IFRS 17 Transformation Analyst

Location London
Discipline: Finance & Strategy
Job type: Permanent
Salary: £100000 to £120000
Contact name: Matthew Gowan
Contact email: matthew@weareedenbrook.com
Job ref: J3801
Published: 28 days ago
IFRS 17 Transformation Analyst – 12 month FTC £100,000 - £120,000 London – Flexible hybrid working A well-known and leading global insurance company, are looking for an IFRS 17 Analyst. The role will required to work as part of the team and report to the Head of External Reporting. Responsibilities: • Analysing complex insurance and reinsurance contracts for contractual features relevant to IFRS 17 • Creation of excel-based solutions to model the differences between existing IFRS accounting standards and IFRS 17 that can stand up to audit. • In conjunction with actuarial, embed bridges from existing IFRS to IFRS 17 and calculate IFRS 17 balance sheet and income statement movement year on year. • Working with the external reporting team and FP&A team to implement IFRS 17 processes. • Assist in developing a robust control environment for the production of IFRS 17 results and disclosures. • Working with the company's auditors to ensure a smooth transition and first year audit under IFRS 17. • Enhancing the understanding and transparency of performance under IFRS 17 with value-added analyses. • Preparation of technical analyses for communication to, and approval by, the IFRS 17 project board. • Working with the syndicate, external reporting and actuarial teams to develop technical analyses and resolve queries as they arise. • Coordinating with overseas finance departments to develop robust processes and controls for IFRS 17 reporting. Skills and Experience: • Qualified accountant • Interest in IFRS 17 • Non-life insurance experience is essential • Experience of Lloyd’s would be beneficial • Understanding of Solvency II concepts is beneficial • Being able to produce complex spreadsheets on Excel that stand up to audit • The ability to review complex insurance and reinsurance contracts in order to identify aspects of the contract that are relevant to IFRS 17