Ifrs 17 Lead - London Hybrid

£90,000 to £100,000 dependent on experienceIFRS 17 Lead£90,000 - £100,000 per annum12 – 18 Month FTCLondon HybridAs our IFRS 17 Lead, you will be responsible for key IFRS17 reporting deliverables within the Insurance business.If you are a qualified Finance Manager, who has worked in the insurance industry and gained experience of implementing a defined reporting process;
either IFRS 17 or Solvency II, this will be a great career move with scope of future development.
As our IFRS 17 Finance Manager, you'll be fully responsible for key Finance deliverables under both IFRS and regulatory solvency capital requirements within the Saga Insurance business, ensuring outputs are completed on time and validated through shared understanding.Reporting into our Finance Director you will be the lead SME for IFRS17 within Saga Insurance, acting as the key liaison between finance and actuarial departments to ensure results are reported under IFRS17 both accurately and within required reporting deadlines.Taking the existing processes and knowledge and working with colleagues across the business to ensure the understanding is embedded into the regular management and statutory finance reporting cycles.At Saga, we work flexibly, which means our colleagues have autonomy over where they work— at home or in a hybrid setting.
This role has a small hybrid element, which means that our team comes together when we need to collaborate;
typically, the minimum office requirement would be to attend team sessions quarterly.Role ResponsibilityOur new Finance Manager for IFRS17 will be accountable for production of the regulatory reporting processes for Saga, covering the following areas of responsibilities;
Validation and review of IFRS17 balance sheet as part of standard month end cycle, including reconciliation of claims with the actuarial teamOperationalising and integrating the new IFRS17 accounting standard into regular monthly reporting and forecasting cycles, working with actuarial colleagues to systemise inputs, with analysis of key movements across P&L and balance sheet to required deadlinesProviding appropriate challenge and support to the commercial teams in order to deliver bi-monthly IFRS17 forecasts and longer term balance sheet projectionsSupporting preparation of annual statutory accounts for AICL while liaising with company auditors to facilitate and monitor responses to the AICL audit planSupporting the Financial Controller in the maintenance of a robust control environment and the enhancement and testing of the financial control frameworkInputting into the planning and budgeting cycle for Underwriting and Claims entitiesContinuous design and improvement of existing financial reporting to satisfy business requirements and support commercial decision makingSupporting system development, implementation and change to deliver process improvement and enhanced management reportingCoaching and developing other team members, leading by example and providing motivation within both AICL Finance and the wider Saga Finance teamThe Ideal CandidateWe are keen to appoint a technical finance expert who has prior working knowledge of IFRS 17 or Solvency II.
Candidates will need to have the following qualifications and experience;
Hold a professional qualification in accountancy such as ACA/ACCA/CIMA, likely to be 5+ years post qualified experience for this level of role and responsibility.A detailed understanding of an Insurance balance sheet, with experience of actuarial claims reserving processes would be particularly advantageous.Experience of either IFRS17 or Solvency II implementation and reporting processes.A flair for systems and process efficiency, particularly MS Excel skills.Demonstrate excellent communication skills, both written and verbal.
Have the natural ability to quickly build relationships across the organisation and explain complex principles at an appropriate level of detail, depending on the audienceCurious and proactive – seeking solutions and deeper understanding of the 'why' and 'how'.Have excellent time management skills with the ability to work under pressure whilst balancing multiple deliverables and priorities.Exceptionally high attention to detail, with the ability to review (both themselves and peers) and feedback accordingly.Package DescriptionEveryday our colleagues deliver exceptional experiences to our customers.
We believe exceptional work deserves even more exceptional rewards, thats why we have put together an amazing benefits package for all colleagues.We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.BENEFITS AVAILABLE TO ALL COLLEAGUES:
Our working week is 35 hours per week, these can be worked flexibly to suit your working style25 days holiday + bank holidaysOption to purchase additional leave up to 5 extra daysPension scheme matched up to 10%Life assurance policy on joining usWellbeing programmeColleague discounts including family discounts on cruises and holidaysRange of reductions and offers from leading retailers, travel groups and entertainment companiesEnhanced maternity and paternity leaveGrandparents leaveCompany performance related annual bonus - Up to 5%Income protectionAccess to Saga Academy, our bespoke learning platformAbout the CompanyOver the past 70 years we have become the UKs specialist provider of products and services to people aged over 50 in the UK.
The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service.
These include cruises and holidays, insurance, personal finance and the Saga Magazine.At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement.
We value diversity not just because it is the right thing to do, but because diverse teams perform better.Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity.
We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required.
For more information on our DEI policies please visit our Saga Careers page.Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team.
Please do not forward CVs to our recruiters, employees or any other company location.
Saga will not be responsible for any fees related to CVs received in this unsolicited manner.Job Reference:
saga/TP/56250/3060