About the role
We are looking for an ambitious, hands on, qualified finance professional to support our IFRS 17 implementation project. This is a great opportunity to support a high profile finance project which can be a permanent role, or longer term fixed term contract, with a view to grow into a senior finance position.
As part of our IFRS17 programme, we are about to start the implementation of a new finance system to comply with IFRS 17, using both a central and local team approach. The successful candidate will be a core part of this central team, liaising with actuarial, IT and accounting teams across the Group. They will have great exposure to all areas of the business and senior stakeholders.
Key responsibilities of the role
- Working closely with the technical accounting policy workstream to ensure the solution meets the business requirements. This will involve:
- reviewing and testing the data and reporting from source systems (actuarial, policy & administration, expense and finance ledgers) to ensure that the correct data can be sourced to drive the accounting and reporting requirements.
- Modelling business requirements and use cases as a basis for testing the configuration and outputs of the system
- Working with the vendor to ensure that the accounting & reporting solution is correctly configured and designed in readiness for validation and testing
- Becoming an SME on the product (GMM, PAA measurement models), including:
- the underlying transactions and data requirements,
- how they drive the associated accounting rule
- how to design and implement into the central solution
- how to design and configure required reporting within the system
- assistance in the knowledge transfer of the product to users across the business
- Assistance in the development of the new accounting and reporting processes to feed into the IFRS 17 product.
- Working closely with the insurance businesses across the Group (including UK, Gibraltar, the US, Spain, Italy and France) to support and develop their understanding of the central accounting & reporting solution
- Significant involvement in the design, planning and execution of the accounting & reporting solution system both from a functional and user perspective
- Supporting the testing and data workstreams
- Working with central and local project management, including local workstreams, to support planning and execution of delivery plans
After successful implementation, we would expect you to assume an important role within the central or a local finance team, potentially with senior responsibility.
Skills and Experience
- Accounting qualification such as ACA, ACCA or CIMA with a strong technical background in IFRS reporting
- Insurance experience, ideally with knowledge of IFRS 17
- Experience of accounting projects such as regulatory/ accounting standards transition/adoption
- Experience in end-to-end finance processes such as finance operations, financial close and reporting
- Strong communication and relationship management skills
- Analytical and critical thinker with problem solving attitude
- Ability to take ownership
- Organised, flexible and calm under pressure
About Admiral
We're Wales’ only FTSE 100 company. We have forward-thinking approaches and provide endless opportunities to test, learn and grow. There's a reason we've been named a Best Place to Work: our progressive culture, core values, and commitment to diversity and inclusion have created a working environment where people share ideas, aren’t afraid to speak up and change things, and above all, feel valued.
Admiral has grown from being a small start-up into a multi-national organisation. The company is constantly investigating new products, services and markets and is now present in eight countries with a diverse product portfolio.
Our success goes hand-in-hand with having a strong culture where we put our people and customers first. Our philosophy is simple yet effective: people who like what they do, do it better, and this in turn, means that our customers receive the level of service and products that they deserve. Our culture is honest, open and wholeheartedly focused on four key areas: Communication, Equality, Reward & Recognition, and Fun.
Salary, Benefits and Work-Life Balance
We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.
At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're voted no. 1 in the 2019 Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.
If you think this role is for you and would like to be considered for this opportunity, please complete an online application form.
Please note, we are unable to accept CVs via email
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