64 Kshema General Insurance Jobs
5-10 years
Hyderabad / Secunderabad
1 vacancy
Project Manager Ind AS 117 Implementation
Kshema General Insurance
posted 21d ago
Fixed timing
Key skills for the job
We are seeking a highly motivated and experienced Project Manager to lead the successful implementation of Ind AS 117 within our insurance company. This role requires a deep understanding of IFRS 17 / Ind AS 117 principles, strong project management skills, and the ability to collaborate effectively with various stakeholders across the organization.
Responsibilities:
Project Planning and Execution:
Develop and manage a detailed project plan for Ind AS 117 implementation, including timelines, resources, budget, and risk assessment.
Define project scope, objectives, and deliverables in collaboration with key stakeholders.
Track progress, identify potential roadblocks, and implement corrective actions to ensure timely completion of project milestones.
IFRS 17 Expertise:
Collaborate with the team to gain a strong understanding of Ind AS 117 requirements and their implications for the insurance industry.
Stay abreast of the latest developments and guidance on Ind AS 117.
Provide guidance and support to the project team on Ind AS 117 related matters.
Stakeholder Management:
Effectively communicate project updates, challenges, and successes to senior management, project sponsors, and other stakeholders.
Build and maintain strong relationships with cross-functional teams, including actuarial, finance, IT, and operations.
Facilitate workshops and training sessions to ensure all stakeholders understand the impact of Ind AS 117.
Liaise with procurement team to engage external consultants and software platforms as part of implementation.
Data and Systems Management:
Oversee the collection, validation, and analysis of data required for Ind AS 117 compliance.
Collaborate with IT to assess and implement necessary system changes or upgrades to support Ind AS 117 reporting.
Ensure data integrity and accuracy throughout the implementation process.
Documentation and Reporting:
Develop and maintain comprehensive project documentation, including project plans, meeting minutes, and risk registers.
Prepare regular progress reports for senior management and the project steering committee.
Quality Assurance:
Implement quality control measures to ensure the accuracy and completeness of Ind AS 117 reporting.
Conduct regular reviews and audits to identify and address any potential issues.
Requirements
Qualifications:
Bachelor's degree in Accounting, Finance, Actuarial Science, or a related field.
Professional accounting designation (e.g., CPA, CA, ACCA) is preferred.
5+ years of experience in project management, with a proven track record of successful project delivery.
Strong understanding of insurance accounting principles and practices.
In-depth knowledge of Ind AS 117 / IFRS 17 and its implementation requirements.
Excellent communication, interpersonal, and presentation skills.
Strong analytical and problem-solving abilities.
Proficient in project management tools and software.
Bonus Points:
Experience with Ind As 117 / IFRS 17 implementation in the insurance industry.
Knowledge of actuarial modelling and valuation techniques.
Familiarity with data management and reporting systems.
Employment Type: Full Time, Permanent
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