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67 Star Union Dai-ichi Life Insurance Jobs
Sr Team Member Financial Reporting IND AS
2-5 years
Navi Mumbai
Sr Team Member Financial Reporting IND AS
Star Union Dai-ichi Life Insurance
posted 28d ago
Job Role Insights
Fixed timing
Key skills for the job
Job Description
- To implement an accounting framework compliant with Indian Accounting Standards.
- Person should be well versed in life insurance accounting & reporting and should have basic product knowledge
- Analyse and prepare report on management accounting information, and to provide management with timely, accurate and relevant information, and to contribute to the organisations financial management procedures to ensure that they are effective, efficient and compliant with appropriate financial statutory and regulatory requirement.
- Accounting for premium, commission, expenses, claims and assisting team for Financial Reporting as per IGAAP and IFRS
- To have fair knowledge of Ind AS and assist in analysis of financial statements and treatment for assets/liabilities under different Indian accounting standards (Ind AS).
- Assist in determining the accounting treatment for Insurance and financial products as per the local regulatory requirements and accounting standards such as Ind AS 117, 109, 116, 115, etc.
- Understanding of Indian Generally Accepted Accounting Principles (IGAAP) and IRDAI accounting guidelines for Insurance companies
- Preparation of opening balance sheet and assist in to build and development of Ind AS 117 to current GAAP reconciliation process and templates
- Assist in preparation of chart of accounts, mapping, ledger postings, and drafting reporting formats under Ind AS.
- Assist in the development of Business Requirement Documents (BRD) for IFRS 17 reporting requirements, Testing of system solutions.
- Be involved in projects related to operational process improvement and design
- Assist in Project management
- Experience in managing complex accounting issues.
- Should have in depth knowledge of IND AS / IFRS Reporting Standards
- Liaison with Statutory Auditors and Internal Auditors
- Identify areas for process improvements / automations and implementation. Modify existing and design new processes that maximize efficiency
Employment Type: Full Time, Permanent
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Star Union Dai-ichi Life Insurance Benefits
Health Insurance 
Job Training 
Soft Skill Training 
Team Outings 
Free Transport 
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