Hello All,

Greetings from ZettaMine!!!

Role: Business Analyst – Life Insurance

Location: Mumbai (Vile Parle)

Experience: 8 – 12 Years

Notice Period: Immediate Joiners

Key Responsibilities

- Develop a deep functional understanding of Finance & Accounting processes in Life Insurance, with a solid focus on Indian Accounting Standards (IND AS) implementation, including IND AS 117 / IFRS 17 alignment where applicable.
- Understand the end-to-end insurance value chain and its impact on financial reporting, including policy lifecycle, revenue recognition, liabilities, and reserves.
- Work closely with Finance teams, actuaries, consultants, and business stakeholders to capture accounting and reporting requirements clearly and unambiguously.
- Translate business and accounting requirements into functional specifications, process flows, and system requirements.
- Map financial and accounting requirements to source systems, data entities, and reporting structures.
- Collaborate with data modelling, ETL, reporting, and technology teams to ensure accurate implementation of IND AS-related requirements.
- Guide technical teams to ensure financial data models (LDM/PDM) reflect accounting rules, reporting hierarchies, and compliance needs.
- Drive functional design deliverables, including BRDs, FSDs, prototypes, reconciliation frameworks, and test scenarios.
- Support financial data validation, reconciliation, and reporting accuracy during implementation.
- Lead and manage stakeholder discussions, workshops, and reviews with client teams across Finance, IT, and Business functions.




- Ensure adherence to regulatory requirements, including IRDAI guidelines and IND AS reporting standards.
- Perform gap analysis between existing GAAP systems and IND AS requirements and propose appropriate solutions.
- Support UAT, validation cycles, and audit readiness for accounting implementations.
- Maintain comprehensive documentation and ensure baseline and sign-off of all functional deliverables.

Required Skills & Expertise

- 10+ years of experience as a Business Analyst in the Life Insurance domain.
- Strong expertise in Finance & Accounting processes within Insurance, including financial reporting, GL, sub-ledgers, and reconciliation.
- Hands-on experience in IND AS / IFRS 17 implementation programs within the Insurance sector.
- In-depth knowledge of IRDAI regulatory guidelines and reporting requirements.
- Robust understanding of data structures, financial data models, and reporting frameworks.
- Ability to translate accounting requirements into functional and system-level specifications.
- Experience working with data warehousing, ETL processes, and reporting systems.
- Familiarity with Teradata FSDM / FSAS models is preferred.
- Working knowledge of SQL for data analysis, reconciliation, and validation.
- Strong stakeholder management and communication skills.
- Proven ability to lead discussions, drive closures, and manage cross-functional teams.
- Strong analytical, problem-solving, and documentation skills.

Interested candidates kindly share your updated CV to [email protected] or WhatsApp to (phone hidden).

Thanks & Regards,

Aruna.M

📌 Business Analyst (Mumbai)
🏢 ZettaMine Labs
📍 Mumbai