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Financial Controller job in Sydney

Vacancy has expired

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Sydney Everest Insurance

Job Ref:  R4702
Employer:  Everest Insurance
Sector:  Investment
P&C/General Insurance/Non-Life
Qualifications:  Unclassified
Software:  Excel
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Australia
City:  Sydney
Post Code:  Not specified
Map: 

Description

Title:
Financial Controller

Company:
Everest Service Company Australia Branch

Job Category:
Finance

Job Description:

Who are we?

Everest is a leading global reinsurance and insurance organization with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through underwriting excellence and strong risk and capital management.

At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest's value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.

Summary

An exciting opportunity has arisen for a Financial Controller to join a General Insurance operation launching in Australia. This is a global underwriting leader providing best-in-class property, casualty and specialty reinsurance and insurance solutions.

We are seeking a highly skilled and experienced Financial Controller that will be responsible for overseeing all financial operations, ensuring compliance with accounting standards (especially AASB17) and having a strong background in general insurance.

Key Accountabilities:
  • Preparing financial statements in accordance with Australian and International Accounting Standards, especially IFRS 17 / AASB 17
  • Preparing monthly / quarterly / annual reports for management, including profit and loss statements, balance sheets, and cash flow statements
  • Quarterly preparation and submission of APRA Returns
  • Develop and implement financial policies, procedures, and controls to ensure compliance with regulatory requirements
  • Building processes and procedures that will cater for the growth of the business
  • Set up the Accounts Payable and Accounts Receivable functions and transition to the Finance Operations Manager
  • Preparing and analysing budgets and forecasts
  • Ensuring compliance with government regulations
  • Monthly Balance Sheet account reconciliation
  • Preparation and lodgement of the various indirect taxes and duties (GST, Stamp Duty, etc)
  • Annual preparation of the APRA returns and working with the External Auditors
  • Co-ordinate the annual submissions to APRA
  • Working with the Appointed Actuary and Chief Risk Officer
  • Support with the preparation of the annual ICAAP Report and 3 Year Business Plan
  • Work with external tax advisers in preparing the annual tax returns, Fringe Benefits Tax Return and Transfer Pricing documentation
  • Work closely with managers across all departments of the organisation
  • Stay updated on industry trends, regulatory changes, and best practices in financial reporting


Additional duties include:
  • Work with the CFO and other International Finance/Actuarial teams in the testing and roll out of various systems (new General Ledger, Reinsurance, Data Lake and IFRS/AASB 17 Reporting Tool)
  • Set up the APRA reporting process using the new systems being rolled out
  • Set-up and document processes and procedures on the new systems


Qualifications, Education & Experience:
  • CPA or CA qualified
  • Proven experience within the General Insurance industry
  • Strong knowledge of IFRS 17 / AASB17 reporting standards
  • Experience with the various indirect taxes associated with general insurance policies and filings with the relevant Government departments


Knowledge, Skills & Competencies:
  • Excellent understanding of financial accounting principles and practices
  • Strong analytical and problem-solving skills, with the ability to interpret complex financial data
  • Advanced proficiency in financial software and Microsoft Excel and experience in implementing systems
  • Exceptional attention to detail and accuracy
  • Excellent communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels
  • Strong leadership and people management skills
  • Ability to work under pressure and meet tight deadlines


Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

  • Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
  • Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.


Type:
Regular

Time Type:
Full time

Primary Location:
Sydney, Australia

Additional Locations:

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