Accounting Analyst

Critical Tasks and Expected Contributions/Results:

• Completion of Phase 2 and 3 of NBB Finance Controls Framework Documentation Project.

• Responsible for ongoing maintenance of NBB Finance Controls Framework Documentation (post-Project).

• Responsible for the accounting for the LHB business (GAAP/IFRS 4):

  • Monthly closing of accounts in Oracle including posting of manual journals

  • Preparation of monthly and adhoc journals including supporting documentation

  • Maintenance of LHB memberwise report for UPR and DAC computation

  • Monthly balance sheet reconciliations for all accounts in line with US SOX requirements

• Responsible for the preparation of the IFRS 17 accounts:

  • Monthly IFRS 17 runs (including preparation of data files) and data / output validations

  • Reconciliations between IFRS 4 trial balance (Oracle IFRS ledger) to IFRS 17 trial balance (FastPost)

• Responsible for the preparation of LHB captive reinsurance statements, invoices and reconciliations

• Complete quarterly and year end reporting exhibits to Head Office in line with timetable

• Support in annual external audit

• Review of manual processes to propose and implement changes to make them more efficient and reduce risk

• Support the enhancements and User Acceptance Testing (UAT) for LHB system and processes, to ensure that all accounting requirements are catered for

• Supporting the wider finance team in various ad hoc projects

Key Challenges/Anticipated Changes in Environment:

• Familiarity with finance reporting risk and controls documentation.

• Ongoing enhancements of IFRS 17 systems and processes including data challenges

• Manual LHB processes

• Be able to juggle priorities and work under pressure to meet tight deadlines.

• Be high degree of personal, high intellect, strong financial acumen; with professional integrity and be able to balance and apply accounting principles in a commercial setting

Developmental Value of Position:

• Works well independently and takes ownership to influence team environment

• Possess a deep hunger and willingness to experiment in order to learn and grow further

• Dynamic individual with strong communication and interpersonal skills to productively interact with different colleagues

Experience/Knowledge, Education and Other Requirements:

• Fully qualified accountant

• External audit experience

• Experience in SOX or similar financial reporting internal controls documentation is preferrable

• Experience of monthly accounting close process in a fast-paced environment

• Experience in insurance and within an international environment is preferable

• Familiar with MAS regulatory reporting requirements

• Focus on strong control environment and experience of balance sheet reconciliations

• US GAAP knowledge is preferable

• IFRS 17 knowledge is preferable

• Able to work under pressure and meet key deadlines

• Experience on Oracle or similar General Ledger packages

• Strong excel and general PC skills are essential

Personal Competencies Required:

• Team player who has a hands-on approach to achieving objectives with ability to motivate self and others

• Results oriented individual with a drive for continuous improvement

• Flexibility with the ability to prioritize work to ensure tight deadlines are met

• Responsible individual who is used to dealing with people at all levels of the organization

• Strong communication skills, both written and verbal

• Attention to detail

About The Cigna Group