
Chief Manager
1 week ago
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.
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