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IFRS17 Project Leader

Dublin

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We know that sometimes people can be put off applying for a job if they think they can't tick every box, but if you are excited about this opportunity and think you can do most of what we are looking for, then go ahead and apply. You could be exactly what we need!

Ways of Working

At Bank of Ireland we are changing.  We are committed to enabling our colleagues to thrive and offer agile ways of working to maximise choice and flexibility in how we work and live. Varying degrees of optionality apply depending on the role.  For more detailed information on this role, please contact us, or let us know your preferred working arrangements when you apply.

Inclusion & Diversity

At the heart of our purpose is our commitment to Inclusion & Diversity: To foster an inclusive working environment where all colleagues are enabled to reach their full potential. We are working to develop a more inclusive and diverse environment, supported by the development of our Employee Support Networks.

IFRS17 Project Leader

Dublin, Ireland | Permanent | Full time

IFRS17 Project Leader

  • Dublin, Ireland
  • Full time

The Finance and Actuarial team contributes to reserving and reporting requirements of New Ireland. This includes accounting and regulatory regimes including IFRS4, Solvency II, embedded value and IFRS17 and associated information as well as Bank of Ireland mandated information. It involves, in tandem with accounting professionals, preparation of assumptions based on business analysis, managing actuarial models, examining reported numbers. It contributes to business understanding, e.g. new and existing business profitability.

Purpose of the Role

The IFRS17 project lead is responsible for implementing IFRS17, a key new accounting convention which is expected to be introduced for the insurance industry in 2023, in New Ireland/Bank of Ireland.

Key Accountabilities

  • Steer the New Ireland/Bank of Ireland IFRS17 project, to deliver full implementation before the standard comes in (expected FY 2021).
  • Appoint and work with external parties as required.
  • Develop an understanding of impact of IFRS17 on New Ireland and Bank of Ireland, considering finance and process impacts.
  • Ensure provision of appropriate training/education relating to the new standard to affected parties.
  • Ensure that, following implementation, the Finance/Actuarial team reporting on New Ireland is equipped to prepare, scrutinise and understand financial results.
  • In tandem with early stages of IFRS17 project, contribute to successful implementation of new actuarial modelling system.
  • Deliver financial, process and strategic elements of implementation.

What is the opportunity

  • Senior role in development of required new set of capabilities within New Ireland and Bank of Ireland.
  • As main authority on the new IFRS17 standard, significant high level interaction and influencing opportunities within New Ireland and Bank of Ireland and externally.
  • Responsible for upgrading and streamlining reporting and analysis capability, drawing on internal and, where required, external resources.

Essential Qualifications

Qualified actuary, with substantial post-qualification experience.

Essential Skills & Experience

  • Practical experience of working on financial reporting and Solvency II, incorporating the use of actuarial modelling and techniques.
  • Substantial post-qualification experience in the life and pensions industry, with proven experience within a relevant financial reporting role.
  • Experience of implementing and developing financial reporting frameworks.
  • Strong technical skills, including both financial modelling and reporting experience.

Desirable

  • Excellent understanding of the local and European reporting and regulatory environment including Solvency II.
  • Excellent verbal and written communication skills.
  • A proven ability to work effectivelywith, and constructively influence the actions of stakeholders up to and including Board level.
  • Effective management and team working skills.

Key Competencies

  • Competency 1: One Group, one team - People Manager
  • Competency 2: Accountable - Leader
  • Competency 3: Agile - People Manager
  • Competency 4: Manage Risk - Leader
  • Competency 5: Champion Transformation - Leader

Key Competencies

  • One Group, one team - People Manager
  • Accountable - Leader
  • Agile - People Manager
  • Manage Risk - Leader
  • Champion Transformation - Leader

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

Closing date: Jul 31, 2020

Apply now

Our application form takes just minutes to complete. If you have any questions about our application, you can contact our recruitment team directly.

 

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