Investment Accountant | NSW - Sydney

Job reference number: ALL/ALL/EXT/1357824

When you work at Allianz, you're part of a strong global insurer, helping to protect over 3 million Australians. We value diverse thinking, so your ideas and innovative mindset will be warmly welcomed. You'll experience a friendly environment working with talented people, where you'll be included and have your capabilities recognised. And you'll be supported to reach your full potential and enjoy an enriching career.

Investment Accountant

  • Make your mark in this newly created role
  • Be responsible for the implementation of the new Financial instruments accounting standard
  • Add value with your investment accounting and reporting experience
  • Based in centre of the Sydney CBD

We are looking for someone who thrives in a collaborative environment and enjoys building strong working relationships with finance and business stakeholders.  The successful candidate must be innovative in their approach in order to implement the new investment system and new Financial instruments accounting standard to manage the increase in complexity and ongoing changes in the accounting process. They will enhance the efficiency of the existing team and effectively fulfil Allianz's investment reporting obligations .

Work as part of a dedicated and high performing team, the responsibilities of this role may include but are not limited to:

  • Understanding of and involvement in current investment reporting process,
  • Working with Group IT, Group accounting centre, external custodian bank and fund managers to implement  the new investment accounting system,
  • Set up workflows in the new investment accounting system to correctly book all the securities in the investment portfolio under IFRS 9 & IAS 39,
  • Set up reports in the new investment system to meet reporting requirements based on IFRS 9 & IAS 39, Group accounting guidelines, Solvency II and local regulatory reporting requirements,
  • Set up monthly business process for internal investment accounting function,
  • Responsible for UATs
  • Maintaining integrity of the new investment system
  • Month-end reconciliation procedures
  • Month-end investment reporting to internal business units, Group and local regulators.
  • Ensuring sufficient relevant documentation is provided for audit purposes.
  • Ensure all procedures are kept up-to-date.

 The key skills & experience desired for this position are as follows:-

  • At least 4 years' experience in investment accounting
  • CA or CPA qualified
  • Exceptional time management and prioritising skills, strong ability to meet tight and competing deadlines
  • A positive, proactive and resilient attitude to embrace change and innovation in our fast changing environment
  • Knowledge of AASB 139, AASB 9 is essential
  • Knowledge of SAP Financial Asset Management function is preferable

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