Financial Accounting

4 days ago

Goregaon, Maharashtra, India Kotak Life Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Hello,

Greeting from Kotak Life Insurance

Location - Groregaon (E)

Job Role - Financial Accounting

Contact Person -
Sangita Mandal

Interested candidate can mail there resume at
"kli.sangita-

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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