Senior IFRS 17 Leader - BFS

Senior IFRS17 leader(Bangalore)

Desired requirements/Skillset:-

- Expertise in Financial management, US GAAP, Financial accounting and reporting, Hedge funds, ACCA - IFRS certification / Diploma, Certification from ICAI, Regulatory requirements such as FCR, EC, ALM

- Technical expertise regarding data models, database design development, data mining and segmentation techniques with strong Knowledge of statistics and experience in using statistical packages for analyzing datasets (SAS, SQL, SPSS etc.). SAS experience is highly desirable.

- Thorough knowledge of BFSI regulatory and reporting standards like Solvency-II / Basel III /IFRS4 / IFRS9 / IFRS15 with implementation experience and excellent understanding of Insurance domain (Life or Non-Life)

- Brilliant understanding of PD/LGD/EAD models using SAS and Knowledge of commonly used stats techniques (regression-linear and logistic, CART, clustering, ANOVA, ANCOVA,boosting, bagging)

- Knowledge/ working experience on the SAS tools/solutions - infrastructure for risk management (IRM), SAS Business Rules manager (BRM), SAS risk and finance workbench (RFW), model implementation platform (MIP)

- Working knowledge of relational and dimensional data model.

- Good understanding of IFRS17 standards; hands-on IFRS17 project experience (desirable)

- Experience on any of the ETL tools, visualization tools and reporting tools will be an added advantage.

- Good to have an understanding on any actuarial system (like GGY Axis, Prophet) or Accounting engine, General Ledger (SAP) and SAS for IFRS

Roles and Responsibilities:-

- The Leadership role requires the person to build and lead the global IFRS-17 delivery hub at our Global Delivery Services unit based in Bangalore.

- This role involves leadership across various IFRS17 journey stages - including Gap analysis, Impact assessment Implementation, and Testing which will be driving various IFRS17 solutions. Responsibilities include the below-

- Build and lead the IFRS17 delivery hub to work with global clients spread across US, EMEIA and APAC regions

- Provide the thought leadership for the clients on how IFRS17 journey should be taken through using prior experience. In addition, help and mentor the team to

- Analyze current state of business requirements, perform gap analysis, make recommendations for IFRS 17 solutions and design processes.

- Research, assess, analyze and functional/financial documents, reports and operational requirements for IFRS-17 (Insurance Contract), IFRS 16 (Leases), IFRS 9 Financial Instruments (Classification and Measurement) and IFRS 15 Contract Revenue.

- Review contractual agreements for the purpose of assessing criteria for financial instrument and Insurance Contract classifications.

- Provide support to the department in gathering all comparative data needed for IFRS reporting including reconciliations required to support operating results during the comparative years i.e. transition adjustments.

- Assist in identifying, developing, testing and implementing IFRS accounting operational and reporting solutions to meet financial and regulatory reporting requirements, map financial reporting processes and modify control procedures, as required.

- Prepare and consolidate IFRS related issues and procedural training documentation.

- Provide support in documenting current processes and new IFRS requirements.

- Facilitates small to large meetings and conducts information gathering and/or training sessions as required.

- Analyze current baseline and gaps based on leading practices, confirm the finance vision, define Finance TOM and develop roadmap for change

- Evaluate management reporting requirements, design reports to meet current reporting requirement, standardize reports and design dashboards

- Analyze current finance function process, structure and capabilities, assess current capability gaps, design future state business partnering framework.

MUST HAVE :

- Candidate needs to have strong Business development Skills

- Must have experience in interfacing with Global clients and Senior leadership stakeholder management experience

- Very high executive presence - global stakeholder management

- CA background / finance background is a good to have

Other pointers :

- Complete ownership of IFRS vertical (end to end)

- Role will involve Global travel - upto 25%

- This role will contribute 25% of the GDS business

- There is a high probability that this team could also grow in Poland in future

- Currently will lead a team of 6-7 direct reportees - will further grow to 500 ppl plus

MUST HAVE : Candidate should be very well conversant with IFRS 17 norms . AND must be a IFRS specialist (it will not do if he has more experience in Insurance or internal audit etc but less experience in IFRS)

Experience - 20 - 25 Years

Annual Salary - 65 Lpa(fixed) + Variable INR

Work Location - Bangalore, Karnataka, India