A Position Overview

Position Title

Assistant Manager - Finance and Accounts

Department

Ind AS Project

Level/ Band

301/Assistant Manager

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 :

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 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)

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

B. Com / CA Inter / CA / MBA

Experience

Exe 0 – 3 years

AM 3 – 6 years PQE

📌 Assistant Manager - Finance and Accounts (Mumbai)
🏢 TATA AIA LIFE INSURANCE
📍 Mumbai