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IFRS17 FAR Transition Lead-24 Month FTC

79058

Job Summary

Zurich Insurance Plc is hiring for a newly created position within Zurich Insurance Plc (ZIP) Head Office Finance team reporting to the ZIP Finance Project Lead.  ZIP is responsible for the Legal Entity Statutory and Regulatory (Solvency II) Reporting of ZIP. The Finance team ensures that ZIP’s 13 European General Insurance Branches report the required information on time and in accordance with relevant Regulations and Accounting Standards. 

From Q1 2023, ZIP will transition from Irish GAAP to IFRS17. Within this role you will be responsible for leading the transition of FAR BAU reporting processes to IFRS17.

 

Key Accountabilities


Your Role:

 

As IFRS17 Transition Lead, your main responsibilities will include, but not necessarily be limited to, the following:


IFRS17 Transition Lead

  • Lead the analysis of the IFRS17 Full Parallel Run submissions.
  • Working closely with the BAU teams, lead the transition of quarterly reporting processes and controls to IFRS17/9, ensuring readiness for 2023 go-live
  • Working with the Senior Project Lead, ensure BAU teams are fully trained in IFRS17 concepts and impacts.
  • Play lead role in the digital transformation and enhancement of FAR processes
  • Monitoring progress to plan and escalating as needed where progress is behind schedule
  • Other ad hoc project tasks


Performance Management Accountabilities

  • Model behaviours that demonstrate commitment to corporate values.
  • Participate fully as a team member and contribute to the improved performance of the team.
  • Expand knowledge and exchange it with team members and business partners.
  • Take action to manage own personal development.

Job Qualifications

Your Skills and Experience

 

As IFRS17 Transition Lead your skills and qualifications will include:

 

Technical Competencies:
• Qualified accountant with at least + 7years PQE in insurance sector
• Understanding of Irish GAAP and IFRS17 for Insurers
• Previous experience in working on change projects an advantage
• Intermediate to advanced Microsoft excel skills
• Data analytics skills and knowledge of tools
• Knowledge of Power BI and PowerPivot
• Strong analytical skills


Non-Technical Competencies:
• Team player  - support colleagues to deliver on key objectives for ZIP
• Positive outlook and flexibility to handle change, including need for exceptional effort as required
• Strong communication skills, written and verbal, when interacting with ZIP HO team but also with ZIP Branch and Zurich Group contacts
• Ability to build strong working relations, including with ZIP Branches
• Customer centricity, Dedication to excellence, Integrity, Sustainable value creation
• Intermediate level of problem solving skills
• Ensure strong financial control environment exists at all times
• Working at all times lawfully and in accordance with pre-defined regulatory compliance and financial requirements e.g. Data Protection, Code of Conduct, Health & Safety and regulator standards
• Working at all times in accordance with group/company policy and processes;
• Follows best practice at all times

Short Description

Additional Information

 

Primary work location is IFSC Dublin 1. Position is Dublin based but occasional travel may be required to other Zurich locations.

If you value an exciting and varied working environment and meet the above requirements, then our recruiter Jemma Doran is looking forward to receiving your application by clicking on the button “Apply online”.

Who we are

 

Zurich is one of Ireland's leading insurance companies providing a wide range of general insurance and life insurance products and services. The company employs over 1,000 people across its locations in Dublin and Wexford.

Zurich is a strong brand. Zurich in Ireland is part of Zurich Insurance Group, a leading multi-line insurer that serves its customers in global and local markets. Our 55,000 employees worldwide form the basis of our success, helping our customers in 210 countries and territories to understand and protect themselves from risk. In order to deliver our services, we offer a competitive compensation package and interesting opportunities for further training & development. As a Zurich employee you benefit from a multitude of advantages as well as a strong culture, characterized by acceptance, diversity and team spirit.

 

At Zurich we are an equal opportunity employer. We attract and retain the best qualified individuals available, without regard to race/ethnicity, religion, gender, sexual orientation, age or disability.

 

Apply now »