Role Summary: To ensure compliance to the procurement process while ensuring business requirements are met within targeted timelines and quality parameters
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:
Ind AS / IFRS
· 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
· 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