Policy Accounting & Control INSURANCE - Till DEC 31st 2020 Luxembourg

LU  ‐ Onsite
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Description

Policy Accounting & Control INSURANCE - Till DEC 31st 2020 Luxembourg - EU

Technical Accounting process expert. GAAP.

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

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 CFO the client Life S.A. 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 process, 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.

Main tasks/activities

  • 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 both the Life company entities across the relevant accounting valuations (US GAAP, Lux stat, EVM, Solvency II, Swiss Stat)
  • Design, support and perform user implementation 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, including on boarding of new deals
  • Perform ad-hoc tasks as required

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

Start date
ASAP
Duration
10 months
From
McCabe & Barton
Published at
22.01.2020
Project ID:
1879077
Contract type
Freelance
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