Role Summary: To ensure compliance to the procurement process while ensuring business requirements are met within targeted timelines and quality parameters

B Organizational Relationships:

Reports To

Project SPOC

NA

C Job Dimensions:

Geographic Area Covered

Corporate

Stakeholders Internal

All Users

External

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.

Project-related skills

·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)

Required experience

·Consulting / Project kind of role - demonstrating agility, drive for results and ownership.

·IFRS/IND AS gap analysis / implementation experience.

E Skills Required

Technical

·Knowledge of key Insurance Regulations / Products

·Insurance accounting knowledge and IFRS / IND AS