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JOB PURPOSE:
The IFRS 17 Reporting Specialist is responsible for assisting with the preparation of regulatory filings as well as the financial statements, footnotes, and management discussion and analysis. The person is also responsible for the coordination and execution of the external reporting process, including cordination with external auditors. The Reporting Specialist will work with various departments within the Company, representing Financial Reporting to ensure that needs and requirements are properly communicated and achieved. As a result, this position requires strong inter-personal and communication skills. The ability to manage multiple tasks and work under time pressure are also critical to this role in addition to a strong background in accounting and USGAAP/IFRS requirements. The successful candidate will play a key role in maintaining the integrity of our financial statements and supporting our commitment to transparency and regulatory compliance.
DESCRIPTION:
Knowledge and experience in IFRS 4 reporting and the relation with IFRS 17 standard .
Build and development of IFRS 4 to IFRS 17 reconciliation processes and templates.
Developing the chart of accounts, mappings, ledger postings and drafting report performance.
Prepare IFRS 17 workflows and develop enhancements where applicable.
Prepare/update accounting policies and preparation manual for IFRS 17.
Participate in automation of processes for IFRS 17
Assist with the preparation of financial statements and Regulatory Returns on a monthly, quarterly, and annual basis.
Working closely with external auditors for the smooth completion of all audit processes for IFRS 17 Reporting and any other requirements that may be assigned.
Analyze and interpret complex financial data related to insurance contracts cohorts.
Develop variance driver’s metric for quarter Management review.
Prepare/update accounting policies manual for IFRS 17.
Communicating financial data to non-financial managers.
Responds to financial inquiries from regulators by gathering, analyzing, summarizing, and interpreting data.
Assist in developing automated worksheets, eliminating duplication, coordinating information requirements.
Support Reporting Supervisor and Manager in preparing update reports, ad-hoc analysis and presentation to Management.
Supporting Operational Readiness activities such as carrying out data reconciliations and carrying out opening balance sheet activities.
Assists in training other associates in all IFRS 17 areas.
Any additional tasks that may be assigned from time to time.
COMMUNICATIONS & WORKING RELATIONSHIPS:
Internal: Chief Financial Officer, Financial Controller, Accounting Manager, IT, Customer Service, , Internal Audit and others Gulf & Regional Department Heads.
External: External Auditors & Regulators
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Bachelor’s degree in accounting (preferred), or Finance, Business Administration, Economics or other related fields.
Minimum of 3+ years financial reporting experience.
2 - 5+ years audit experience or/ and 3 - 5 years proven experience in similar reporting role in an MNC with multiple reporting requirements.
Arabic Speaker is required.
Professional accounting designation (CPA, ACCA, CA.) is highly desired.
knowledge of financial reporting frameworks like USGAAP & IFRS.
Experience in risk assessment and internal controls framework implementation.
Expert knowledge of financial statement preparation, financial reporting, financial analyses,
Proficient in Microsoft Office applications (Word, Excel, etc.)
COMPETENCIES REQUIRED:
Leadership skills.
Strong communication skills
Business acumen.
Structured & organized.
Detail oriented and analytical.
Highly motivated with a strong sense of duty.
Time management.
Stress management.
Interest for process improvement and demonstrate innovation.
Flexible on changes and challenges exiting processes.
DETAILS TO REGISTER FOR THIS JOB:
https://jobs.metlife.com/job/Dubai-Senior-Accountant/1071873400/?feedId=209900&utm_source=Indeed&utm_campaign=MetLife_IndeedApplied For Many Jobs, But Didn't Get Any Interview Calls? Apply For This Job Using a Branded AI-compliant ATS-Friendly CV from Dubai-Forever.Com.
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