Project Manager - IFRS 17 Insurance Contracts - Insurance Domain (10-18 yrs)

Title: Project Manager with Insurance Domain (IFRS 17 - Insurance Contracts)

Experience: 10 - 18 Years

Work Location: Pune / Hyderabad

Notice Period: Immediate to 30 Days Max only

Required Skills (Mandatory): Project Management, and Insurance Domain with (IFRS 17 - Insurance Contracts).

Job Title: IFRS 17 Insurance Contracts Project Manager

Job Description:

We are seeking an experienced Project Manager with a strong background in Insurance IFRS 17 (Insurance Contracts) to lead and manage the implementation of IFRS 17 requirements for our organization. This role will involve creating and executing project plans, proactively managing risks and issues, engaging stakeholders, and ensuring the successful delivery of key milestones. The ideal candidate will have a solid understanding of IFRS 17 principles, along with proven project management expertise in an insurance or financial services environment.

Key Responsibilities:

1. Project Planning & Execution:

- Develop a comprehensive project plan with detailed milestones, timelines, and deliverables for the successful implementation of IFRS 17 for insurance contracts.

- Define the project scope, objectives, and resources required, ensuring alignment with business priorities and regulatory requirements.

2. Risk & Issue Management:

- Proactively monitor the progress of the project to identify and address risks, issues, and dependencies as they arise throughout the project lifecycle.

- Implement effective mitigation strategies and solutions to minimize risks and resolve issues, ensuring the project stays on track.

3. Stakeholder Interaction & Change Management:

- Lead and facilitate communication and interaction with internal and external stakeholders, ensuring alignment on project goals and objectives.

- Support the development and implementation of necessary changes as required by the evolving IFRS 17 standards or organizational needs.

- Drive the adoption of changes by ensuring stakeholders are informed and engaged throughout the process.

4. Reporting & Updates:

- Provide regular project updates to key stakeholders, ensuring timely and accurate reporting on the status of key project milestones, achievements, and any changes or delays.

- Create and present Management Information (MI) reports detailing progress against planned developments, testing execution, and overall project status.

- Obtain buy-in from stakeholders for all key project milestones, commitments, and changes, including any adjustments to requirements or scope.

5. Collaboration & Support:

- Work closely with cross-functional teams, including finance, actuarial, IT, and operations, to ensure the successful implementation of IFRS 17.

- Ensure that all team members are aligned with project goals and deadlines, providing guidance and support as needed.

Key Skills & Qualifications:

Experience:

- Minimum of 5 years of project management experience, with a strong focus on insurance contracts and IFRS 17 implementation.

- In-depth knowledge of IFRS 17 standards and their application in the insurance industry.

- Proven track record of managing complex projects, including risk management and stakeholder engagement.

Project Management:

- Expertise in creating and managing project plans, including defining milestones, timelines, and resource allocation.

- Ability to track and report on project progress, identifying and addressing issues in real-time.

Communication & Stakeholder Management:

- Strong interpersonal and communication skills, with the ability to engage and influence stakeholders at all levels of the organization.

- Experience in managing change and ensuring the adoption of new processes or standards.

Problem-Solving & Risk Management:

- Strong analytical and problem-solving skills, with a proactive approach to identifying and mitigating project risks and issues.

Education:

- A degree in Finance, Actuarial Science, Accounting, or a related field is preferred.

- Project management certifications (e.g., PMP, Prince2) would be a plus.

Additional Information:

This role may involve working with various teams across different locations, requiring excellent collaboration and communication skills.

- The candidate should be comfortable working in a fast-paced environment and managing multiple priorities.

- If you are a highly motivated and experienced project manager with a strong background in insurance and IFRS 17, we encourage you to apply for this exciting opportunity.

This job description highlights the skills and responsibilities required for the role, emphasizing project management, stakeholder engagement, risk management, and the application of IFRS 17 standards.