IFRS 17 Business Analyst

Key Responsibilities:

Operational Readiness is one of the key work streams within the IFRS 17 programme. This role will support the workstream in ensuring financial control expertise is applied to the programme and work on the detailed delivery of these activities. The role will contribute to the Operational Readiness work stream activities, integrating with the other work streams and BAU functions resulting in a complete delivery of the IFRS 17 group reporting capability. More specifically this role will focus on the following scope of activities:

1. Target Operating Model
   Assist where required on the detailed design of the target operating model focusing on the finance resource requirements to produce quarterly group consolidated financials, the finance processes based on the technology capabilities and configuration, and the working day timetable for finance and the wider organisation.
2. Processes and Controls
   Assist where required in the process and control documentation and ensure the process and control design is complete to enable effective completion of the quarterly reporting outputs: Q1 and Q3 IMS reports, Q2 interim financial statements and the Q4 annual financial statements including all primary statements, notes and KPIs.
3. Testing
   Support the design of the testing activities to cover full end to end testing of the system and data architecture in line with the defined process and control documentation and the parallel run in advance of the IFRS 17 effective date.
4. Other activities
   Support other aspects of the IFRS 17 programme as agreed with the Operational Readiness Workstream Lead, Programme Sponsor, Senior Finance SME or the Programme Manager.

Education and Qualifications

• University degree - Desirable
• Accounting professional qualification - Essential, i.e. ACA, ACCA, CIMA

Skills and Abilities

• Builds and maintains strong relationships at all levels
• Process management skills - able to review existing processes and procedures; making recommendations for rationalisation/improvement, and implement them operationally.
• Business analysis skills
• Ability to work at both detailed and summary level
• Strong communication skills both verbally and in writing, ability to be able to listen
• Motivational skills, team worker as well as able to work on own initiative
• Ability to work under own initiative, under pressure, and to tight deadlines.

Knowledge and Experience

• Relevant experience gained working within a similar role within the insurance industry - Essential
• General commercial and financial knowledge
• Proven experience of performing financial control and close process activities
• Proven post qualification financial reporting experience, ideally gained within the Insurance sector
• Proven experience working on an implementation project