Finance Specialist - IFRS Measurement Challenger


What does this job entail?


KBC Group’s consolidated financial statements are prepared according to the International Financial Reporting Standards (IFRS). A fascinating world where a good knowledge of business is combined with an in-depth knowledge of IFRS.


As an IFRS Measurement Challenger, you perform an important role as this challenger role of Finance aims to reduce the financial reporting risk by providing an unbiased assessment of whether:

  • measurements (with a focus on models and management judgement) used in the consolidated financial statements of the KBC Group are compliant with IFRS requirements and corresponding KBC internal guidelines ;
  • these measurements (i.e. output of the model or result of management judgment) are reasonable.


The challenger role is a shared responsibility of Local and Group Finance departments, where also resources from other departments can be leveraged.

Therefore, you will work closely together with colleagues from your own team at group level, those from similar teams in group entities and colleagues who work on the business side of the bank. This adds an interesting international dimension to your job.



What do we expect from you?


  • You will challenge the (evolutions of) the measurement of expected credit losses or insurance liabilities.
  • You will critically analyze the Group’s policies, models and financial reporting to ensure that the reporting of KBC Group is compliant with IFRS and other applicable regulations.
  • You will analyze and challenge to a certain extent the underlying models to make sure that there are no “black box” results being used in the reported figures.
  • You will include the outcome of your challenging in reporting towards senior management.
  • You will provide the Group’s different entities and management with ad hoc advice with respect to the interpretation of relevant IFRS principles regarding measurement, model implementations and regarding different business and finance related questions.
  • You will act as contact person regarding expected credit losses or insurance liabilities towards internal (e.g. Investor Relations) and external parties (e.g. external auditor, ECB, EBA).



Your key strengths?


  • You have a Master’s degree in Economics and at least three years of relevant experience. As a result, you’re familiar with IFRS (ideally within the banking and or insurance sector).
  • You communicate smoothly and convincingly in English, whether spoken or written, incorporating complicated matters into your message, clearly informing others about legal subjects, and performing similar tasks.
  • Your analysis skills are among your greatest strengths.
  • You notice details and are interested in working with numbers.
  • You effortlessly make the distinction between essentials and side issues, which enables you to draw the main conclusion from these numbers to bring to management.
  • You can work independently; you enjoy taking the initiative, are critical.
  • You know that the end-result is what counts and act in a pragmatic manner.
  • You have no problem organizing your own work efficiently, even when you have various assignments with deadlines.
  • To you cooperation means involving all relevant people and building bridges by taking into account all parties’ perspectives.



What can we offer you?


  • A challenging job, in the truest sense of the word.
  • The opportunity to interact with senior management by providing input on key decisions in the context of financial reporting.
  • The possibility to closely interact with the local finance departments of the group entities as well as with other head office departments.
  • We offer you an exceptional range of training and development opportunities to help you develop your full potential. You are encouraged to keep growing, as a person and a professional. You are given the necessary coaching.
  • You will receive a permanent contract with a competitive compensation package.
  • As KBC is focused on innovation and digitization, the context of your work is particularly engaging.
  • The culture on the work floor at KBC is friendly, empowering and people-driven. You have a great deal of autonomy in your job.
  • You are also welcome to work from home part of the time.
  • We value a good balance between your work and private life.




  • meal voucher card with an employer's contribution of 26 CZK, totaling 125 CZK / weekday 
  • Cafeteria benefit system = 675 CZK per month (paid by the employer) = 8.100 Kč 
  • Multisport card paid by employer 
  • company laptop, discounted mobile tariffs 
  • fully paid hard / soft skills courses (MS Excel, Stylistic Writing, Presentation skills, Time & Stress management, Conflict handling etc.) 
  • up to 1000 CZK for life insurance 
  • fruit days twice a week in winter, ice cream days in summer 
  • free ČSOB employee account and other ČSOB products with a bonus (e.g. mortgage) 
  • indefinite employment contract 
  • possibility of working from home, 25 days of holiday, 3 My Days (extra holiday)


By applying for this position, you hereby confirm that you possess all necessary permissions to stay and work in the Czech Republic.



Contract Type:  Full-time
Category:  Controlling / Accounting / Finance
Level of Experience: 
Region:  Czech Republic - Hlavní město Praha
Company:  KBC Global Services Czech Branch