Financial Accounting

4 weeks ago


India Kotak Life Full time

Job Description 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 [Confidential Information] Key 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 changes Qualification & 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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