The role will see the successful professional:
- Provide IFRS 17 technical accounting advice and guidance
- Practical IFRS17 implementation experience
- Build and develop Excel models performing accounting and modelling calculations
- Prepare UKEF's Transition Accounts
- Design and supporting new processes, controls, and Working Day Timetables (WDT)
- Design, implement, and test the future state systems and solutions
- Support the wider FRC Programme
Main responsibilities
- Provide IFRS 17 technical accounting advice and guidance and developing technical papers (where needed) in accordance with the UKEF governance requirements.
- Build and develop Excel spreadsheets to perform accounting and modelling calculations required to identify data gaps, validate systems outputs, and meet other Programme requirements.
- Support transition execution approach and plan, covering the opening balances and comparative financial statements
- Support with Audit engagement requirements and responding to queries
- Support the implementation of the FRC-related IT solutions (including the General Ledger, IFRS 17 Calculation Engine and Sub-Ledgers), including any related processes and controls for end-to-end reporting.
- Support the Finance Function in testing activity, including ensuring testing issues are resolved on a timely basis.
- Support the development and implementation of the Accounting Rules, Chart of Accounts, ledger posting and IFRS 17 disclosures.
- Analyse the data inputs/outputs to/from the Calculation Engine and General Ledger, ensuring the outputs meet the reporting requirements, investigating any issues and recommending po-potential changes.
- Work closely with all stakeholders, including the FRC Delivery Partner, Auditors, and other internal and external stakeholders.
- Assist in ensuring that reporting solutions used across the Finance function are fit for purpose in the roll-out of IFRS 17.
- Present or support presenters on financial reporting matters at training events.
- As appropriate, maintain a robust control environment in accordance with good practice and UKEF's risk framework.
- Provide administrative, logistical, and other support as required to the FRC Programme.
- Other ad hoc tasks as required by the Project and FCD to ensure business readiness for IFRS 17 (e.g., GL data cleansing, resolving data issues, and supporting data migration).