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IFRS17 Project Leader

Dublin

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IFRS17 Project Leader

Dublin, Ireland | Permanent | Full time

IFRS17 Project Leader

Full time | Dublin | Ireland

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, analysing reported numbers. It contributes to business understanding, e.g. new and existing business profitability.

Purpose of the Role

The IFRS17 project leader 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

  • Lead the New Ireland/Bank of Ireland IFRS17 project, to deliver full implementation before the standard comes into force (expected FY 2021).
  • Appoint and work with external parties as required.
  • Develop an analysis 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, analyse 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

  • Leadership role in development of required new set of capabilities within New Ireland and Bank of Ireland.
  • As leading 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 5+ years 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 challenge and influence the actions of stakeholders up to and including Board level.
  • Effective leadership and team working skills.

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: Apr 06, 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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