IFRS 17 Business Analyst (Financial Services) Senior Consultant, Business Consulting

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

We are the only professional services organisation who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective. Aligned to key industry groups including asset management, banking and capital markets, insurance and private equity, we provide integrated consulting, assurance, tax, and transaction services.

The Opportunity

EY’s Business Consulting professionals bring a wealth of experience in working with major financial institutions to align their operating model and infrastructure to their business’ strategic objectives. We assemble the right multi-disciplinary teams, use consistent and proven global methodologies and tools, and draw on the full breadth of EY’s global network, to deliver value and trusted advice to the clients. The key service offerings cover finance function transformation, customer and distribution effectiveness, operations, shared services / outsourcing support, performance management, program advisory, enterprise intelligence, risk management and regulatory change.

With the recent introduction of the IFRS 17 accounting standards, EY is looking for individuals who are able to perform and lead as a business analyst to prepare/ review of user requirements, review functional designs to support IFRS 17 project deliverables.

Your Key Responsibilities

As markets rapidly change and develop, finance functions must demonstrate real added value to their business. As a finance advisor, you’ll use your experience and knowledge to help deliver greater insight – delivering functional efficiencies as well as transforming the role of finance in our clients’ businesses. You’ll be developing innovative, sustainable ways to improve the management of people, processes and systems, working alongside other finance professionals in high-performing teams.

For the IFRS 17 component, you will be required to perform the following:

• Define and consolidate business requirements for the IFRS 17 implementation and formulate the functional design for solutioning. This will require coordination with IT, actuarial and finance teams.
• You will be required to understand, communicate and assess major risks and issues that may potentially occur during the IFRS 17 implementation.
• Manage end-to-end system and User Acceptance Testing.
• Provide participation and feedback on the policies, procedures and processes for financial planning and reporting that is required for IFRS17.
• Perform stakeholder management so that the necessary information is made aware for stakeholder decision.

Skills and Attributes for Success

• Good understanding of IFRS 17 requirements, economic or market issues and the ability to interpret their impact on clients.
• Highly numerate
• A strong understanding of the Insurance and Reinsurance industry
• Strong communications skills and evident working with people and teams from different ethnic backgrounds.
• Leverage technology to continually learn, improve service delivery and maintain our leading-edge best practices
• Strong presentation skills and proficiency in the use of PowerPoint, Word and Excel
• Ability to direct high-performing teams across the organization through strong leadership, coaching and mentoring skills.

To Qualify for the role, you must have

• Bachelor or master’s degree with a minimum of 3 years’ working experience, preferably with a year in a business consulting role in a leading consultancy firm.
• Qualified or part qualified accountant
• Strong business acumen within the financial sector, with experience in the following discipline:
• Have hands-on experience in both design and implementation with the ability to articulate best practices and drive workshops.
• Extensive experience working as a business analyst within the insurance industry with knowledge in finance processes and basic actuarial understanding.

• Proven capabilities in delivering business transformation projects and programs, Finance Transformation projects and / or Financial Operating Model would be an advantage.
• Ability to establish personal credibility quickly and deliver high quality deliverables.
• Demonstrated key subject matter expert with the ability to develop thought leadership and deliver solutions for clients.

Ideally, you’ll also have

• Experience of working within ASEAN
• Strong stakeholder management skills in understanding strategic direction and being able to convert into cohesive change management strategy and plans
• Ability to develop client opportunities and identify market growth opportunities
• Ability to support the business development cycle

What we look for

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you’ll be a confident team player that collaborates with people from various teams while looking to develop your career in a dynamic organization

What we offer

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
The exceptional EY experience. It’s yours to build.

For further information, and to apply, please visit our website via the “Apply” button below.