Job Description

BRIEF PROFILE AND WORK EXPECTATIONS FROM THE CANDIDATE:

• Run the IND AS 117 Steercom, weekly update call with senior leaders.
• Run the IND AS 117 Project Management Office.
• IND AS 117 proforma financials as asked by the regulator.
• Actively participation on IND AS working group calls
• Track the IND AS 117 progress as per agreed project plan.
• Conducting sessions with senior leaders on IND AS 117 with the help of consultant or own its own.
• Capability building on IND AS 117 through engaging cross functional teams.
• Review the outputs of UAT, test cases and provide the sign off
• Ability to conduct process walk-throughs of current processes and highlight / recommend process gaps, flaws and process changes.
• Ability to map peer company's stand / policy choices considered on IND AS 117
• Ability to run summary presentations for facilitating discussions at various levels viz., Steer Co, parent companies, industry forums, etc.
• Understand and run IND AS 117 process and system changes related to insurance products
• Ability to review various checks and controls on data accuracy and completeness (Premium, Claims, Commission validation).
• Ability to understand data flows across systems from source to target and data architecture under Ind AS
• Having the foresight to draw down activities in a large-scale Ind AS project, list down pitfalls / bottlenecks, be solution oriented and drive the results for the work stream
• Ability to work with cross-functional teams especially actuarial and technology.

DESIRED COMPETENCES/QUALIFICATIONS:

• Chartered Accountant
• Minimum 10-15 years of experience post qualification
• Life Insurance experience in financials / Regulatory reporting or Big 4 experience in IFRS 17 implementation
• Good knowledge of IND AS, Accounting Standards, IRDAI regulations etc.

BRIEF PROFILE AND WORK EXPECTATIONS FROM THE CANDIDATE:

• Run the IND AS 117 Steercom, weekly update call with senior leaders.
• Run the IND AS 117 Project Management Office.
• IND AS 117 proforma financials as asked by the regulator.
• Actively participation on IND AS working group calls
• Track the IND AS 117 progress as per agreed project plan.
• Conducting sessions with senior leaders on IND AS 117 with the help of consultant or own its own.
• Capability building on IND AS 117 through engaging cross functional teams.
• Review the outputs of UAT, test cases and provide the sign off
• Ability to conduct process walk-throughs of current processes and highlight / recommend process gaps, flaws and process changes.
• Ability to map peer company's stand / policy choices considered on IND AS 117
• Ability to run summary presentations for facilitating discussions at various levels viz., Steer Co, parent companies, industry forums, etc.
• Understand and run IND AS 117 process and system changes related to insurance products
• Ability to review various checks and controls on data accuracy and completeness (Premium, Claims, Commission validation).
• Ability to understand data flows across systems from source to target and data architecture under Ind AS
• Having the foresight to draw down activities in a large-scale Ind AS project, list down pitfalls / bottlenecks, be solution oriented and drive the results for the work stream
• Ability to work with cross-functional teams especially actuarial and technology.

DESIRED COMPETENCES/QUALIFICATIONS:

• Chartered Accountant
• Minimum 10-15 years of experience post qualification
• Life Insurance experience in financials / Regulatory reporting or Big 4 experience in IFRS 17 implementation
• Good knowledge of IND AS, Accounting Standards, IRDAI regulations etc.

Skills Required