DM / Manager Financial Reporting

Key Responsibilities

1. IND AS 117 Implementation & Reporting

• Lead preparation of parallel financials under IND AS 117 alongside existing IGAAP reporting
• Develop and review:

                                          i.     CSM calculations and movement analysis

                                        ii.     LRC / LIC computations

                                       iii.     Insurance revenue and insurance service result

• Ensure alignment of methodology and assumptions with:

                                          i.     IND AS 117 principles

                                        ii.     IRDAI regulations and exposure drafts

1. Work closely with actuarial team on:

• Cash flow projections
• Risk adjustment
• Discounting methodology
• Analyze impact on: Profit emergence, Product profitability and Capital strain

IRDAI Regulatory Reporting

• Preparation and submission of periodic returns to IRDAI (monthly, quarterly, annual)
• Handling key returns including: BAP, Revenue Accounts, Solvency Margin, Segmental Reporting and ensure full compliance with IRDAI regulations, circulars, and guidelines

Financial Reporting & Controls - Support Financial Controller in:

                                          i.     IND AS / IGAAP financial reporting

                                        ii.     Financial statement preparation

                                       iii.     Ensure data accuracy, reconciliation, and audit trail integrity

Stakeholder Management - Coordinate with: Actuarial, Underwriting, Claims and Investments for data collation and validation & liaise with: Statutory & Internal auditors for audits and regulatory queries

Regulatory & Strategic Monitoring

• Track and interpret IRDAI regulatory changes and assess implications
• Support management on:

                                          i.     Product-level profitability under IND AS 117

                                        ii.     Capital efficiency and solvency impact

                                       iii.     Reinsurance and structural decisions

Process Improvement & Automation

• Drive automation of regulatory reporting processes
• Improve reporting timelines, accuracy, and controls
• Support implementation of IND AS 117 systems/tools (if applicable)