Financial Reporting Analyst
2 days ago
Key Performance Indicators:
The successful candidate will be measured on the following key performance indicators:
- Successful implementation and ongoing compliance of IFRS 17 standards.
- Completion of gap analysis and closure of identified gaps.
- Effective collaboration with actuarial, finance, and IT teams to define and refine requirements for IFRS 17-related processes and reporting.
- Providing regulatory advice to internal teams regarding changes in financial regulations affecting the insurance industry.
- Preparing and presenting detailed reports and documentation outlining regulatory requirements, compliance strategies, and progress of implementation.
- Assisting in the development of business cases and strategic plans related to regulatory compliance.
- Supporting the development and execution of testing and validation of systems related to IFRS 17.
- Proactively monitoring developments in regulatory standards and providing advice on how they affect the business.
- Facilitating workshops and meetings to ensure all stakeholders are aligned on regulatory changes and their impact on business operations.
Requirements:
- Experience with IFRS 17 and a strong understanding of its impact on insurance financial reporting.
- In-depth knowledge of regulatory frameworks within the insurance industry.
- Strong experience as a Business Analyst in insurance, ideally with a regulatory or compliance focus.
- Proven ability to conduct gap analysis, risk assessments, and define business requirements.
- Strong experience working with multiple departments, including finance, actuarial, and IT, to implement regulatory solutions.
- Familiarity with financial systems, particularly in relation to IFRS 17 reporting and data extraction.
- Ability to communicate complex regulatory and technical concepts to both technical and non-technical stakeholders.
- Strong organizational and project management skills, with the ability to handle multiple priorities.
- Certifications in insurance or regulatory standards would be beneficial (e.g., CII, FIA, etc.).
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