Summary
Location
Gurugram
Type
full-time
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About this role
BRIEF PROFILE AND WORK EXPECTATIONS FROM THE CANDIDATE:
-
- Run the IND AS 117 Steercom, weekly update call with senior leaders.
- Run the IND AS 117 Project Management Office.
- IND AS 117 proforma financials as asked by the regulator.
- Actively participation on IND AS working group calls
- Track the IND AS 117 progress as per agreed project plan.
- Conducting sessions with senior leaders on IND AS 117 with the help of consultant or own its own.
- Capability building on IND AS 117 through engaging cross functional teams.
- Review the outputs of UAT, test cases and provide the sign off
- Ability to conduct process walk-throughs of current processes and highlight / recommend process gaps, flaws and process changes.
- Ability to map peer company’s stand / policy choices considered on IND AS 117
- Ability to run summary presentations for facilitating discussions at various levels viz., Steer Co, parent companies, industry forums, etc.
- Understand and run IND AS 117 process and system changes related to insurance products
- Ability to review various checks and controls on data accuracy and completeness (Premium, Claims, Commission validation).
- Ability to understand data flows across systems from source to target and data architecture under Ind AS
- Having the foresight to draw down activities in a large-scale Ind AS project, list down pitfalls / bottlenecks, be solution oriented and drive the results for the work stream
- Ability to work with cross-functional teams especially actuarial and technology.
DESIRED COMPETENCES/QUALIFICATIONS:
- Chartered Accountant
- Minimum 10-15 years of experience post qualification
- Life Insurance experience in financials / Regulatory reporting or Big 4 experience in IFRS 17 implementation
- Good knowledge of IND AS, Accounting Standards, IRDAI regulations etc.
BRIEF PROFILE AND WORK EXPECTATIONS FROM THE CANDIDATE:
-
- Run the IND AS 117 Steercom, weekly update call with senior leaders.
- Run the IND AS 117 Project Management Office.
- IND AS 117 proforma financials as asked by the regulator.
- Actively participation on IND AS working group calls
- Track the IND AS 117 progress as per agreed project plan.
- Conducting sessions with senior leaders on IND AS 117 with the help of consultant or own its own.
- Capability building on IND AS 117 through engaging cross functional teams.
- Review the outputs of UAT, test cases and provide the sign off
- Ability to conduct process walk-throughs of current processes and highlight / recommend process gaps, flaws and process changes.
- Ability to map peer company’s stand / policy choices considered on IND AS 117
- Ability to run summary presentations for facilitating discussions at various levels viz., Steer Co, parent companies, industry forums, etc.
- Understand and run IND AS 117 process and system changes related to insurance products
- Ability to review various checks and controls on data accuracy and completeness (Premium, Claims, Commission validation).
- Ability to understand data flows across systems from source to target and data architecture under Ind AS
- Having the foresight to draw down activities in a large-scale Ind AS project, list down pitfalls / bottlenecks, be solution oriented and drive the results for the work stream
- Ability to work with cross-functional teams especially actuarial and technology.
DESIRED COMPETENCES/QUALIFICATIONS:
- Chartered Accountant
- Minimum 10-15 years of experience post qualification
- Life Insurance experience in financials / Regulatory reporting or Big 4 experience in IFRS 17 implementation
- Good knowledge of IND AS, Accounting Standards, IRDAI regulations etc.
Other facts
About maxlifeins
Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.
Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Axis Max Life Insurance Limited has an individual claims paid ratio of 99.65% as per the annual audited financials for FY23-24.
We offer comprehensive protection and long-term savings life insurance solutions, through our multichannel distribution including agency and third party distribution partners.
You can reach us at our:
Customer Service Helpline - 1860 120 5577 (9:00 AM to 6:00 PM Monday to Saturday) or,
Write to us at [email protected]. You can also contact us through our portal https://www.maxlifeinsurance.com/contact-us/write-to-us.html.
Axis Max Life Insurance Limited has built its operations over almost two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.
As per public disclosures, during the financial year 2023-24,
• As on 31st March 2024 the Company had Rs. 150,836 crore of assets under management(AUM), and
• A Sum Assured in Force of Rs. 1,779,409 crore.
For more information, please visit the Company's website at www.maxlifeinsurance.com
What you'll do
- The Chief Manager will lead the IND AS 117 Steercom and Project Management Office, ensuring compliance and progress tracking. They will also conduct sessions with senior leaders and facilitate discussions at various levels.
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