IFRS 17 Senior financial Consultant - (F/H) PARIS

Location 75-PARIS, France
Experience level Experienced Hire
Job details sector Finance, Control and Strategy
Apply before Date not available
Job Purpose:
At AXA head-office, acts as an expert member of the AXA Group Accounting Policy team, which is responsible for the correct application of accounting principles used for the publication of the Group financial statements under IFRS:
  • Participates to the implementation of new IFRS accounting policies, in particular the new standard on insurance contracts for which the holder of the positon will work in collaboration with the IFRS17 program team
  • Advisor on IFRS accounting for AXA business transactions
  • Contributes in preparing AXA consolidated financial statements
The Group Accounting Policy team is part of the Planning Budgets Results Central (PBRC) department within the AXA Group Finance department.  
The IFRS 17 norm on insurance contracts was issued in May 2017 and applies to annual reporting periods beginning on or after 1 January 2021. IFRS 17, combined with IFRS 9 on financial instruments, represents the biggest accounting change for insurers in many years. The consequences of that new standard are not limited to a change in the measurement approach of technical reserves, the timing of P&L recognition and in the presentation of insurance companies’ financial statements. IFRS 17 requires also important changes in core systems and processes used in financial reporting; in operating models with higher interaction (or convergence) between actuarial and financial resources, in performance measurement and in financial communication. Once in place it will have also consequences in capital management, product design and investment strategies.
Within PBRC, the Group Norms team works closely in collaboration with the IFRS17 program team who is in charge, from a Group perspective, of the monitoring of the implementation of the IFRS17 norm. The scope of the collaboration covers the aspects related to Finance, Accounting, and Reporting.
In this context, the Group Norms team is recruiting an expert manager.
Key Accountabilities:
The position includes the assistance to the Head of Group Accounting Policies in the following areas:
  • Tracks accounting developments and performs initial assessments, testing of related impacts to the Group (e.g. new authoritative literature and interpretations) in particular on IFRS 17
  • From time to time, represents the Group in external national and international IFRS forums (CFO Forum, HUB, ANC, ACTEO, FFA), in particular in the context of the IFRS 17 project
  • Takes part in the implementation process of new accounting policies (on IFRS 17 by collaborating with the IFRS 17 program team):  
    • Definition of the accounting policies/options/guidance
    • Definition of the new Chart of Accounts and required additional disclosures
    • Trainings for entities and the management
    • Instructions for the dry runs and parallel run, coordination and consolidation of the results with PBRC Conso/Reporting team
  • Contributes to the contents and application of the Group’s Accounting Policy Manual on IFRS basis by the follow-up of:
    • new standards (in particular IFRS 17) and the need to review and/or update Group’s accounting policies and reporting tools
    • the answers to technical accounting issues submitted by entities/poles or resulting from changes in accounting principles (in particular IFRS 17)
    • the updates and approvals from various subject experts, AXA management and Group Auditors 
  • Advisor on IFRS accounting for AXA business transactions (business combinations, sales of businesses, insurance and reinsurance operations, financial instruments, income taxes …) with strong interactions with other departments of the AXA head-office (Central Finance, Group Legal, GroupTax, Group Investments, Investors Relations) and AXA operational entities
  • Contributes in preparing some aspects of the AXA consolidated financial statements
  • Take part to the documentation process of technical issues encountered during closings to ensure good awareness within PBRC of appropriate accounting treatment for following similar operations
  • Contributes to the preparation and delivery of regular accounting trainings
  • Performs enquiries in peers IFRS practices

Main Competencies:
To perform this role, the individual must have required experience in the following areas: 
  • Demonstrable current and developing IFRS technical experience in all areas including insurance 
  • High degree of autonomy and initiative
  • Taste for enquiries, dialogue
  • Team worker with a clear ability to build high quality relationships with all stakeholders
  • Excellent communication skills (oral and written)
  • Fluent operational English
  • Ability to explain technical data and highlight key risks for non-technical people
  • Capacity to influence
  • High level of result orientation and ability to work under challenging timelines
  • Minimum 8-10 years experience in finance related function (audit firm, PBR, corporate function…)

Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.

In a fast-evolving world and with a presence in 64 countries, our 165,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 107 million customers.


The headquarters of the AXA Group, based in Paris 8th, brings together the Group's corporate activities. It coordinates the various entities with the Group's strategy, and is responsible for managing international projects. The headquarters has approximately 800 employees and is distinguished by its strong international culture (39 nationalities).