IFRS17 Technical Accounting Expert

IFRS 17 Technical Accounting Expert

Cedar are partnering with a government department who require a IFRS 17 Technical Accounting Expert with demonstrable direct IFRS 17 practical implementation experience as well as a substantive background of creating Accounting Policy papers.

Contract: 12 months

Daily rate: 700- 800 per day Inside IR35

Location: London

Working Pattern: Hybrid

Key responsibilities:

• Provide IFRS 17 technical accounting advice and guidance and develop technical papers (where needed) in accordance with the organisations governance requirements.
• Build and develop Excel spreadsheets to perform accounting and modelling calculations required to identify data gaps, validate systems outputs, and meet other Programme requirements.
• Support transition execution approach and plan, covering the opening balances and comparative financial statements.
• Support with Audit engagement requirements and respond to queries.
• Support the implementation of the related IT solutions (including the General Ledger, IFRS 17 Calculation Engine and Sub-Ledgers), including any related processes and controls for end-to-end reporting.
• Support the Finance Function in testing activity, including ensuring testing issues are resolved on a timely basis.
• Support the development and implementation of the Accounting Rules, Chart of Accounts, ledger posting and IFRS 17 disclosures.
• Analyse the data inputs/outputs to/from the Calculation Engine and General Ledger, ensuring the outputs meet the reporting requirements, investigating any issues and recommending potential changes.
• Work closely with all stakeholders, including Delivery Partner, Auditors, and other internal and external stakeholders.
• Assist in ensuring that reporting solutions used across the Finance function are fit for purpose in the roll out of IFRS 17.
• Present or support presenters on financial reporting matters at training events.
• As appropriate, maintain a robust control environment in accordance with good practice and the organisation's risk framework.
• Provide administrative, logistical, and other support as required by Programme.
• Other ad hoc tasks as required by the Project to ensure business readiness for IFRS 17 (e.g., GL data cleansing, resolving data issues, and supporting data migration).

Essential Experience

• Practical IFRS 17 implementation experience.
• Ability to provide IFRS 17 technical accounting advice and guidance.
• Building and development of Excel models performing accounting and modelling calculations.
• Preparation of Transition Accounts.
• Design and support of new processes, controls, and timetable.
• Design, implementation and testing of the future state systems and solutions.
• Previous government or public sector is desirable but not essential