Our client is a Financial Services body operating at the heart of UK Government and we are looking to appoint a specialist IFRS 17 specialist to maintain a robust control environment in accordance with good practice and the organisation's risk framework and prepare the transition accounts.
Based in Westminster (2 days per week), the role requires
- In-depth technical experience of IFRS 17 Insurance Contracts, including experience of working with organisations which have transitioned from IFRS 4 to the new standard.
- Understanding the key judgements, risk model changes, accounting policy choices and reporting requirements of transitioning to IFRS 17.
- Deep industry knowledge of the IFRS 17 including through audits, other governance committees or technical working groups.
- Production of or audit of financial statements and disclosures relating to financial instruments and insurance contracts. Knowledge of the key tasks and processes for delivering compliant statements and disclosures.
- Understanding the risk modelling/governance frameworks required under IFRS 17, and how this aligns to business decisions, such as provisioning and pricing.
- Knowledge and experience of working with IT platforms/systems which are required for the successful transition to IFRS 17.
Additional strength in the following areas will enhance your application;
- In-depth technical experience of IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments, including experience of working with organisations which have transitioned from IFRS 4 and IAS 39 to the new standards.
- Understanding the key judgements, risk model changes, accounting policy choices and reporting requirements of transitioning to IFRS 17 and IFRS 9.
- Deep industry knowledge of the financial instruments and insurance contracts including through audits, other governance committees or technical working groups.
- Production of or audit of financial statements and disclosures relating to financial instruments and insurance contracts. Knowledge of the key tasks and processes for delivering compliant statements and disclosures.
- Understanding the risk modelling/governance frameworks required across the industry for financial instruments and insurance contracts, and how these align to business decisions, such as provisioning and pricing.
- Knowledge and experience of working with IT platforms/systems which are required to enable reporting of financial/insurance products.