Finance Accounting and Reporting Expert (Polish GAAP)

FAR Expert (Polish GAAP)

Place of work: Cracow

Job purpose:

We are seeking a FAR Expert for the new Zurich Branch in Poland. The person will play a central role in establishing accounting environment and work closely with finance teams to meet accounting and reporting needs. As the FAR Expert, he/she will lead daily accounting tasks and ensure month-end financial and tax reports align with business objectives and comply with IFRS and Polish GAAP.

Responsibilities:

• Be actively involved in setting up the accounting and tax environment of the new Branch, including assistance in preparation of the Accounting Policy and other procedures required for finance,
• Support the Finance Manager, CFO and local Finance Team in various financial topics,
• Provide Group and external reporting according to IFRS and Polish GAAP (Ustawa o Rachunkowości),
• Knowledge and understanding of IFRS and Polish GAAP, including special accounting regulations for insurers, ability to explain the GAAP-to-GAAP differences,
• Understand Tax calculations and perform Tax walkthrough analysis as per the Polish Tax requirements,
• Review various closing activities e.g. maintenance of interfaces to Sub ledger, FX revaluation, regrouping,
• Be actively involved in the implementation of small to medium project efforts and supporting the accounting operation,
• Document and update process changes to reflect current processes and contributing to continuous improvement,
• Understand ICFR Zurich framework, execute controls and advise on those to the less experienced Team Members,
• Act as the technical & subject matter expert in general accounting principles, by conducting Account Reconciliation reviews and initiating changes to ensure the quality of the balance and financial records,
• Coordination between Cracow, Warsaw and Austrian Teams on operational day-to-day and ad hoc activities.

If you are looking for an opportunity to use your accounting and finance expertise across the organization

this opportunity might be a great fit for you.

Candidate’s profile:

• Master’s Degree and 6 or more years of experience in Accounting or Finance,
• Knowledge and experience with IFRS and Polish GAAP (Ustawa o Rachunkowości),
• Good knowledge of Polish tax background (CIT and VAT),
• Advanced knowledge and understanding of accounting principles, including special accounting regulations for insurers
• Strong analytical skills with ability to summarize and present the results,
• Microsoft Office experience – intermediate to advanced (power tool is a plus),
• English language skills – spoken and written at fluent level,
• German language skills is a plus.

We offer:

• real life opportunities to develop and grow with us and contribute to the world around us
• competitive salaries, language allowance and an employee benefits package that includes among others medical insurance, life insurance and sport-card
• annual bonus depending on company annual results and individual performance
• wide range of learning programs and personal development opportunities including also possibility to apply for up to 80% of educational trainings reimbursement
• referral awards
• online fitness trainings
• hybrid work
• nice and friendly atmosphere

Who we are:

Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil. The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.

In March 2016 we established a Shared Service Centre in Kraków, in Poland to support our global strategy. It is from this location that we have created a global shared service platform, focusing on advanced business functions such as financial accounting and reporting, planning and performance management, ICFR testing, financial systems management as well as HR integrated talent management operations.