Reference: BD / MLR 6190

The overall purpose of this role is to oversee the timely and effective implementation and reporting of IFRS 17, a new reporting requirement that will significantly change the financial reporting of numbers for the company, aligned with the overall group.

Job Description:

Design and implementation of monthly financial reports based on IFRS 17 requirements
Implementation of IFRS 17 (Insurance Accounting)
Participation in the company’s IFRS17 project
Successful implementation and parallel run of new process
Monthly reporting to management based on IFRS 17 requirements
Providing sufficient support to the company reporting team to answer queries based on new IFRS 17 performance metrics within an acceptable timeframe
Support and provide advice on the calculation of opening balances (transition calculations) as at 1 January 2022 and manage business and audit sign-off
Support the dual run during 2022 by engagement with Group Reporting team and relevant business stakeholders (e.g., Finance teams, Executive) to ensure understanding and sign-off of IFRS17 results
Providing support to the group reporting team during implementation. This could include support with monthly management reporting and bi-annual statutory reporting processes.
Provide technical advice to finalise development of the relevant system and processes to support a 2023 budget under IFRS17, review and advice on the budget produced, and provide support to business stakeholders in relation to the budget
Development of communication to relevant internal and external stakeholders, including shareholders and analysts
Technical advice – set-up of a Centre of Expertise to support corporate finance transactions, new business initiatives, due diligences, as well as technical financial training across the the company’s group.

Qualifications

Qualified accountant
Completed training contract with accounting/audit practice
Experience in financial reporting standards