications

• Minimum 3 years’ experience in financial services sector.
• Experience in design and implementation of finance transformation projects.

Responsibilities

• Drive formulation and solutioning of functional designs for IFRS 17.
• Support development of innovative solutions across processes and systems.

Skills

Communication

Leadership

Problem-Solving

Stakeholder Management

Education

Bachelor or Master Degree

Tools

SQL

Python

ETL tools

PowerPoint

Word

Excel

Job description

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

We are the only professional services organization who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective. Aligned to key industry groups including asset management, banking and capital markets, insurance and private equity, we provide integrated advisory, assurance, tax, and transaction services.

The Opportunity

EY’s Technology Consulting professionals bring a wealth of experience in working with major financial institutions to align their technology delivery capabilities to their business’ strategic objectives. We assemble the right multi-disciplinary teams, use consistent and proven global methodologies and tools, and draw on the full breadth of EY’s global network, to deliver value and trusted advice to the clients.

With the recent introduction of the IFRS 17 accounting standards, EY is looking for individuals who are able to drive solutions across the client’s data, systems & process landscape to review & advise on refinement of user requirements, support the architecting of functional designs & solutions to support IFRS 17 project deliverables and advise the technical developer teams on refining their technical designs

Your Key Responsibilities

As markets rapidly change and develop, finance functions must demonstrate real added value to their business.

As the Solution Consultant, you’ll use your experience and knowledge to help deliver greater insight – delivering functional efficiencies as well as transforming the role of finance in our clients’ businesses.

You’ll be support the development of innovative, sustainable solutions to meet the business objectives across their processes and systems as well as enjoy working alongside other finance professionals in high-performing teams.

You will work as part of a multi-disciplinary team to be able to bring complex solutions to life; from ideation to bringing designs to life visually and finally being able to bring the clients and teams on a clear journey through your thought processes.

Further to above, as the solution consultant, you will be required to perform the following:

• Review & feedback on the business requirements developed by the client to ensure clarity for yourself and your team
• Drive the formulation and solutioning of the functional designs to support the IFRS 17 solution. This will require coordination with actuarial, finance and IT teams.
• Participate in solutioning discussions to drive client decision making as well as leveraging SMEs and other workstreams to ensure decisions are grounded on justified studies and best practices.
• You will be required to understand, communicate and assess major risks and issues that may potentially occur during the systems implementation to the solutions lead.
• Perform stakeholder management so that the necessary information is made aware for stakeholder decision.

Skills and Attributes for Success

• A good understanding of the Insurance (either Life or Non-Life) and Reinsurance industry and / or robust experience with IFRS 17 implementation projects
• Experience with designing or working with database solutions at a functional level (i.e. relational data bases with structured data)
• Some experience working with data bases & ETL tools (e.g. SQL, Python, SSIS, AWS Glue etc.)
• Strong communications skills and able to translate verbal ideas into paper
• Leverage technology to continually learn, improve service delivery and maintain our leading edge best practices
• Strong presentation skills and proficiency in the use of PowerPoint, Word and Excel
• Ability to guide junior team members through strong leadership, coaching and mentoring skills.

To Qualify for the role you must have

• Bachelor or Master Degree with a minimum of 3years’ working experience,
• Good business acumen within the financial services sector, with experience in the following discipline:
  • Have hands-on experience in both design and implementation with the ability to drive workshops.
  • Experience working as part of a Solutions or Business Analyst team within the insurance industry with basic knowledge in finance reporting and actuarial valuation processes.
• Proven capabilities in delivering finance transformation projects and programs (related IFRS 17 programs would be a clear advantage).
• Ability to establish personal credibility quickly and deliver high quality deliverables.

Ideally, you’ll also have

• Have worked in a consulting role in a leading consultancy firm or within a solutions / business analyst team in financial services firm for at least 2 years.
• Experience of working within ASEAN
• Strong stakeholder management skills in understanding strategic direction and being able to convert into cohesive change management strategy and plans

What we look for

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you’ll be a confident team player that collaborates with people from various teams while looking to develop your career in a dynamic organization

What we offer

• Continuous learning:You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you:We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership:We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture:You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

Apply now.

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