IFRS 17 Technical Accounting Expert

Description:

When it comes to exporting, having a great product or service is only half the story. Putting the right finance and insurance in place can make the difference, helping you to win contracts, fulfil orders and get paid.

UK Export Finance is the UK government's export credit agency. We support exports for any size company and across all industries, from capital goods to services and intangibles like intellectual property. Our mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.

The Financial Control Division (FCD) is a friendly, dynamic, and fast-paced team working at the heart of UK Export Finance. We are responsible for ensuring that effective financial control processes are in place. We coordinate the Department's estimates, budgets and forecasting processes. We produce accurate and reliable monthly management accounts, annual accounts, and other published financial information. We manage the UKEF bank accounts, purchase ledger, fixed asset registers and the general ledger (CODA). We advise on accounting treatments, own the UKEF accounting policies and are working with others across the organisation and beyond to implement large-scale changes in our accounting policy, systems, and processes in order to operationalise IFRS 9 and IFRS 17 for 2025-26 reporting.

It's an exciting time to join us as we support a business that is at the heart of delivering government export and trade policy to build the UK economy back stronger. We are also in a unique period of transition as we prepare to implement IFRS 9 and IFRS 17 accounting standards that will affect how we account for nearly all our front-line business. This will also involve implementing new systems, including a new general ledger and new processes. The successful applicant will be supporting the Financial Control Division during this busy period of change.

As an IFRS 17 Technical Accounting Expert your main responsibilities would be:

Providing IFRS 17 technical accounting advice and guidance
Building and developing Excel models performing accounting and modelling calculations
Preparing UKEF's Transition Accounts
Designing and supporting new processes, controls, and Working Day Timetables (WDT)
Designing, implementing, and testing the future state systems and solutions
Supporting the wider FRC Programme
To succeed, you will be a high-performing, fully qualified accountant with excellent IFRS 17 technical accounting knowledge and practical experience in implementing this standard.
The candidate will have a proven ability to deliver to challenging
You will be forward-thinking, able to understand and interpret complex accounting standards (particularly IFRS 17) and assess the impact of their application, analyse financial data, and communicate and present information to suit the needs of the user (all in a UKEF and central government context).
You will be providing accounting advice and supporting the implementation of accounting policies. You will be working with other experienced and qualified accountants and non-financial professionals within a wider, supportive, and collaborative environment. You will work with and forge good working relationships with colleagues across the department, including underwriters, claims handlers, risk analysts and externally with auditors.
You will be a results-driven and ambitious team player who is able to work at a fast pace in a pressurised environment, have excellent attention to detail and possess the ability to build productive working relationships at all levels.

Person Specification

We are looking for a self-driven and highly technical finance professional with knowledge and practical experience in IFRS 17 (re)insurance accounting/reporting and strong expertise in data modelling and Excel. The individual should also have strong analytical and communication skills, the ability to grasp new concepts quickly, and keen attention to detail.

This role would suit a candidate with a strong knowledge of insurance concepts and practical experience in financial reporting and accounting for (re)insurance contracts (and related processes).

The candidate should have a strong appreciation of controls and governance, be capable of working independently in a fast-paced, multi-faceted environment and be enthusiastic about working collaboratively with a range of internal and external stakeholders.

PLEASE NOTE:

Due to the urgent need to fulfil this role, the successful candidate must have active SC Clearance at the point of application

You will need to provide details of the following:

SC Clearance held by:

Date last used:

Expiry Date:

Essential

Fully Qualified Accountant
Fully Qualified Accountant with IFRS 17 experience
Experience of Implementing accounting policies
Stakeholder management and engagement experience
Advanced Excel data modelling skills and experience

DE&I commitment

UKEF guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group.

Armed Forces Covenant

UKEF is proud to support the Armed Forces Covenant and as such, we guarantee to interview all veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all the essential criteria, we will interview the best candidates from within that group.

In applying for this role, you acknowledge the following, this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different.

Please be aware that this role can only be worked within the UK and not Overseas