Role description

A Position Overview

Position Title

Assistant Manager - Finance and Accounts

Department

Ind AS Project

Level/ Band

301/Assistant Manager

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
Supervises	NA

C Job Dimensions:

Geographic Area Covered	Corporate
Stakeholders Internal	All Users
External	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.

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
Behavioral
	Essential	Desired
Interpersonal skills	.
Communication skills	.
Creative thinking skills	.
Supervising/Leadership skills	.
Teamwork Skills	.
Influencing skills	.
Relationship Building skills	.
Decision making skills	.

F Incumbent Characteristics

Essential

Desired

Qualification

B. Com / CA Inter / CA / MBA

Experience

Exe 0 - 3 years

AM 3 - 6 years PQE