Job Summary

The role will support the transition of the company’s IFRS 17 Solution from a project to BAU phase and will then be responsible for the preparation of the IFRS internal and external reports of the Finance department, including associated management information and other related project work. The candidate will also prepare analytical tools and reports to support the information produced.

 

Main duties
    • IFRS 17 transition from project to BAU:

Support operational readiness activities:

      • Working day timetable development
      • Target operating model design and documentation
      • Process mapping and documentation
      • Internal controls design and development
      • Implementation of IFRS 17 chart of accounts to Peoplesoft

 

Responsible for the production and review of the company IFRS reporting to parent, comprising:

      • Quarterly consolidated management reporting including conducting balance sheet and income statement analysis reviews, investigating trends and variances, and ensuring satisfactory resolution of queries.
      • Production of UK GAAP to IFRS 17 reconciliation to support management review of results.
      • Half and full-year IFRS 17 group reporting templates including explanatory notes.
      • Preparation and maintenance of timetables related to IFRS 17 reporting, allowing appropriate time for management review.
      • Ongoing review and maintenance of the IFRS 17 chart of accounts
      • Assisting with preparation of the IFRS 17 forecast results
      • Production of analytics and commentary to support regular or ad hoc queries on, or related to, IFRS 17 reporting.
      • The responsibility includes all necessary liaison with parties involved in the process to ensure the result is delivered in the timeframe and standard required, particularly Finance and Actuarial areas.
      • Assist with operational aspects, including the planning, production of reports, preparation of account reconciliations, and analysis of balance sheet and income statement items (i.e., understanding of the figures).
      • Production of analytical tools and analytical memos supporting each one of the reports produced.
      • Development of diagnostics and continuous interaction with finance and actuarial teams in order to develop the understanding of the figures.
      • Assisting preparation of internal reports including ad hoc requirements from Group.
      • Support the audit process, liaising with internal and external auditors at the highest level and ensuring that all the information required is produced and the audits are completed on time.
      • Maintaining a sound system of internal controls.
      • Responsible for the documentation of procedures affecting the areas under supervision.

 

 

Requirements

Relevant experience

Essential           

    • Exposure to IFRS 17 project within a Lloyd’s Syndicate

Desirable

    • Experience with Lloyd’s of London Syndicate accounting and reporting

 

Technical skills

Essential           

    • Working knowledge of UKGAAP and Solvency II
    • Advanced experience of using Excel
    • Advanced report writing skills
    • Very good verbal communication

 Desirable

    • Exposure to IFRS 17 insurance accounting standards

 

Education & Experience

Essential

    • Qualification in accounting

 

Personal skills

  • Able to deliver results under tight deadlines, showing flexibility when required.
  • Strong sense of accountability and ownership of the work assigned.
  • Emphasis on quality of the outputs produced.
  • Self-starter, requiring minimum supervision, with the ability to solve problems and find solutions.
  • “Can do” attitude and willing to take more responsibilities.
  • Strong communication skills at every level within the organisation.
  • Team player.

 

About the Company

The company is a leading insurance group at Lloyd’s, the world’s specialist insurance market. They help protect industries around the world from the risks they face. Their customers include major airlines, energy companies, shipping groups, global manufacturers, and property groups.

Their headquarters are in London, and they have international offices in Bermuda, Copenhagen, Dubai, and Singapore to be closer to their clients across the world.

The company is committed to diversity, actively values difference, and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to their success as a business and integral to our winning strategy and culture. They recruit from the widest available pool of talent, and their hiring, assessment, and selection process is fair, free from bias, and one which ensures they select the right person for the job, based on merit. They are committed to promoting a culture that actively values difference and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

They are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

 

Galejay and all its clients are inclusive employers and prides itself on the main values of honesty and integrity. If you have these qualities and wish to apply, please send your CV to Gary Forster Managing Director, at gforster@galejay-recruitment.com