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About the Role
The Redion ANZ Finance team is seeking an experienced Insurance Accountant to oversee and manage insurance accounting activities in New Zealand. This role is critical for ensuring compliance with local accounting requirements and delivering high-quality insurance technical accounting, especially given the RBNZ's requirement for fully separated New Zealand reporting. The position will also support the daily implementation of insurance technical accounting processes within the context of legal framework transformation and new accounting tool rollout.
Responsibilities
- Perform and review the Capital Plan and ICAAP for Australia and New Zealand.
- Support capital calculations and reporting requirements under the New Zealand regulatory framework.
- Develop and run ICAAP scenarios, including sensitivity and scenario analysis.
- Conduct stress testing for the Prescribed Capital Amount (PCA).
- Contribute to Recovery Planning, including documentation and scenario development.
- Ensure compliance with all regulatory capital standards and internal governance requirements.
- Prepare capital analysis, insights, and commentary for senior management and Board reporting.
- Liaise with APRA, RBNZ, and internal regulatory teams as required.
- Coordinate with Group Finance and Group Risk on capital methodologies, assumptions, and reporting requirements.
- Support regulatory submissions and respond to regulator queries.
- Contribute to the development, enhancement, and maintenance of capital models and methodologies.
- Analyse capital drivers, trends, and sensitivities across the ANZ portfolio.
- Provide insights to support capital planning, forecasting, and strategic decision-making.
- Support the implementation and testing of system enhancements related to capital calculations and reporting.
- Contribute to the design and execution of internal controls over capital reporting.
- Participate in finance transformation initiatives impacting capital, reporting, or regulatory processes.
- Provide analytical support to the Head of Capital and Investment.
- Assist with cross-functional projects involving Finance, Risk, Actuarial, and Group teams.
Requirements
- Strong understanding of insurance accounting principles, including IFRS 17.
- Experience with technical accounting processes such as premiums, commissions, claims, and reserves.
- Ability to work effectively in a dual-country, multi-stakeholder environment.
- Experience with system testing or finance transformation projects is an advantage.
- Strong communication and stakeholder-management skills.
- High level of integrity, accountability, and professional judgement.
- Collaborative mindset with the ability to build trust across teams.
- Proactive, solution-oriented approach to problem-solving.
- Commitment to continuous improvement and operational excellence.
Skills
- Insurance accounting principles
- IFRS 17
- Premiums
- Commissions
- Claims
- Reserves
- Capital Calculation
- ICAAP
- Regulatory Reporting
- Stress Testing
- Recovery Planning
- Stakeholder Management
- System Testing
- Finance Transformation
Location
- New Zealand
Work Type
- Full-time
Experience Level
- Experienced
About the Company
- Redion ANZ Finance team operates within a dual country environment (Australia and New Zealand).
- The company is a complex, international organisation.