Temporary IFRS 17 Technical Accountant; Reporting

Role Details

Job title:

IFRS
17 Technical Accountant (Reporting)

Department:
Finance

Reports to:

Senior Manager IFRS
17

Purpose of the Job:
This position is part of the IFRS
17 team. The role supports quarterly and annual Brit IFRS
17 reports, ensures financial data accuracy, collaborates with internal stakeholders, and prepares Brit’s MI pack. The role will also manage the IFRS 17 expense process and reporting in compliance with IFRS 17.

• Take a lead role in the production of Brit's quarterly IFRS 17 results, including reviewing the IFRS 17 expenses process (assumptions, estimates, allocations, expenses reconciliation) and analysis.
• Coordinate with internal stakeholders to gather and validate financial data.
• Prepare consolidation adjustments using Risk Integrity outputs and share with Group Reporting.
• Reconcile consolidated IFRS 17 results to UK GAAP / IFRS 4, covering both P&L and balance sheet.
• Prepare and validate all relevant input reconciliations for ingestion into the IFRS 17 data platform and Moody's Risk Integrity.
• Upload consolidated IFRS 17 journals into One Stream for Head Office reporting.
• Prepare the IFRS 17 commentary for the President's Report (Brit's MI pack) each quarter and conduct variance and performance analysis for internal and Group reporting purposes.
• Develop and maintain IFRS 17 reporting templates and documentation.
• Assist in the quarterly reporting cycle, ensuring compliance with IFRS 17 standards.
• Prepare IFRS 17 financial statements for interim and year‑end reporting, including front‑half commentary on underwriting performance.
• Respond to Head Office queries on key movements in IFRS 17 results.
• Provide technical guidance on IFRS 17 accounting treatments and disclosures.
• Support responses to internal and external stakeholder queries.
• Assist external auditors during the IFRS 17 audit process.
• Contribute to continuous improvement of IFRS 17 reporting processes.

• Provide support to the Head of IFRS
  17, Group Financial Controller or wider Finance leadership team as necessary.
• Discharge duties in respect of Financial Controls for your areas of responsibility.
• Involve in ad‑hoc projects where necessary, including leading them where appropriate.

• Significant technical knowledge and practical experience in insurance accounting (IFRS 17, IFRS 4, UK GAAP).
• Advanced Excel functionality and knowledge of data management, analysis, investigation and validation.
• Preparation of IFRS 17 financial statements, variance and performance analysis, and development and maintenance of reporting templates.
• Knowledge of Power Pivot and Power Query is preferable but not essential.
• Track record of delivering a high‑quality product to tight deadlines.
• Experience of Prophix, One Stream or Moody's Risk Integrity would be beneficial.
• Effective prioritisation and organisational skills, and an ability to adapt to changing requirements and work within a team.
• Excellent interpersonal and communication skills, and the ability to demonstrate adaptability and flexibility.
• Advanced numeric and analytical skills, with good attention to detail.
• Well‑developed report writing and documentation skills.
• Experienced in presenting results to senior stakeholders and capable of working independently while providing support to senior finance leadership.

• Qualified Accountant with 5+ years post‑qualified experience, preferably ACA or equivalent with a leading professional firm background.
• Knowledge of general, commercial insurance industry practices and policies.
• Demonstrated application of IFRS 17 in a reporting environment.
• Experience supporting external audits and managing financial controls.

• Act with integrity.
• Act with due skill, care and diligence.
• Be open and co‑operative with Lloyd's, the FCA, the PRA and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standards of market conduct.
• Act to deliver good outcomes for retail customers.