Finance Trainee
Tata AIG Life Insurance · Mumbai · onsite · Posted 51d ago
Undisclosed0–2 yrsinternshipSourced from
About a minute. You'll make an account on the way through.
About this role
A Position Overview Position Title Finance Trainee - Finance and Accounts Department Finance & Accounts Level/ Band 202 / Executive B Organizational Relationships:
Reports To
Project SPOC
Supervises
NA C Job Dimensions: Geographic Area Covered Corporate Stakeholders Internal All Users External Parent & Group Companies, Auditors, Consultants D Job description: Reporting / Treasury / Ind AS / IFRS / Products Ensure detail analysis (including preparation of technical memos) and understanding of IFRS / IND AS, specifically on Ind AS / IFRS for Financial Instruments, Insurance Contracts, Leases. Ability to understand data flows across systems from source to target and data architecture under Ind AS / IFRS. Ability to conduct process walk-throughs of current processes and highlight / recommend process gaps, flaws and process changes. Experience of handling proforma reporting requirements of IRDA on Ind AS / IFRS.Finance domain knowledge
- Preparation of Statutory Financial statements as per IRDAI format
- Preparation of monthly/quarterly financials for IRDAI reporting
- Experience of closing books of accounts on a monthly, quarterly and annual basis, post passing all necessary closing entries.
- Reviewing provisions for expenses, expense trending and explanation of variances.
- Scrutiny of ledger accounts, preparation of necessary account schedules and identification of exceptional items, if any.
- Processing transactions with related parties and other group companies and reporting in accordance with accounting standards and IRDA requirements. Project-related skills Co-ordinating with auditors during audits and limited reviews. Ability to prepare summary presentations for facilitating discussions at various levels viz. , Mancom, Steer Co, parent companies, industry forums, etc. Ability to work with cross-functional teams especially actuarial and technology. Having the foresight to draw down activities in a large-scale Ind AS / IFRS project, list down pitfalls / bottlenecks, be solution oriented and drive the results for the workstream. Working with various systems in finance domain Working / advanced knowledge of MS Office suite while SharePoint, Visio is add-on. Basic / working knowledge of GL systems (SAP FICO, FAM, etc. ) - knowledge of FPSL / SLAM sub-ledger system is add-on. Ability to act as a business analyst viz. , read the Ind AS / IFRS and convert it into business requirement, use the knowledge of the affected system and writing a Business Requirement Document (BRD) Investment Team Preparation of Cash flow statement along with analytics for investment decision Doing Daily Reconciliation of Subscription & Redemption, Units, Holding in SAP system Corporate action processing in SAP Investment Management system Assisting with Investment Audit Preparation of Fund factsheet, Fund performance Products / Pricing / BMO / H&W Team Assist in strategy for product formulation
- Prepare F&U file for IRDAI
- Analyse the products for profitability
- Closely work with distribution team to drive business strategy
- Closely work with Health & wellness team in designing innovative health products and drive strategic offerings w. r. t. customer wellbeing.
Required experience
- Consulting / Project kind of role - demonstrating agility, drive for results and ownership.
- IFRS/IND AS gap analysis / implementation experience. E Skills Required Technical Knowledge of key Insurance Regulations / Products Insurance accounting knowledge and IFRS / IND AS Behavioral Essential Desired Interpersonal skills
Communication skills
Creative thinking skills Supervising/Leadership skills Teamwork Skills Influencing skills Relationship Building skillsDecision making skills
F Incumbent Characteristics Essential Desired Qualification CA Experience AM 0 - 2 years PQE
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Sourced from naukri
Skills
SAPConsultingInvestment managementAnalyticsFinance TraineeFinancial StatementsIFRSbusiness strategyreconciliationaccounts manager
About Tata AIA Life Insurance
Tata AIG Life Insurance
Insurance
15.5k+
employees
2001
25 years old
Mumbai, Maharashtra
India
₹6.2L PA avg
Avg at Tata AIA Life Insurance
About
Tata AIA is amongst the fastest growing life insurance companies in India from where you can buy online life insurance policies with ease.
Industries
InsuranceFinancial Services
Employee ratings
10 reviews
3.9/ 5
Culture
2.4
Career growth
2.0
Work-life
2.5
Employees rate it well for
Overall Company39Job Security38
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