IFRS 17 Finance Implementation Lead - Multinational Insurance

Candidate will report to the Chief Financial Officer to ensure that the business and the Finance, successfully adapt to the new IFRS 17 standard. The focus of this role will be to work with the VP & Actuary, IFRS 17 & RBC and the SLFI IFRS 17 project team, Finance processes, systems and procedures to support the business overall.

Client Details

Multinational insurance company, now being the leader in insurance and asset management.

Description

Identifying the IFRS 17 & IFRS 9 implications specifically for the finance function in the Financial Reporting and Management Reporting systems

Engaging and working with the Finance, actuarial and technology teams to prioritise the development of the business requirements and solutions as they relate to the Finance functions in the Business Unit

Propose solutions to implementation and business issues arising from IFRS 17.

Ensure implementation of business requirements and solutions are appropriately implemented and tested in the Finance functions.

Prepare and support local accounting policy development to ensure it is consistent with Group Accounting Policy as it pertains to IFRS 17 & 9.

Working with Regional and Corporate Finance to ensure all requirements from them are addressed in the local implementation

Looking for process efficiency that can be generated as part of the IFRS 17 change to simplify and speed up processes.

Responsible for working closely with the VP & Actuary, IFRS 17 & Risk Based Capital to take action on the Operational impacts of IFRS 17 to the business and ensure the policy decisions for the business are all properly addressed.

Influence other business functions to ensure changes are understood, and integrated into their processes.

Work with Regional Office and local Finance and management to develop new/revised management reporting and KPIs that fits under the IFRS 17 environment

Work in partnership with the project team to establish local priorities and work streams, co-ordinate and work closely with the functional areas to drive the successful execution of those work streams.

Supervise the project manager assigned to project manage the IFRS 17 implementation project.

Provide training to Finance staff and SLFI management team on IFRS 17

Ensure that the newly implemented process and procedure manual are well documented and under SOX compliance

Profile

Prior exposure to insurance accounting standards such as CALM, Solvency II, IFRS 4 and IFRS 9

Experience in financial / management reporting

Experience with life insurance accounting processes, systems, and technology

Experience in reviewing financial processes with a view to identify and implement process efficiency

Strong accounting knowledge and analytic skills

Ability to solve problems with multiple constraints or with minimal pre-existing solutions or industry guidance

Intellectual agility and strong analytic, innovation and problem solving skills

Ability to work in an environment with fluctuating deadlines and multiple professional perspectives

Ability to identify inefficiencies and develop recommendations for process improvements

Ability to work in a fast paced, deadline driven environment

Undergraduate Degree in accounting or commerce

Accounting designation is a requirement, any actuarial training or designations are a plus

Over 10 years of relevant accounting and reporting experience

PMP certification is a plus

Knowledge of BG and Corporate finance and actuarial systems

Knowledge of insurance industry, products and related accounting issues

Excellent communication skills - ability to effectively communicate complex ideas to, and collaborate effectively with, a wide-range of audiences

Strong people and process leadership and management skills to mobilise key internal and external resources

Aptitude for identifying, analysing and resolving complex problems; strong negotiation skills

Leadership, influencing, and strong facilitation skills. Able to coordinate and direct effective meetings with a variety of audiences from working team to senior management

Strong English communication skills (oral and written)

Cantonese speaking skills highly desirable

Ability to communicate across the , both in the local and Regional offices

Ability to communicate effectively with working level, and executive level business partners

Ability to communicate project progress both verbally, in written reports, and in presentations

Job Offer

Multinational Exposure

Important Responsibilities

Challenging Opportunity

To apply online please click the 'Apply' button below. For a confidential discussion about this role please contact Andrew Lukman on +62 21 295 888 56.