IFRS 17- Financial Control- Actuarial - Global Finance

Job description

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If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance is integral to HSBC's purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking a high calibre professional to join our team as an IFRS 17- Financial Control- Actuarial.

Principal Responsibilities

The role holder will be a member of the integrated financial reporting team within the broader Finance team, and will have frequent interaction with the CFO and Chief Actuary and other members of business management including CEO, CRO, COO and Chief Investment Officer.

The role holder will be responsible for a portfolio of deliverables relating to management of IFRS 17 financial reporting risk , working in tandem with CFO, Chief Actuarial, IFRS 17 reporting head, Global integrated reporting team and Head of financial control .

The role holder will also support effective communication of financial results and financial risk with entity Board, Audit and Risk committees (quarterly), and Executive Committee (monthly) where required.

The role holder will bring, and build on, an existing knowledge on financial reporting/shareholder reporting, Embedded Value, RBC and consolidation processes. The role holder will have experience in dealing with stakeholders both within the Finance function and actuarial function. Ideally this experience will have been gained in the life insurance industry, and will include a working knowledge of typical life insurance products, insurance accounting (including embedded value reporting), actuarial and operational accounting processes.

Key areas of responsibility for the role would be to:

• Understand and review IFRS 17 financial reporting results in conjunction with the Chief Financial Officer, and lead the communication of the actuarial result drivers to the wider finance function
• Understand end-to-end financial reporting, actuarial/accounting and capital management processes and initiatives, and identify opportunities to improve and streamline those processes in preparation for IFRS 17 implementation
• Review reporting practice and procedures, identifying areas for continuous improvement, and then facilitating change including working closely with both internal and external stakeholders (including Auditor, Regulators, Investment, Operations, Products and Distribution and other teams) where required
• Provide coordination, support and review of the governance papers with all finance matters to be communicated in a clear and concise manner
• Support key finance change within the business to ensure we deliver the necessary outcomes, for example provision of FC oversight of IFRS 17 delivery, together with the CFO and project team
• Oversee all financial reporting function including IFRS, HKFRS and regulatory reporting

Requirements

Requirements

• Professional actuarial qualification and relevant post-qualification experience from either IFoA or SOA
• Experience and expertise in the management of financial, shareholder and regulatory reporting processes
• Knowledge and understanding of major technical components of the insurance financial statements and their dynamics will be highly advantageous, ideally combined with a familiarity with a range of life insurance products and accounting frameworks, including embedded value measures
• Experience from partnering closely with finance and wider business stakeholders
• Proven team working skills, ideally in an international environment
• Strong communication skills (including written English), with the ability to manage multiple stakeholders, both internal and external, and conflicting priorities
• Strong sense of risk management and controls
• A mind set of continuous improvement and aiming for excellence

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Issued by The Hongkong and Shanghai Banking Corporation Limited.