About The Role

As part of the GCAO team and within the P&C controlling and closing team, the position will be mainly focused on

Solvency 2 closing activities
Analyse the Solvency 2 position checks and follow the corrections with local closing teams
Participate in the elaboration of Solvency reportings (QRT, SFCR…)
Development of specific features of P&C finance tool (OMEGA)
IFRS 17 closing activities
Coordinate closing activities with local closing team
Participate in the P&L/BS analysis
Become a point of reference for I17 financial statements analysis
Development of tools to perform gap analysis between standards (mostly EBS vs IFRS 17)

The position will as well participate to the overall P&C technical closing process

Within P&C central closing and controlling team , this position will be dedicated to reporting activities across closing GAAPs (IFRS4, EBS and IFRS17) working closely with underwriting and other finance teams.

Mains activities will be

1/ Support and follow the computation of Solvency 2 Best Estimate and the associated reporting in collaboration with an other member of the team

The employee will be in particular in charge of

Check and analyse the Solvency 2 positions using the control tools in place
Compute and improve specific Solvency 2 computation from dedicated process
Prepare Quaterly Best Estimates presentation for their sign off
Participate in the completion of the QRT and the completion of their audit trail in the filing system
Ensure continuation of the Solvency 2 process chain to the consolidation tool
Work on the Solvency 2 audit trail and documentation in preparation of the Solvency 2 audit (automation of reconciliation, dashboard construction...)
Participate in the automation of manual processes in Omega (business requirement, testing...)

As the point of contact for other stakeholders outside the team, the person will have to monitor and support the work of other teams on EBS (Pillar 3, local closing teams...)

2/ Be in charge of IFRS 17 and Solvency 2 gap analysis

Develop tools to measure each steps moving from Solvency 2 figures to IFRS 17 ones
Document the computation of each of these steps
Develop and analyse coherence checks between the standards

3/ Become a point of reference for local and central closing teams regarding the understanding and analysis of the I17 financial statements (P&L, Balance sheet, Roll forward 1&2...)

4/ Participate to the closing activities accross all GAAPs (baseline, IFRS 17 and Solvency II) supporting other members of the team in:

Be the main point of contact for local closing team
Production of closing deliverables
Participation to the implementation of controls already developped

5/ Participate to ad hoc projects or workstreams as needed

Experience

Minimum 5/6 years in a (re)insurance company’s finance or technical department, or in a consulting / audit firm in the (re)insurance area
Experience in P&C business

Personal competencies

Expertise in results’control and analysis/reporting
Expertise in reinsurance business or retrocession would be appreciated
Knowledge in IFRS17 and/or Solvency II environments
Accounting skills would be appreciated

Soft skills

Curious
Flexible
Rigorous
Proactive
The candidate shall have strong capabilities to adapt himself / herself to a challenging and demanding environment
Ability to work in a project mode