Finance Transformation Analyst (ifrs 17 And Subledger Implementation)
Singapore, Singapore
Job Description
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Chubb is currently in the midst of a global Finance Transformation program. As part of this program the company has decided to implement a new Insurance Subledger System to meet the needs of Chubb\xe2\x80\x99s Finance Target Operating Model. The new Subledger System will be at the heart of its future management and statutory reporting and therefore will also have to take into account future accounting changes such as US GAAP LDTI (Long Duration Targeted Improvements) and IFRS 17. IFRS 17 is an international insurance accounting standard change that will impact the statutory financial reporting for a number of Chubb entities in Asia-Pacific, Latin America, Eurasia, Africa & Canada. A pilot implementation of the new Finance System is currently underway with future IFRS 17 and LDTI roll outs to countries and regions expected in the coming years.
We are looking for candidates who are interested to be significantly involved in a strategic Subledger System implementation and can support us in setting direction and driving our Subledger delivery. This role is a hands-on but high-profile role within our global finance organization.
Key responsibilities:
- Contributes to the definition and documentation of detailed business requirements for the new accounting and reporting solution
- Works closely with the accounting policy and actuarial workstreams to ensure the solution meets the business requirements
- Works closely with the regions and countries to support and develop their understanding of the central accounting & reporting solution
- Responsibilities include modelling business requirements and lifecycle use cases as a basis for configuring the new accounting and reporting solution.
- Responsibilities include the design, planning and execution of the new accounting and reporting solution both from a functional and user perspective
- Support and investigates system tests
- Works with central and local project management, central and relevant local workstreams to support planning and execution of delivery plans
- Actively supports the transition of knowledge of the new across the global organization
Other attributes
- Insurance product knowledge and associated accounting expertise
- Experience in Regulatory/accounting transformation/conversion
- Understanding of finance architecture and data flows
- Business analysis skills \xe2\x80\x93 including structured documentation and accounting modelling
- Process analysis skills
Skills
Technical Skills
- IFRS knowledge and/or US GAAP accounting (e.g. IFRS 4, IFRS 17, US GAAP, LDTI)
- IFRS and/or GAAP conversion experience
- Financial reporting knowledge
Process Specific Skills
- Analytical and quantitative problem-solving skills
- Technical understanding of key areas of composite and/or life insurance
Soft Skills
- Interest and drive to support and be involved in the longer-term strategic Finance Transformation, LDTI, IFRS change initiatives
- Communication skills (verbal and written) and the ability to communicate and influence senior stakeholders
- Able to manage senior stakeholders
- Able to work in a matrix management environment
Education Requirements
- Preferred Bachelor\xe2\x80\x99s degree in accounting, statistics, economics or related.
- Preferred professional qualification in accounting or actuarial (Chartered accountant or Member of an Actuarial Association)
Work Experience Requirements
- Minimum of 1-3 years post qualification experience in the insurance sector (including audit and/or consulting experience).
- Knowledge of insurance business processes pertaining to accounting and financial reporting, operational processes and requirements.
- Experience with IFRS17 concepts and principles preferred.
- Experience operating in a global organization (with exposure to accounting, business and IT functions preferred)
- Business analytics with a focus on the accounting environment (where solutions to overcome business/accounting challenges can be evidenced)
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Job Detail
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Job IdJD1292623
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationSingapore, Singapore
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EducationNot mentioned