IFRS 17 Technical Accounting Expert
Cedar are partnering with a government department who require a IFRS 17 Technical Accounting Expert with demonstrable direct IFRS 17 practical implementation experience as well as a substantive background of creating Accounting Policy papers.
Contract: 12 months
Daily rate: £700-£800 per day Inside IR35
Location: London
Working Pattern: Hybrid
Key responsibilities:
- Provide IFRS 17 technical accounting advice and guidance and develop technical papers (where needed) in accordance with the organisations 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 respond to queries.
- Support the implementation of the 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 potential changes.
- Work closely with all stakeholders, including 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 the organisation's risk framework.
- Provide administrative, logistical, and other support as required by Programme.
- Other ad hoc tasks as required by the Project to ensure business readiness for IFRS 17 (e.g., GL data cleansing, resolving data issues, and supporting data migration).
Essential Experience
- Practical IFRS 17 implementation experience.
- Ability to provide IFRS 17 technical accounting advice and guidance.
- Building and development of Excel models performing accounting and modelling calculations.
- Preparation of Transition Accounts.
- Design and support of new processes, controls, and timetable.
- Design, implementation and testing of the future state systems and solutions.
- Previous government or public sector is desirable but not essential