Project Director – Insurance Accounting Standards
5 days ago
We are seeking a highly skilled and experienced Project Manager to lead the successful implementation of Ind AS 117 within our organization. This role requires a deep understanding of IFRS 17 / Ind AS 117 principles, strong project management skills, and the ability to collaborate effectively with various stakeholders across the organization.
Key Responsibilities:- Project Planning and Execution:
- Develop and manage a detailed project plan for Ind AS 117 implementation, including timelines, resources, budget, and risk assessment.
- Define project scope, objectives, and deliverables in collaboration with key stakeholders.
- Track progress, identify potential roadblocks, and implement corrective actions to ensure timely completion of project milestones.
- IFRS 17 Expertise:
- Collaborate with the team to gain a strong understanding of Ind AS 117 requirements and their implications for the insurance industry.
- Stay abreast of the latest developments and guidance on Ind AS 117.
- Provide guidance and support to the project team on Ind AS 117 related matters.
- Stakeholder Management:
- Effectively communicate project updates, challenges, and successes to senior management, project sponsors, and other stakeholders.
- Build and maintain strong relationships with cross-functional teams, including actuarial, finance, IT, and operations.
- Facilitate workshops and training sessions to ensure all stakeholders understand the impact of Ind AS 117.
- Liaise with procurement team to engage external consultants and software platforms as part of implementation.
- Data and Systems Management:
- Oversee the collection, validation, and analysis of data required for Ind AS 117 compliance.
- Collaborate with IT to assess and implement necessary system changes or upgrades to support Ind AS 117 reporting.
- Ensure data integrity and accuracy throughout the implementation process.
- Documentation and Reporting:
- Develop and maintain comprehensive project documentation, including project plans, meeting minutes, and risk registers.
- Prepare regular progress reports for senior management and the project steering committee.
- Quality Assurance:
- Implement quality control measures to ensure the accuracy and completeness of Ind AS 117 reporting.
- Conduct regular reviews and audits to identify and address any potential issues.
- Bachelor's degree in Accounting, Finance, Actuarial Science, or a related field.
- Professional accounting designation (e.g., CPA, CA, ACCA) is preferred.
- 5+ years of experience in project management, with a proven track record of successful project delivery.
- Strong understanding of insurance accounting principles and practices.
- In-depth knowledge of Ind AS 117 / IFRS 17 and its implementation requirements.
- Excellent communication, interpersonal, and presentation skills.
- Strong analytical and problem-solving abilities.
- Proficient in project management tools and software.
Bonus points for experience with Ind AS 117 / IFRS 17 implementation in the insurance industry, knowledge of actuarial modeling and valuation techniques, and familiarity with data management and reporting systems.
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