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Finance Transformation Manager - IFRS17 and Controls Transformation

Date: May 26, 2021

Location: London, United Kingdom

Company: KPMG UK

This is a fascinating time for Financial Services and our firm. While there are significant challenges, the opportunities to lead and reshape the future have never been greater. Clients are placing a premium on the services provided by the advisors they trust. As a global leading professional services firm with over 17,000 staff in the UK alone and a track-record of delivering market-leading solutions, we work collaboratively with our clients to develop strong relationships and become their advisors of choice.

Joining KPMG means joining a talented team of exceptional colleagues who bring innovative thoughts and a natural curiosity to the work they do each day. No one type of person succeeds at KPMG; a diverse business requires diverse personalities, characters and perspectives. There really is a place for you here.
Department Information and Context In Financial Transformation, we improve the effectiveness and efficiency of the Finance function and generate real insights to help deliver value to the business. Our mission statement is to create a sustainable practice which is recognized as being number one in the industry.

Our Financial Transformation practice is a priority area for significant and strategic growth and the team works with leading Investment and Retail Banks and Insurance, focusing on understanding the core issues and opportunities, in order to deliver value-adding change across their Finance & Risk functions. The key drivers of change for our Insurance clients are integration, regulatory change, cost reduction and Finance optimisation and our service offerings reflect this demand.
Roles & Responsibilities Successful candidates should have excellent insurance Industry experience, and in particular in-depth knowledge of their Finance function. They should also be able to demonstrate the following:

Client Delivery
• Mobilising and leading major workstreams on complex projects/programmes, with accountability for the successful delivery of client outcomes.
• Work in an project environment managing client staff, contractor staff and KPMG employees as part of mixed project teams.
• Design and deliver complex client solutions, including embedding these within technology applications.
• Analyse business drivers of Financial Services firms to enable the design of fit for purpose client solutions
• Ownership and review of analysis and reports delivered to clients

Business Development
• The candidate will need to build and leverage both internal and external relationships to support Partners and Directors in driving business development and sales activities
• Develop core propositions such as our UK Sox, IFRS17 propositions in Insurance.
• Lead the pursuit of business development opportunities including writing proposals.
• Demonstrate a keen commercial understanding, the role KPMG plays in delivering market opportunities.

Practice Development
• Leading the development of processes and initiatives that are key to scaling the business.
• Perform a lead role in forming internally generated solutions to support our key propositions.
• Lead, and form teams to support, the development of initiatives that grow and promote the practice internally and externally.

People Management
• Assist with goal development and coaching of staff to enable the growth of the junior management team within the FS FT practice.
• Support the development of junior team members through formal EPM training as well as informal coaching & mentoring.

Skills, Experience & Qualifications

For IFRS17 specific roles within FT practice we look for:
1. A robust understanding of the reporting required in an IFRS17 regime, as well as the underlying accounting logic that underpins this.
2. A candidate that can articulate the process and systems architecture that underpins the design of the IFRS17 reporting solution.
3. An understanding of the possible implications on the staff, roles and structures in the finance and actuarial function.

Controls Transformation.
For controls transformation and UK Sox roles we look for:
1. A clear understanding of the regulatory environment around internal controls, including the Brydon review and the ongoing consultation of the UK Sox regime.
2. Demonstrates experience of operating either in a SOx regime or a similar internal controls reporting regime. Can explain the challenges and best practice in executing a SOx style controls testing and controls reporting environment.
3. Can bring expertise in best in class process and controls knowledge, specific to Life and GI sector that could be brought to life through an internal controls transformation.
4. An appreciation of how to work in a project environment, the set up, their roles and the role of external parties on these transformations.

Additional skills & experience
• Experience of analysis Strategic and business drivers of Financial Services
• Broad knowledge of the Finance function and Finance operating models
• Strong people manager who is able to lead large teams and develop/coach others
• Experience of working on Client sales team and developing strong Client relationships
• Experience working with and influencing senior stakeholders
• Programme and project management experience
• Strong analytical and numerical skills
• Ability to create and deliver high level presentations and output reviews to senior executives/stakeholders and business managers
• Ability to review and challenge information that has been provided by other team members, ensuring the information is ‘fit for purpose’ and at the right level of granularity

Additional skills and experience (preferred)
• Accountancy qualification with strong post qualification experience (or equivalent experience).

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