Senior IFRS 17 Accountant
London
General:
Job Title: Senior IFRS 17 AccountantLocation: London
Job Summary: The Senior IFRS 17 accountant will be working alongside the IFRS 17 Finance Manager and a wide range of stakeholders across the business. The primary responsibilities are working as part of the IFRS 17 BAU team owning day-to-day activities, including reviewing IFRS 17 assumptions, analysis of the outputs of the IFRS 17 calculation engine and the production of the quarterly and annually key deliverables.
Key Responsibilities:
- Assisting the IFRS17 Finance manager to oversee the IFRS 17 quarterly reporting, monitoring any delays or changes that can help improve the working day timetable for the next quarter;
- Review and sign off finance data assumptions, working closely with IFRS 17 Actuarial team to validate results;
- Generating the GAAP to IFRS 17 bridging such as IFRS 4 reallocation, working closely with the other reporting basis teams to ensure all differences are correctly captured and communicated;
- Leading the IFRS 17 to GAAP analysis and Balance sheet reconciliations;
- Maintaining/enhancing the current processes and control documentation and ensuring compliance with quarterly IFRS 17 control frameworks;
- Taking ownership (i.e. oversight and maintenance) of the chart of accounts and ledger posting;
- Preparing and reviewing IFRS 17 related Notes and Disclosures, working closely with the group team to ensure the successful delivery of the Beazley plc interim and annual reports;
- Supporting Technical accounting activities such as monitoring IFRS 17 requirements and communicating closely with the IFRS 17 Finance Manager if any changes arise;
- Knowledge sharing of IFRS 17 accounting related advice and expertise to the wider business and;
- Communicating closely with the external auditor during the interim and annual reporting periods.
General:
It is important that within all your interactions both internally and externally you adhere to Beazley’s Core Values – Being Bold, Striving For Better, and Doing The Right Thing – As they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.We also expect Beazley employees to Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system;
- Display business ethics that uphold the interests of all our customers;
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs;
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management;
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Skills and Abilities- Builds and maintains strong relationships at all levels
- Computer skills – Excel and MS office
- Good interpersonal and communication skills
- Ability to make recommendations for improvements to processes and outlining potential solutions to challenges faced within the project
- Ability to work at both detailed and summary level
- Strong communication skills both verbally and in writing
- Ability to work under pressure, and to tight deadlines
- Qualified general insurance accountant – ACA/ACCA/CIMA
- Experience of IFRS17 and other regulatory accounting standards
- Experience liaising with auditors and third party consultancies
- External audit experience either as part of an audit team or as part as a finance team
- Agile delivery / project delivery
- Self-motivated, flexible and enthusiastic
- Professional approach to successfully interact with senior management and colleagues
- Adaptable in a fast moving environment
- Proactive approach
- Time management
- Team player
- Attention to detail
- Effective communication
- Analytical thinking
- Accuracy & quality
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