IFRS9 Advisory Specialist

Allianz Services is proud to serve and be part of Allianz Group, one of the world's leading insurers and asset managers. Our global footprint, with more than 7,300 employees located across ten countries and four continents, enables us to unlock value for our partners across the insurance value chain and deliver superior client experience within Allianz Group. At Allianz Services, we have a strong specialization in core insurance operations, shared services, business analytics, engineering, and management consulting. Our people and our trusted relationships with partners are what matter most. These are rooted in our values of compassion, integrity, and expertise and we strive to continuously evolve, improve, and deliver excellence while contributing successfully to the transformation of Allianz. Caring actively for the environment, for people, and for our customers is what makes us a great place to work and together we are shaping a better and more caring tomorrow.

Allianz Services is a company which belongs to the legal entity, Allianz Technology SE.

Job role
We are currently seeking a highly skilled Investment Accountant to become part of our team at our Bucharest office. The individual will be collaborating with the IFRS9 Competence Center of the Group Accounting and Reporting Hub

The IFRS9 Investments Competence Center ("ICC") ensures the appropriate classification and measurement data delivery for investments in the scope of IFRS 9. The team's main task is to provide expert judgements in connection with the so-called SPPI test for classification of financial assets and the determination of impairments on these instruments. Based on our strong accounting and methodological skills, we have extensive experience in Group Accounting and Reporting ("GAR") in guiding the Group wide IFRS 9 process together with the Allianz Operating Entities ("OEs"). Based on the extensive investment and accounting expertise, we aim at integrating further accounting- and investment-related topics like impairments and the central oversight on this topic.

What Will You Do

• Provide expert judgement on IFRS 9 classification, measurement as well as impairment requirements for the financial instruments held in the relevant Allianz portfolios and determine their appropriate accounting treatment
• Support the global steering and consistent determination of the investment classification for the Allianz Group in close cooperation with local entities, asset managers and GAR
• Ensure the correct and consistent application of the IFRS 9 impairment requirements (ECL, write-off, POCI) throughout the Allianz Group by centrally steering and monitoring compliance with the respective Group accounting policies
• Update and refine the applicable IFRS accounting guidance under IFRS 9 in agreement with the Allianz Group Accounting Policy Department and the Group auditor (PwC)
• Actively support the improvement of the Central SPPI and Impairment Engines in close alignment with IDS, OEs and GAR
• Foster the implementation of innovative technological solutions, based on artificial intelligence etc.
• Support in projects and special tasks of the Investment Accounting
• Reviews and recommends improvements to the internal control environment in the investment accounting and operations processes

What You Bring

• Strong academic background in Accounting, Finance or Banks
• Expertise in accounting for financial instruments with a focus on IFRS 9 classification and measurement as well as impairment requirements
• Experience in working in an international environment (Big4 or similar company) as well as working on local and Group-level with focus on accounting policies
• Fluent in English (German language is a plus)
• Excellent technical and analytical skills, logical in approach and high attention to detail
• Goal-oriented work with a clear focus on the relevant key aspects
• Good user skills MS Office, understanding of data flows
• ACCA, CECCAR or similar diplomas are a plus

You have

• Ability to adapt to on-going change and work in a fast-paced, deadline intensive environment and committed to resolving complex requests
• Strong analytical, interpersonal, intercultural, communication and organizational skills
• Ability to think in processes and process dependencies as well as ensure deliverables are connected with operating plans
• Strong ability to multi-task and appropriately prioritize tasks to meet deadlines
• Self-motivated and proven "can do" attitude

What We Offer
We support your well-being
We foster an inclusive and healthy workplace with a flexible hybrid working model:

• Experience access to counseling services, mental health resources, and well-being sessions designed to keep you feeling your best
• Enjoy a monthly budget via the Benefit platform, for personalized benefits packages, including comprehensive medical subscriptions, meal tickets, private pensions plans, life insurance, Allianz Tiriac insurance discounts, and many more.
• Prioritize what truly matters with time off for your birthday, extra days off for each year in Allianz (up to 5), days off for legal holidays that fall on weekends, as well as 24th and 31st of December, plus special allowances to support diverse life events.

We invest in your growth
Benefit from an extensive learning curriculum designed to support your career advancement and meet your professional needs, with access to technical and soft-skills trainings, international certifications (Agile, Lean Six Sigma, Prince, ITIL, IFOA, ACCA, IACCM and more), learning resources from LinkedIn and Allianz platforms, opportunities to advance your languages skills(German, French, English) and elevate with our leadership Program.

We value you and your work
We acknowledge and recognize your work through performance based-rewards to celebrate your achievements, team and individual recognition programs to celebrate your contributions and internal referral bonuses.

Your personal information, including sensitive data, may be shared with Hiring Managers to assess your suitability as a candidate. Only suitable candidates will be contacted, and all applications are confidential. Allianz Group, a trusted global insurance and asset management company, values employee ambitions and challenges, fostering an empowering environment. We are committed to diversity and inclusion, welcoming applications from all backgrounds, regardless of ethnicity, age, gender, nationality, religion, disability, or sexual orientation. Allianz is an equal opportunity employer, encouraging you to bring your whole self to work.