Assistant Vice President - Finance & Accounts
Location
Mumbai | India
Job description
A Position Overview Position Title AVP - Finance and Accounts
Department Ind AS Project
Level/ Band As per HR Policy
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 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 CA / MBA
Experience AVP 10+ years PQE
Job tags
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