IFRS17 Business Validation Analyst

Title: IFRS17 Business Validation Analyst - Insurance - £400 per day

Programme description: The programme is responsible for delivering new statutory policies (IFRS9 and IFRS17) for the UK company through business, data and system change. The change requires close engagement with both actuarial and accounting business teams. The programme extends to Q1 2022.

Given the programme brings together group delivered systems, local change (data sourcing/manual processes) and business impact, an analyst is needed to run the end to end validation (including Group prescribed parallel runs) to highlight any incomplete delivery against regulatory guidelines. The analyst will work closely with both the analyst and test change teams.

Responsibilities:

• Identify and resolve gaps in end to end IFRS17 solution. This can include but not be limited to:
• Validate completeness of business requirements against accounting standards and technical papers.
• Run workshops with business SMEs to identify and document requirements where details not sufficiently complete to implement/ validate required change.
• Manage the identification of solutions for any missing requirements, which could involve assessment of current state (business process & systems) and engagement with business users/architects to propose practical solution options.
• Define and validate 'end-end test' run book based on requirements, 'to be business processes' and business SME engagement.
• Monitor completeness of 'end-end test' by monitoring run book activity completeness and accuracy.
• Monitor simplifications and assumptions applied during testing and manage delivery risk by ensuring removal from subsequent test phases or/and highlighting concerns.
• Produce status report and end of business test phase completeness report to programme governance bodies e.g. steering committee.
• Ensure requirements are delivered as expected by (1) clarifying/documenting any incomplete requirements, (2) supporting questions from delivery teams; and (3) monitoring user acceptance testing (UAT)

Required experience:

• Previous finance change delivery including regulatory or/and statutory change.
• Process definition, requirements documentation, business process and data validation.
• Involved in end-end project delivery
• Lead a team of analysts or/and testers, providing guidance and support.
• UAT and requirements traceability
• NOTE - the role is INSIDE IR35