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 proj

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