Description
Responsible for leading the transition to Ind AS, including preparation of Ind AS-compliant financial statements and opening balance sheet. Managed data migration, opening balance reconciliation, and transition adjustments under Ind AS 117, 109, and 116. Oversaw parallel reporting for both Ind AS and IGAAP financials during the transition period. Coordinated with IT and system vendors for implementation of Ind AS reporting solutions, including CSM, ECL, and fulfilment cash flow modules. Liaised with auditors and regulators, and reviewed accounting policies, judgments, and key estimates to ensure compliance with Ind AS requirements.

Responsibilities
- Lead preparation of Ind AS-compliant financial statements, including the opening Balance Sheet as at the transition date
- Oversee data migration, reconciliation of opening balances, and transition adjustments under Ind AS 117, Ind AS 109 and Ind AS 116




- Manage parallel reporting - preparation of both statutory Ind AS financials and special-purpose IGAAP financials simultaneously during the transition period
- Coordinate with system vendors and the IT team for implementation of the Ind AS reporting engine (CSM computation, ECL models, fulfilment cash flow modules)
- Liaise with statutory auditors and IRDAI-empanelled independent validators
- Review and document accounting policies, judgements, and key estimates under Ind AS

Qualifications
- Qualified CA with 3–5 years of post-qualification experience
- Prior exposure to Ind AS / IFRS implementation, preferably in insurance, NBFC, or financial services
- Solid understanding of Ind AS 117 (Insurance Contracts) and Ind AS 109 (Financial Instruments)

📌 Ind AS Data Preparation (Maharashtra)
🏢 Universal Sompo General Insurance
📍 Maharashtra