Accounting IFRS 17 Consultant (Insurance)

  • Sector: Monroe Insurance & Legal
  • Contact: Guitar - Santarat
  • Contact Email: B.Santarat@monroeconsulting.co.th
  • Location: Bangkok
  • Salary: THB100000 - THB130000.00 per month
  • Expiry Date: 17 May 2022
  • Job Ref: BBBH362568_1651054631

Executive recruitment company Monroe Consulting is recruiting on behalf of one of the world's leading multinational risk management, insurance consulting and advisory companies. The company has been operating in more than a hundred countries across the world. The company is described as a large-scale company as it provides a full-range of business services and employs more than ten thousand people globally

This position will be mainly responsible for analysing IFRS 17 function related to insurance framework, dealing with actuarial teams to provide accounting and technical practice focusing on accounting area, designing financial closing reporting processes as well as delivering other ad-hoc task when required.

Job Responsibilities

  • Fully qualified accountant (ACA or equivalent)
  • Understanding of IFRS17
  • Strong technical knowledge & understanding of other financial and regulatory reporting standards as they relate to Insurance
  • Excellent communication skills, including the ability to explain technical issues to non-experts
  • Experience of dealing with actuarial teams
  • Coordinate with the accounting workstream leads on the client side to ensure implementation requirements for finance is understood and solutions is finalized in discussion with regional and central finance teams of company
  • Understand client disclosure tables and CoA and ensure mapping is done with company output files
  • Understand client technical accounting specifications and clarify company accounting positions and ensure client CoA are aligned with company accounting requirements at the time of integrations
  • Work with clients to ensure their local accounting trial balance are bridged with company CoA to drive a single company
  • level CoA
  • Designing financial closing reporting processes and relevant reporting controls under IFRS 17
  • Support UAT test cases for financial reporting and provide comfort that financial mapping and outputs matches with the output tables of ResQ FR and RAFM
  • Support clients in building management information system and financial analytical framework
  • Perform ad hoc tasks as and when required
  • Adhere closely to project timeline and escalate issues on a timely manner

Job Requirements

  • Qualified Accountant or Equivalent qualifications with multiple years of work experience
  • Experience in life or P&C Industry
  • Knowledge of IFRS 17 and insurance company's financial statements
  • Knowledge of SUN, SAP or Oracle Accounting system is an advantage
  • Good project management skills
  • Good knowledge of the finance function, its organization, processes and systems and current
  • Flexibility in responding to the changing business environment and desire for continuous improvements
  • A proven track record of establishing and sustaining strong client relationships and good interpersonal skills