Insurance IFRS Specialist (Financial Services)

Position Overview

Our client is seeking to recruit an experienced IFRS 17 Specialist to support the delivery of accurate and compliant financial reporting. Reporting to the Senior Manager, Financial Reporting & Controls, the successful candidate will play a key role in maintaining IFRS 17 reporting processes, enhancing financial reporting systems, and collaborating with Finance, Actuarial, IT, and Regulatory teams to ensure timely and accurate financial reporting in Barbados.

This role requires a strong understanding of insurance accounting, IFRS 17, financial modelling, data analysis, and insurance reporting systems.

Duties & Responsibilities:

• Prepare and support the production of IFRS 17 financial statements, disclosures, and regulatory reports, ensuring accuracy and compliance with applicable accounting standards.
  
• Interpret and apply IFRS 17 requirements while supporting the ongoing enhancement of reporting processes and system functionality.
  
• Extract, consolidate, validate, and reconcile financial and actuarial data from multiple sources to support IFRS 17 reporting.
  
• Maintain the integrity of IFRS 17 reporting data through detailed reconciliations and robust financial controls.
  
• Analyse insurance results and provide financial insights to support management reporting and strategic decision-making.
  
• Monitor developments in IFRS 17 and assess the impact of changes on the Company's financial reporting framework.
  
• Lead or support post-implementation improvements to IFRS 17 processes, reporting methodologies, and system integrations.
  
• Identify opportunities to automate reporting activities and improve operational efficiency.
  
• Collaborate closely with Finance, Actuarial, IT, Regulatory Reporting, and Audit teams to ensure consistency and accuracy across financial reporting.
  
• Assist with the implementation of new accounting policies, reporting requirements, and finance transformation initiatives.
  
• Prepare supporting schedules and documentation for internal and external audits.
  
• Participate in special projects and perform other related duties as assigned.
  

• Bachelor's, Master's, or Doctoral degree in Accounting, Finance, or a related discipline.
  
• Professional accounting designation such as CPA, CA, or ACCA is highly desirable.
  
• Minimum of 3–5 years' relevant experience in insurance accounting, financial reporting, audit, or finance, depending on academic qualifications.
  
• Demonstrated experience implementing or supporting IFRS 17 reporting within the insurance sector.
  
• Strong understanding of International Financial Reporting Standards, particularly IFRS 17.
  
• Experience with financial reporting systems such as SAP, Power BI, or similar reporting and analytics platforms.
  
• Knowledge of insurance accounting, actuarial reporting concepts, and financial modelling techniques.
  
• Experience working with large datasets and performing detailed financial reconciliations.
  

Key Competencies:

• Strong analytical, problem-solving, and critical thinking skills.
  
• Excellent attention to detail with a commitment to accuracy and compliance.
  
• Effective project management and organizational skills.