IFRS17 Integration Engineer at Jubilee Insurance

Role Purpose

• The IFRS17 Integrations Analyst will be responsible for the implementation and integration of IFRS 17 standards within our financial systems and processes. This role involves collaborating with cross-functional teams, analyzing integration requirements, and ensuring seamless integration of financial data and reporting systems in compliance with IFRS 17 regulations.

Main Responsibilities

Strategic Functions

• Collaborate with finance, actuarial, and IT teams to gather and analyse business and integration requirements for IFRS 17 compliance & reporting.
• Detailed analysis, design and documentation of integration requirements.
• Configured and customize financial software applications to meet integration needs.
• Successful system integrations meeting IFRS 17 requirements
• Ensure the integration design aligns with IFRS 17 standards and company policies.
• Stay abreast of emerging technologies and industry trends to make recommendations for strategic enhancements.
• Support integrations within the Enterprise Service Bus.

Operational Functions

• Assist in the selection and implementation of integration software solutions.
• Configure the IFRS 17 integrations to meet business requirements and regulatory standards.
• Develop test plans and conduct system testing to ensure the solution meets the specified requirements.
• Work with data management teams to ensure the integrity and accuracy of financial data used in IFRS 17 reporting.
• Define data extraction, transformation, and loading (ETL) processes for IFRS 17 calculations and reporting.
• Ensure data consistency and reconciliation between the IFRS 17 system and other financial systems.
• Provide ongoing support and maintenance for the IFRS 17 system, including troubleshooting issues and implementing system integration enhancements.
• Monitor integration pipelines performance and ensure the timely production of IFRS 17 reports.
• Develop and Support Integrations running in the Enterprise Service Bus.
• Develop and deliver training materials and sessions for end-users.

Corporate Governance

• Ensure timely data flow to IFRS 17 System & other related systems to ensure compliance with regulatory requirements.
• Prepare and submit regular compliance reports to management.
• Stay updated on changes in IFRS 17 standards and ensure the system reflects these changes.
• People and Culture
• Promoting Cross-Functional Teamwork: Collaborate with finance, actuarial, and IT teams to align on IFRS 17 goals, fostering a culture of cooperation and shared success.
• Enhancing Capability through Training: Develop and deliver training materials and sessions for end-users, empowering staff with the knowledge to leverage IFRS 17 integrations.
• Encouraging Accountability: Ensure high standards of data accuracy and compliance, reinforcing a culture of responsibility and trust within the team.
• Supporting Innovation: Stay abreast of emerging technologies and recommend enhancements, contributing to a forward-thinking and adaptive organizational culture.
• Building Stakeholder Relationships: Provide ongoing support and regular updates to stakeholders, strengtheningtrust and communication across departments

Key Competencies.

• Comprehensive documentation of business and system integration requirements for IFRS 17 implementation and compliance.
• Successful configuration and customization of the IFRS 17 integration with other systems to meet business needs.
• Seamless integration of the IFRS 17 system with existing financial and actuarial systems.
• Validation of system outputs to ensure accuracy and compliance with IFRS 17 standards.
• Accurate and consistent data extraction, transformation, and loading (ETL) processes.
• Regular reconciliation reports between the IFRS 17 system and other financial systems.
• Regular updates and reports to stakeholders on data flow between IFRS 17 and other systems.

Key Deliverables

• Comprehensive documentation of business and system integration requirements for IFRS 17 implementation and compliance.
• Successful configuration and customization of the IFRS 17 integration with other systems to meet business needs.
• Seamless integration of the IFRS 17 system with existing financial and actuarial systems.
• Validation of system outputs to ensure accuracy and compliance with IFRS 17 standards.
• Accurate and consistent data extraction, transformation, and loading (ETL) processes.
• Regular reconciliation reports between the IFRS 17 system and other financial systems.
• Regular updates and reports to stakeholders on data flow between IFRS 17 and other systems.

Qualifications

• Bachelor's degree in computer science, Information Systems, or a related field.
• A professional accounting qualification (e.g., CPA, ACA, ACCA, CIMA) is a plus.

Relevant Experience

• Experience in system analysis, design, integration and implementation, preferably within the finance, baking or insurance sector.
• Strong understanding of IFRS 17 standards and financial reporting requirements.
• Proficiency in data management and analysis tools (e.g., SQL, Excel, ETL tools).
• Experience with REST, Soap and Graph technologies.
• Experience in Object Oriented Programming Languages such as Java, Python.
• Experience with Application Gateways such as Azure, WS02, etc.
• Experience in working with Enterprise Service Bus Software.
• Experience with ERP systems and financial software (e.g., Oracle) is desirable.