Description
Reporting - Accounting - Financial System/process Consultant. Luxembourg based-Contract 10 months or more. porting - Accounting - Financial System/process Consultant. Luxembourg based-Contract 10 months or more.
This is a senior role for a seasoned Finance professional. Key words as you will read below are; Reporting - Accounting - Financial System/process - creating DATA Feeds & process. Knowledge of Accounting valuations USGAAP Lux Stat EVM,and more - Compliance with RISK - regulatory frameworks..
Main tasks/activities
You will join the Oracle project implementation team working with Finance and IT professionals using your experience, analytical and problem solving skills to create efficient and controlled data feeds and processes.
Work with the insurance sub ledger to Oracle processes, and improving the management of the Third Party Policy Administrator finance and accounting activity, ensuring completeness, accuracy and timeliness of incoming data
Deliver high levels of customer services in dealings with team stakeholders for the Life company and across the relevant accounting valuations (US GAAP, Lux stat, EVM, Solvency II, Swiss Stat).
Design, support and perform user acceptance testing on your areas of responsibility to ensure the ledger is working as planned.
Work with other the team members where necessary to help the preparation of timely and accurate data for internal and external reporting
Ensure compliance with the risk and control framework and the audit requirements
Contribute and support Finance related projects in relation to the Oracle implementation as requested
Perform ad-hoc tasks as required
About you
Five or more years of work experience in the financial services industry desirable, two of which in the insurance sector
University degree in Economics, Science, Accounting or Business Administration
Qualification in Accounting and/or Audit desirable
Proven history of knowledge regarding statutory accounting policies and regulatory framework
Excellent analytical skills with holistic financial thinking
Strong communication skills - ability to communicate complex issues in a clear and concise fashion
Experience in USGAAP/IFRS desirable
Proven PC skills, including Word, Excel, PowerPoint and Access
Team player with good communication skills
Engaging and motivating
We are looking for a talented individual, who can bring expertise with an enthusiastic 'can do' attitude to our team.
the client is putting in a new financial system this year and we will look to you as a key member of the specially created project team. With the training, knowledge and support provided, you will help create and drive through solutions that link Finance's insurance sub ledger to the Oracle system. Once implemented, this will be handed over to the Policy Accounting & Control team, with the knowledge you will have built up over the project period.
About the role;
The team this solution is being developed for will have numerous responsibilities as you would expect; day-to-day operational finance activities as well as accounting, reporting, analytics and commentaries according to accounting policies for Group, Local Branch & Entities, Economic, and Solvency II valuation principles for the Life company. In addition to their day to day roles, you and your industry knowledge will form a key link between the core team and the project, ensuring deliverables meet requirements and that implications of project decisions are understood and shared with the right people.
You will be reporting to the Finance Transformation project lead and undertake project implementation responsibilities to help build the processes the team will use. Together with your team-mates, your responsibilities will relate to the provision of the technical accounting processes, and assist with controlling the collation of other reporting teams into the trial balance. The focus of your role initially implementing our systems, will make you a company subject matter expert which will be essential within the team as we continuously grow as a company and look to improve our technical accounting processes that produce accurate and complete trial balances at a Legal Entity, and Branch level in the various reporting GAAPs for the client Life SA.
Further, you will follow and develop processes effectively to ensure compliance with the risk and control framework and audit requirements across all valuations. Due to the project being in flight, candidates that are immediately available would be advantageous.
Tax and Social Security requirements for Luxembourg
Please note; unless you have a Luxembourg set up you need to work via an umbrella company to pay tax and social security in country. We need this done from day one. Tax and social security is circa 24- 36% MAX, the umbrella company pay you direct into your bank every month and the take care of all administrative work - insurance/indemnity and so on. Simple, easy, legal and a must-do for EU contracts. You have nothing to do but the work you are contracted to do and send a timesheet at the end of the month. They charge 550 euros per month. This is a simple one-stop-shop and the best way to work legally in Luxembourg.
You can also register a UK (or other EU country) limited company in Luxembourg via an umbrella company and an A1 form - higher retention (higher take home for you), More like 76% but you will have to do your accounts and your Limited Company must be existing, ie you cannot create one especially to do this!.
Thanks