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 Job Description:

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,

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