Insurance Accounting - IFRS17

2 - 5 years

2 - 5 Lacs

Posted:2 days ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Responsibilities:

  • Business Requirements & Functional Design:

    Define and consolidate comprehensive business requirements specifically for

    IFRS 17 solution implementations

    . Formulate the detailed functional design for the IFRS 17 solution, ensuring alignment with client needs and regulatory standards.
  • Cross-Functional Coordination:

    Coordinate effectively with IT, actuarial, and finance teams to thoroughly understand their requirements and clearly explain the design of IFRS 17 solutions.
  • Data Advisory:

    Provide expert advisory services on data requirements necessary for IFRS 17 computation and reporting, ensuring data integrity and completeness.
  • Configuration & Testing:

    Perform the configurations of the IFRS 17 solution as per the approved design and meticulously test these configurations to ensure accuracy and functionality.
  • Testing Support:

    Provide dedicated support during System Integration Testing (SIT) and User Acceptance Testing (UAT) phases, assisting with issue resolution and validation.
  • IFRS 17 Expertise:

    Apply a strong understanding of IFRS 17 requirements, economic or market issues, and the ability to interpret their impact on clients financial reporting.
  • Industry Knowledge:

    Demonstrate a strong understanding of the

    Insurance and Reinsurance industry

    , including its nuances and operational aspects.
  • Analytical & Problem-Solving:

    Exhibit strong analytical and problem-solving skills, capable of dissecting complex financial and accounting challenges.
  • Multi-tasking & Prioritization:

    Proven ability to manage multiple tasks/activities concurrently and prioritize them appropriately to meet project deadlines.
  • Presentation & Communication:

    Utilize strong presentation skills and proficiency in PowerPoint, Word, and Excel. Demonstrate strong communication skills, evidenced by effective collaboration with people and teams from diverse backgrounds.
  • Technological Leverage:

    Leverage technology to continually learn, improve service delivery, and maintain leading-edge best practices in insurance accounting.

Required Skills:

  • Good understanding of

    IFRS 17 requirements

    , economic or market issues, and the ability to interpret their impact on clients.
  • Highly numerate.
  • A strong understanding of the

    Insurance and Reinsurance industry

    .
  • Strong communications skills and evident working with people and teams from different ethnic backgrounds.
  • Ability to leverage technology to continually learn, improve service delivery, and maintain leading edge best practices.
  • Strong presentation skills and proficiency in the use of

    PowerPoint, Word, and Excel

    .
  • Demonstrated strong analytical and problem-solving skills.
  • Proven ability to manage multiple tasks/activities and prioritize appropriately.

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