A Position Overview
AM - Finance and Accounts
Ind AS Project
As per HR Policy
Role Summary: To ensure compliance to the procurement process while ensuring business requirements are met within targeted timelines and quality parameters
B Organizational Relationships:
C Job Dimensions:
Geographic Area Covered
Parent & Group Companies, Auditors, Consultants
D Job description:
Ind AS / IFRS
. Ensure detail analysis (including preparation of technical memos) and understanding of IFRS / IND AS, specifically on Ind AS / IFRS for Financial Instruments, Insurance Contracts, Leases.
. Ability to understand data flows across systems from source to target and data architecture under Ind AS / IFRS. Ability to conduct process walk-throughs of current processes and highlight / recommend process gaps, flaws and process changes.
. Experience of handling proforma reporting requirements of IRDA on Ind AS / IFRS.
Finance domain knowledge
. Experience of closing books of accounts on a monthly, quarterly and annual basis, post passing all necessary closing entries.
. Reviewing provisions for expenses, expense trending and explanation of variances.
. Scrutiny of ledger accounts, preparation of necessary account schedules and identification of exceptional items, if any.
. Processing transactions with related parties and other group companies and reporting in accordance with accounting standards and IRDA requirements.
. Co-ordinating with auditors during audits and limited reviews.
. Ability to prepare summary presentations for facilitating discussions at various levels viz., Mancom, Steer Co, parent companies, industry forums, etc.
. Ability to work with cross-functional teams especially actuarial and technology.
. Having the foresight to draw down activities in a large-scale Ind AS / IFRS project, list down pitfalls / bottlenecks, be solution oriented and drive the results for the workstream.
Working with various systems in finance domain
. Working / advanced knowledge of MS Office suite while SharePoint, Visio is add-on.
. Basic / working knowledge of GL systems (SAP FICO, FAM, etc.) - knowledge of FPSL / SLAM sub-ledger system is add-on.
. Ability to act as a business analyst viz., read the Ind AS / IFRS and convert it into business requirement, use the knowledge of the affected system and writing a Business Requirement Document (BRD)
. Consulting / Project kind of role - demonstrating agility, drive for results and ownership.
. IFRS/IND AS gap analysis / implementation experience.
E Skills Required
. Knowledge of key Insurance Regulations / Products
. Insurance accounting knowledge and IFRS / IND AS
Creative thinking skills
Relationship Building skills
Decision making skills
F Incumbent Characteristics
B. Com / CA Inter / CA / MBA
AM 3 - 6 years PQE
A Position Overview Position Title AM - Finance and Accounts Department Ind AS Project Level/ Band As per HR Policy Role Summary: To ensure compliance to the procurement process while ensuring business requirements are met within targeted ti
Experience: 3.00-6.00 Years