IFRS 17 Accounting Consultant

This is a fully remote position, open to applicants in Brazil.

📋 Description

• Conduct functional analysis of processes associated with IFRS 17.

• Comprehend and document existing processes carried out in SAS, Alteryx, and various other systems.

• Create maps of current processes and assist in developing the future model in Databricks.

• Collect, assess, and document functional requirements, business rules, calculations, controls, reconciliations, and acceptance criteria.

• Identify inputs, transformations, dependencies, outputs, and integrations pertinent to IFRS 17 processes.

• Collaborate with teams from Actuarial, Accounting, Finance, and Technology.

• Convert accounting and actuarial regulations into functional requirements for Data Engineering and Development teams.

• Verify measurement rules, movements, accounting recognition, and disclosures associated with insurance contracts.

• Aid in validating contract groupings, portfolios, cohorts, and units of account.

• Confirm GMM/BBA, PAA, and VFA models where relevant.

• Evaluate and validate CSM, Risk Adjustment, future cash flows, discount curves, LRC, LIC, onerous contracts, and reinsurance held.

• Document and verify journal entries, financial events, and integrations with subledgers, the general ledger, and corporate systems.

• Reconcile source data, actuarial results, IFRS 17 movements, and accounting records.

• Develop and implement functional, integration, regression, and user acceptance tests.

• Engage in closing cycles and assess discrepancies between current and new solutions.

• Investigate inconsistencies and escalate complex issues to the relevant subject matter experts.

• Contribute to internal controls, audit trails, traceability, and governance.

• Assist with internal and external audits.

• Participate in workshops, interviews, and stakeholder meetings.

• Prepare and refresh functional documentation, operating procedures, and additional supporting materials.

• Support transition, parallel runs, go-live, and stabilization of the new solution.

⛳️ Requirements

• Hands-on experience in IFRS 17-related projects, processes, or operations.

• Background in the insurance, reinsurance, or pensions markets, or in specialized consulting for insurers.

• Familiarity with an insurer’s accounting and actuarial processes.

• Understanding of the measurement models defined by IFRS 17, particularly GMM/BBA, PAA, and VFA.

• Knowledge of CSM, Risk Adjustment, future cash flows, discount curves, LRC, LIC, onerous contracts, and reinsurance held.

• Capability to analyze processes, identify dependencies, and document functional requirements and business rules.

• Experience in designing and executing functional tests, user acceptance testing, and validating results.

• Proficiency in collaborating and interacting with Accounting, Actuarial, Finance, Technology, Data, and Audit teams.

• Excellent verbal and written communication skills.

• Strong organizational skills, analytical thinking, and attention to detail.

• Ability to work autonomously while knowing when to engage more experienced professionals.

🏝️ Benefits

• Meal and food vouchers (Swile).

• Flexible Home Office Allowance credit (Swile).

• Up to 100% coverage for medical and dental plans.

• Group life insurance.

• Childcare assistance.

• Remote work opportunities.

• Mental health benefits, including online and in-person psychotherapy.

• Support for professional certifications and courses.

• Partnerships for postgraduate and MBA programs (Esalq/USP).

• Collaborations with language schools.

• Alliances with gyms and wellness apps (Wellhub).

• Internal talks and discussion sessions.

• Referral bonuses.

• Happy hours.

• Special treats on commemorative dates.