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- Tasks: Join our IFRS 17 team to manage financial reporting and ensure data accuracy.
- Company: We are a leading London Market (re)insurance business with a strong reputation.
- Benefits: Enjoy flexible working options and a supportive team environment.
- Why this job: Gain valuable experience in a dynamic field while contributing to impactful financial reporting.
- Qualifications: Must be ACA qualified or equivalent, with a solid understanding of IFRS reporting in insurance.
- Other info: This role covers maternity leave, offering a unique opportunity to step into a vital position.
The predicted salary is between 43200 - 72000 £ per year.
A leading London Market (re)insurance business is looking for a technically minded accountant to join the IFRS17 team for a 12 month contract. This team manages the production of quarterly and annual IFRS17 reports for internal purposes and external stakeholders. Responsibilities include maintaining data integrity through reconciliation processes, participating in the quarterly reporting cycle, and supporting consolidation and group reporting requirements. Other key areas of responsibility are to:
- Prepare and validate all relevant input data for ingestion into the IFRS 17 data platform and Moody\’s Risk Integrity.
- Reconcile input data to UK GAAP for key metrics (e.g. premiums earned/paid, claims incurred/paid etc.), investigating and resolving discrepancies.
- Perform IFRS 17 data reconciliations within the quarterly reporting cycle and resolve reconciling differences.
- Perform balance sheet output reconciliations following the run of Moody\’s Risk Integrity and the net asset walk (e.g. from IFRS 4 to IFRS 17).
- Ensure data integrity across systems by identifying and resolving data issues.
- Process input data through Moody\’s Risk Integrity and perform initial analysis of unconsolidated results.
- Consult with actuarial and finance teams to review and challenge preliminary outputs.
- Support the IFRS 17 quarterly reporting cycle by ensuring timely and accurate data availability.
- Assist with pre- and post-consolidation processes and Group reporting requirements.
To be considered for this role you must have an excellent background in IFRS reporting and have a deep understanding of it\’s application to insurance accounting. You\’ll ideally be a qualified ACA (or equivalent), with experience gained in an insurance company or professional services firm
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IFRS 17 Technical Accountant employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IFRS 17 Technical Accountant
✨Tip Number 1
Familiarise yourself with the latest IFRS 17 standards and their implications for insurance accounting. This will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the London Market (re)insurance sector. Attend industry events or webinars where you can meet potential colleagues and learn more about the company culture, which can give you an edge during the application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed IFRS reporting processes in previous roles. Highlight any experience with financial data accuracy and collaboration with stakeholders, as these are key aspects of the job.
✨Tip Number 4
Research the company’s recent financial reports and any news related to their IFRS 17 implementation. Being knowledgeable about their current standing and challenges can help you tailor your discussions and show genuine interest in the role.
We think you need these skills to ace IFRS 17 Technical Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with IFRS reporting and insurance accounting. Use specific examples that demonstrate your technical skills and understanding of IFRS 17.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your qualifications align with the job requirements, particularly your experience with IFRS 17 and collaboration with internal stakeholders.
Highlight Relevant Experience: When detailing your work history, focus on roles where you managed financial data accuracy, prepared reports, or worked with IFRS 17 processes. Use metrics to quantify your achievements where possible.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at HFG
✨Brush Up on IFRS 17 Knowledge
Make sure you have a solid understanding of IFRS 17 and its application in insurance accounting. Be prepared to discuss specific examples from your experience that demonstrate your technical expertise.
✨Prepare for Technical Questions
Expect questions that test your knowledge of IFRS 17 processes, such as expense reconciliation and financial data validation. Practise explaining complex concepts clearly and concisely.
✨Showcase Your Collaboration Skills
This role involves working with various internal stakeholders. Be ready to share examples of how you've successfully collaborated in the past, highlighting your communication and teamwork skills.
✨Demonstrate Continuous Improvement Mindset
The company values continuous improvement in reporting processes. Think of instances where you've contributed to process enhancements and be prepared to discuss these during the interview.
