Manager- IFRS 17 Implementation

Highlight of the engagement opportunity

Nature of role: Full time

Number of years of experience expected: - (4 – 12) years

Areas of past experience preferred: Development and implementation of requirements under IFRS 17 and IndAS 117. Educational qualification expected: Graduate/ Postgraduate/ Qualified and part qualified actuaries Additional qualifications/ certifications required: NonePreferable additional certifications: FRM / CFA / MBA / CQF / CAPreferred geography of previous work experience: India / Europe / APAC / USLanguage requirements: Ability to write and speak fluentlyin EnglishApplication experience preferable: MS Excel, VBA, Python, R, and / or other industry leading investment and accounting systems for insurers. Key responsibility areas: Assist in the development of an end-to-end solution of IFRS 17 to facilitate IFRS 17 reporting and calculations.

Test and validate system functionality to ensure accuracy and compliance. Collaborate with cross-functional teams, including actuarial, finance, IT, and other relevant stakeholders, to ensure a smooth and timely transition to the new accounting standard. Interpret the requirements of IFRS 17 and assess their impact on the organization's financial reporting.

Ensure the organization's practices, policies, and accounting treatments align with the standard's provisions. Oversee the preparation and presentation of financial statements and disclosures related to insurance contracts under IFRS 17. Ensure accuracy, completeness, and adherence to the standard's guidelines.

Conduct training sessions for finance and accounting teams to increase awareness and understanding of IFRS 17 requirements. Provide guidance and support to ensure consistent application across the organization. Extensive experience in system validation and implementation engagements covering aspects such as BRD creation, FSD review, system configuration, SIT, UAT etc.

Demonstrate functional understanding and interface with clientele during implementation engagements. Lead and drive day-to-day execution of assigned client projects. Other important information:Work permit requirements: Either Indian Citizen or having valid works in IndiaPeriod of engagement: Full time

Probation period: 6 months

Compensation: Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process.Performance incentives: Typically, all roles at Acies have a performance incentive. Specific aspects will be discussed during the compensation discussion

Leave: 22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement. Other benefits: Other employment benefits including medical insurance will be informed during the compensation discussion.

Career growth for full-time roles: Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process. Career opportunities for part-time roles: Conversion of part-time roles to full-time roles depends on both performance of the individual and business needs.

You are encouraged to ask about the prospects as you interact with Acies personnel during the selection process. Global mobility: Acies encourages mobility across our offices. Such mobility is, however, subject to business needs and regulations governing immigration and employment in various countries.

Selection process:We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:Personal interviews: There are expected to be at least 2 -3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved.

Final discussion on career and compensation: Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion. It is recommended that you prepare on the following aspects before the selection process:Demonstrate knowledge about IFRS 17 accounting standard for insurance contracts.

Demonstrate understanding of insurance contracts, actuarial methodologies, and financial reporting principles

Demonstrate experience in implementing IFRS 17 within the insurance industry or related financial sector.For any additional queries you may have, you can send a LinkedIn InMail to us, connect with us at or e-mail us at *******@acies.holdings.How to reach us:Should you wish to apply for this job, please reach out to us directly through LinkedIn or apply on our website career page -