Manager/Senior Manager - IFRS - Insurance - CA

Key Responsibilities & Accountabilities:

- Creation of Road map of activities for implementation Ind AS

- Identify the impacts of Ind AS on the business model with financial impacts.

- Carry out financial impact analysis on financials and reporting required as required under IRDA and other regulatory guidelines.

- Identify and implement the system changes and creation of business decision as per standard

- Work along with IT, Products and Actuarial team to develop system design, architecture and provide necessary inputs from finance for creation of Business requirement document (BRD).

- Implement significant technical changes & transition data preparation and pilot testing

- Carry out dry run and testing on the new system and verify the outcome of the same.

- Prepare comparative financial statement and reinstate the balances as per the standard.

- Preparation of the financial statements from the new applications and carry out the post implementation testing.

- Facilitate all the Statutory and regulatory reporting and reconciliation with existing Policy admin database and Financial system

- Analytical review of Revenue accounts and month on month variance account analysis

- Liasoning with Statutory & Internal Audit, IFC, IRDA and resolution of Audit queries.

Knowledge/Skills Required:

- Qualification: Qualified Chartered Accountant with 3-5 years of experience, preferable in insurance industry.

- Excellent knowledge on IGAAP and International AS

- Handled the role of preparation of financials and Ind AS implementation, knowledge of Premium, commission, claim cycle