Senior Financial Accountant - Insurance

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Job description

Global Insurer is currently searching for an experienced Insurance Finance specialist to join their London team. This is a newly created role that will have a hybrid responsibility in ensuring that IFRS17 is successfully implemented into finance processes and oversight of the IFRS 17 and Solvency II reporting team.

Responsibilities:

• Leading the Finance function in respect of IFRS 17 requirements and its impact on the business.
• Monitor and deliver the project timeline liaising with Actuary, IT, consultancies, external vendors and group headquarters
• Actively participate in IFRS 17 project workstreams, including taking ownership of the IFRS 17 calculation engine, presentation, disclosures and reconciliations.
• Implementation and operation of relevant controls and reconciliation processes, including an end-to-end reconciliation of the IFRS 17 numbers.
• Subject matter expert in respect of the IFRS 17 calculation engine, processing of data in the system.
• Reviewing results and ensuring accurate and timely loads into the general ledger or other relevant Finance systems.
• Deliver the development of financial statements and disclosures so that they meet the requirements of IFRS 17, including work in respect of the chart of accounts.
• Deliver the month-end, quarter-end, and year-end processes relating to IFRS 17 including assisting with the preparation of financial statements, advising other teams (e.g. FP&A) on IFRS 17 matters where required.
• Support the Head of Accounting and the Reporting Manager in the quarterly and annual Solvency II deliverables and other ad-hoc deliverables.

Requirements:

• Qualified Accountant - Ideally ACA
• Big 4 Insurance Audit experience currently at Manager or Senior Manager level OR working in a similar role within the Insurance Industry
• Strong practical Knowledge of IFRS 17 and experience of its implementation
• Proven Experience of working in a regulatory reporting environment and demonstrable working knowledge with Solvency II submissions
• Strong Excel and IT system knowledge, along with the ability to analyse large amount of financial data.
• A proven track record in the end-to-end delivery of Regulatory focused projects within insurance

This role is a very high profile position across the organisation which involves regular interaction with key stakeholders both internally and externally so it is essential you have strong interpersonal skills. The position offers realistic career progression to the Head of Finance role in the future with a flexible hybrid remote working environment.