Edenbrook are working along side a leading pension insurer for a Senior Financial Accountant. Operating in the Accounting and Financial Controls team, this role will be focused on the IFRS reporting’s of the group alongside reporting’s on additional technical provisions.
Key responsibilities include, but are not exclusive to:
• Responsible for preparation of Insurance related information (transactions, journals, reconciliations, data entry, supporting information, explanations and all other information that may be required in the general ledger and financial records of the Group including P&L, Balance Sheet, cash flows and liaising with Actuaries on the reporting of technical provisions, solvency calculations and embedded value tables)
• Management of the IFRS 17 Month-end Reporting process including, claims, new business premium, expense recharges and reinsurance.
• Preparing fit for purpose process flows, control procedures and user guides for IFRS 17
• Provide Analysis and insight into the IFRS 17 results and use IFRS 17 knowledge to help improve understanding across the group
• Supporting the development and documentation of finance control processes for IFRS 17, in relation to all key finance control processes eg premiums, claims, expenses etc.
• Supporting other members of the by providing understanding and explanations on how the IFRS 17 methodology impacts the current processes
• Review of consolidation process
• Liaising and keeping up to date with business changes and transactions with other teams, such as new business, reinsurance, claims management and the like.
• Identifying and developing controls and control environment improvements.
• Identifying technical issues (IFRS or SII) that require formal review and approval by Head of Technical Accounting
• Leading any ad hoc change requests or new requests from the accounting operational perspective, for example new business transactions that will have an impact on GL and other processes.
• Support a Finance Change Programmes
The successful candidate will be:
• A Qualified Financial Accountant (CIMA, ACCA, ACA, Etc.)
• Knowledgeable of IFRS 17 reporting’s.
