Project Director – Insurance Accounting Standards

5 days ago

Hyderabad, Telangana, India Kshema Full time
Project Manager – Ind AS 117 Implementation

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.
    Requirements:
    • 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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