Manager/Senior Manager - IFRS 17 - General Insurance - CA/CPA

Key Responsibilities:

Financial Reporting & IFRS 17:

- Prepare, review, and analyse financial statements under IFRS 17 and IFRS 9, including disclosures related to insurance contracts.

- Interpret and implement IFRS 17 accounting policies for General Insurance products (short-duration contracts).

- Ensure accurate calculation and reporting as per IFRS 17

- Review journal entries, reconciliations, and movements related to insurance liabilities and revenues.

- Support month-end, quarter-end, and year-end close processes under IFRS 17 timelines.

Coordination with Actuarial & Other Teams:

- Work closely with the Actuarial team to understand assumptions, methodologies, and results driving IFRS 17 numbers.

- Bridge actuarial outputs with finance systems and ensure correct accounting treatment.

- Coordinate with Investment, Reinsurance, Underwriting, and Claims teams to ensure data completeness and accuracy.

Regulatory & Statutory Reporting:

- Support statutory reporting (e.g., local GAAP / IRDAI reporting) and explain differences with IFRS 17.

- Prepare regulatory returns, management reports, and board-level financial summaries.

- Assist in responding to regulatory queries and inspections.

Audit:

- Act as a key point of contact for internal and external auditors on IFRS 17.

- Prepare audit schedules, walkthroughs, and documentation supporting IFRS 17 balances.

Systems, Processes & Change

- Support implementation and enhancement of IFRS 17 reporting systems and tools.

- Identify process improvements and automation opportunities in financial reporting.

- Participate in accounting change impact assessments and policy updates.

Key Skills:

- Strong understanding of IFRS 17 requirements specific to General Insurance.

- Sound knowledge of insurance accounting concepts, financial reporting, and disclosures.

- Ability to analyse complex data and explain technical accounting matters clearly.

- Strong coordination and stakeholder management skills.

- High attention to detail with ability to meet tight reporting deadlines.

- Proficiency in Excel; experience with ERP, IFRS 17 engines, or actuarial systems is an advantage.

Qualifications & Experience:

- Qualified Chartered Accountant (CA) / CPA / ACCA or equivalent.

4-8 years of relevant experience in:

- Financial reporting or technical accounting within a General Insurance company, or

- Audit / consultancy experience with strong IFRS 17 exposure.

- Hands-on experience with IFRS 17 is mandatory.