Consultants: This is an excellent chance for a candidate with experience in the Insurance industry to further one s career with a focus on IFRS 17 / Ind AS 117 implementation
IFRS 17 / Ind AS 117 is the new accounting standard for insurance contracts and for successful implementation the insurance companies shall address the key elements such as Functional processes, Supporting technology, Data reporting, People, Governance and Controls
Responsibilities include Support the implementation of IFRS/ Ind AS in BFSI sector with focus on Life Insurance Industry Support in drafting technical papers on the key elements of the IFRS requirements including IFRS 17, IFRS 16 and IFRS 9 etc Analysis of current state of business requirements, perform gap analysis, make recommendations for IFRS 17, IFRS 16, IFRS 9 etc solutions and design processes
Support the team in the design,
planning and execution of the accounting reporting solution system both from a functional and user perspective Assist in modelling business requirements and use cases as a basis for testing the configuration and outputs of the system Support and investigate system test, integration test, performance test and UAT defects Assist in preparation of chart of accounts, financial statements and disclosures as per IFRS 17 along with IFRS 4 / IGAAP to IFRS 17 reconciliations for life insurance companies Redefine the accounting and reporting processes to align reporting timelines after the implementation Work effectively as a team member and build good relationships with the client Your skills and experience We are looking for candidates with following background / experiences CA with 2 to 4 years of relevant Life insurance industry experience, preferably in Financial reporting and business accounting or Financial planning analysis (MIS) role Diploma in IFRS, Fellow of Insurance Institute of India would be a plus Proficiency in MS Office is encouraged
Ability to handle multiple challenging priorities and as