Role Description A Position Overview Position Title Finance Trainee – Finance and Accounts

Department Finance & Accounts

Level/ Band 202 / Executive

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 : Reporting / Treasury / Ind AS / IFRS / Products

- 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

- Preparation of Statutory Financial statements as per IRDAI format
- Preparation of monthly/quarterly financials for IRDAI reporting
- 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)

Investment Team

- Preparation of Cash flow statement along with analytics for investment decision
- Doing Daily Reconciliation of Subscription & Redemption, Units, Holding in SAP system
- Corporate action processing in SAP Investment Management system
- Assisting with Investment Audit
- Preparation of Fund factsheet, Fund performance

Products / Pricing / BMO / H&W; Team

- Assist in strategy for product formulation
- Prepare F&U; file for IRDAI
- Analyse the products for profitability
- Closely work with distribution team to drive business strategy
- Closely work with Health & wellness team in designing creative health products and drive strategic offerings w.r.t. customer wellbeing.

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 CA Experience AM 0 – 2 years PQE

📌 Finance Trainee (Mumbai)
🏢 TATA AIA LIFE INSURANCE
📍 Mumbai