Deputy Manager/Manager/Senior Manager - IFRS 17/Accounting & Reporting

A vacancy has arisen in the team to support the production of the IFRS 17 results ensuring that all calculations and data are accurate, compliant with reporting requirements and delivered within specified reporting timelines. This role requires a deep understanding of IFRS 17 and its implications on insurance financial reporting and is responsible for the generation of the accounting inputs to calculate IFRS 17 results as well as positing the IFRS 17 results to the General Ledger.

Educational Qualification:

- Chartered accountant qualification (CA) or the equivalent.

Years of Exp: 6+ years

Accountabilities/Responsibilities:

- Provide technical accounting support and guidance on the application of IFRS 17 principles and group methodology.

- Produce the IFRS 17 actual cashflows and generate the engine input files for the IFRS 17 engine runs. Working alongside the actuaries to compare actual versus expected cashflows and investigating any significant variances prior to engine run.

- Conduct data validations, data checks and reconciliation of actuals cashflows, investigating and resolving any discrepancies or issues that arise during the validation process.

- Determine and apply necessary overlay adjustments to the cashflow store or engine inputs to ensure alignment with IFRS 17 requirements.

- Generate IFRS 17 journal entries from the output from the engine run and post to the general ledger ensuring that entries are accurately recorded in accordance with IFRS 17 and suspense accounts cleared.

- Perform high-level analysis of engine output and control checks before handover of the IFRS 17 results to the Reporting Analysis team.

- Propose cashflow store overlays for review by Reporting Analysis team.

- Generate any accounting inputs required to support the commentary on IFRS 17 results and for the IFRS 17 deferred tax computations.

- Adhere with current accounting standards and Insurance procedures to maintain a robust financial control regime.

- Work closely with actuarial, risk and finance teams to ensure comprehensive IFRS 17 reporting.

- Assist with the evidence gathering for audit responses to resolve audit queries in a timely and accurate manner.

- Participate in ad hoc projects to support continuous improvement and process enhancement.

Restricted:

Knowledge, Skills, Experience & Educational Qualification:

Knowledge & Skills:

- In-depth knowledge of IFRS 17

- Ability to work to deadlines and prioritise workload.

- Effective verbal and written communication skills to liaise with accountants and actuaries, explain financial results, and document processes and adjustments.

- Ability to collaborate and work effectively as a team and independently.

- Strong problem-solving capabilities and ability to investigate and resolve complex financial reporting issues and discrepancies effectively.

- Adept at building relationships across the teams to resolve IFRS 17 technical issues.

Experience:

- Experience reporting on an IFRS 17 basis.

- Life insurance experience preferable including deep understanding of products and policies.

- Strong experience of utilizing Excel and handling large volumes of data.