Financial Accounting

2 weeks ago

New Delhi, India Kotak Life Full time

Hello, Greeting from Kotak Life Insurance Location - Groregaon (E) Job Role - Financial Accounting Contact Person -Sangita Mandal (8369252270) Interested candidate can mail there resume at"kli.sangita-manadal@kotak.comKey Responsibilities: Work with cross functional teams to prepare the Ind AS transition roadmap Define scope, milestones, deliverables and timelines for the implementation Track progress and coordinate with external consultants, auditors and IRDAI where necessary Identify and document required accounting policy, system changes, position papers and technical memos and data requirements Prepare and review Ind AS compliant financial statements and disclosures Support parallel run and dry run of Ind AS reporting Work on first time adoption adjustments including reconciliations of equity and profit & loss Coordinate with IT to modify core insurance systems, finance ERP and reporting tools for Ind AS compliant data capture and reporting Coordinate with IT to implement new calculation and reporting systems for Ind AS 117, I09 and 116 Conduct UAT for new systems and changes made in existing system Develop and implement new controls and processes to ensure ongoing compliance Conduct workshops and training for finance, actuarial and business teams Ensure governance and approval for all Ind AS related changesQualification & Experience: Chartered Accountant (CA) or equivalent 4 years + experience in financial reporting or audit in insurance sector Prior experience in IND AS or IFRS reporting is added advantage Exposure to life insurance business processes is added advantage

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