IFRS 17 Business Analyst

Recruiter
Millennium Business Technology Limited
Location
London (Greater)
Posted
31 Mar 2018
Closes
13 May 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Our global insurance client is embarking upon a comprehensive program to meet the requirements of IFRS 17 and now requires an experienced regulatory Business Analyst to play an important role supporting the analysis, interpretation and understanding of the requirements of the standard and the impact on the organisation. The role will involve analysing IFRS 17 business requirements, drafting technical papers and providing technical advice support on the implementation of IFRS 17. It will involve supporting the creation of group accounting policies, providing detailed practical guidance on the requirements of IFRS 17.

Responsibilities
You will provide technical expertise for IFRS 17 analysis and interpretation to support the key decisions to be made in the initial stages of the implementation of the standard.
The role will require good knowledge of insurance products and the technical accounting considerations under current IFRS and be able to apply that to the interpretation of the standard.
The role will be varied in terms of its activities and will require an individual who is interested in fully understanding the nature of the company’s insurance products to support the drafting of policy papers and recommendations.
There will be a requirement to support the interaction with multiple stakeholders across the organisation to ensure that all matters are considered and the impacts of IFRS 17 fully understood.
It will be vital to promote and maintain effective working relationships and engage with internal stakeholders to ensure delivery of solutions to specification.
The jobholder must work effectively with other teams with strong communication to ensure the key aspects of the new standard are understood by our stakeholders.
Manage the activity for project deliverables to meet the required milestones and standards required.
To continually reassess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

Qualifications
An accountant (ACA, ACCA or ACMA) with at least 3 years post qualification experience.
Life insurance experience including a solid understanding of policy administration, actuarial and accounting systems
Experience in IFRS technical accounting skills from industry or professional practice, including experience drafting technical accounting papers and challenging current practice in order to drive improvement
Post qualification experience of financial reporting, auditing, and ideally technical accounting in IFRS · Preparation/audit of financial statements under IFRS with either an audit practice (Big Four audit firm preferable) or a UK insurer.
Ability to document at a high standard
Strong interpersonal skills with proven ability of planning and problem solving.
Ability to work effectively under pressure with competing and rapidly changing priorities.
Ability to develop cohesive working relationships with internal/external stakeholders.
Ability to bring analytical rigour and structure and effective solutions to poorly-defined problems

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