Insurance Compliance Specialist
6 days ago
Job Description
Fruition Group seeks an Insurance Compliance Specialist to join their team on a daily rate contract basis. The ideal candidate will have strong expertise in regulatory frameworks and insurance, with a particular focus on IFRS 17 implementation and compliance.
This is a critical role supporting the insurance business in ensuring they meet both regulatory requirements and internal operational efficiency.
Key Responsibilities:
- Act as a liaison between regulatory bodies and internal teams to ensure all regulatory requirements are clearly understood and met, particularly around IFRS 17.
- Support the implementation and ongoing compliance of IFRS 17 standards, ensuring the organization's systems and processes align with the requirements.
- Conduct gap analysis between existing processes and IFRS 17 requirements and work with various teams to close these gaps.
Required Skills and Qualifications:
- 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.
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