IFRS17 Accounting

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed. At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone’s ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what’s happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch. Key accountabilities for detailed design phase

• To assist with various investigation/ assessment to understand the impact of technical interpretation to the current solution and propose solutions.
• To assist with the system/ process implementation to meet IFRS 17 data/ process requirements as a result from technical interpretation
• To assess and document the future IFRS 17 reporting process according to the regional office’s requirement and translate it into Prudential Indonesia’s processes and controls
• To assess and document the process and controls for the opening Balance Sheet
• To understand the current accounting system (sunGL) and how it will be updated/ reconfigured to be align with IFRS 17 requirements from the regional office
• To assist the work related to transition, for instances: populating the historical information, monitor and review the development of the tools, proposing solutions when data is unavailable
• Manage the team within the workstream assigned to ensure that the deliverables can be provided in a timeline basis
• Develop business requirements for disclosure and reporting.
• Redesign the posting rules of business events and mapping to sub-ledger.
• Design mapping of Chart of Accounts in sub-ledger to the regional’s Chart of Accounts in General Ledger
• Support data architecture and design

For future phases of the programme This role will work with development and implementation teams on configuration of SUN GL, sub ledger and testing of reporting and related reconciliation controls and business readiness activities in implementation phases. For all phases of the programme

• Work closely with other work-stream teams to support them in syndicating, validating and implementing accounting processes.
• Conduct interviews and workshops with stakeholders.
• Work with stakeholders to ensure subject matter experts input and review subledger work stream deliverables.
• Work closely with the project team, including the Data, Systems and Actuarial work streams where the delivery of work-stream requires multidisciplinary collaboration
• Build and manage relationships with key local contacts / stakeholders
• Provide insight on industry practices to stakeholders to facilitate project deliverables
• Manage vendors

Candidate Specifications :

• At least three years of experience in insurance accounting/ projects, such as Insurance Finance change management, life insurance consulting or life insurance reporting/ accountings.
• A strong leader with a proven track record on large scale projects within a highly complex hierarchy/functional organisation across multiple jurisdictions.
• Excellent communication, interpersonal and organisational skills – experience working with senior executives is preferred.
• A demonstrable interest in IFRS 17; Solvency II knowledge would be beneficial.
• Comfortable working with uncertainty, highly adaptable.
• General Ledger implementation experience preferably SUN GL experience.
• Knowledge of Sun GL functionality is preferable.
• Fluent in both spoken and written English (ability to speak one or more Asian languages desirable)
• Willing to travel (although not extensively)
• Qualified accountant

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Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.