Job Description

At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

EY GDS - Assurance FAAS - FSO - Insurance Senior/AM


At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.


In a world that's changing faster than ever, our purpose acts as our 'North Star' guiding our more than 300,000 people - providing the context and meaning for the work we do every day. In doing so, we play a critical role in building a better working world for our people, clients, and communities. Thanks to our innovative services in auditing, tax consulting as well as transaction and management consulting, we proudly drive our clients into the future.


From small businesses to some of the world's best-known brands, our clients count on reliable financial statements, information, and processes to inform their ongoing strategies. More than ever, business is about interpreting and reacting to complex data -- and they look to us for advice and services they can trust every time. You'll use your professional skills and experience to make it happen, so whether you're looking for a long-term, or are interested in progressing on to other areas, this is a great place to be. As the only one of the Big 4 with a specialist cross-border practice dedicated to the Financial Services Sector, we offer our clients seamless, consistent, and high-quality services around the globe. With our Assurance Services, we strengthen public confidence in global capital markets and promote sustainable growth. If you're looking to develop your individual skills whilst working in interdisciplinary and multicultural teams, come join us!

The opportunity


The position is specifically for IFRS 17 which is one of the biggest accounting standards change. We're looking for an incumbent who is competent enough to provide advisory services including Accounting and regulatory support for accounting change and special matters; accounting processes and controls support (remediation, long-term contract accounting and cost accounting); GAAP Conversion and implementation; IPO and other public offering assistance and transaction accounting and financial reporting assistance (purchase price allocation). The incumbent will work for top global clients across a wide variety of markets and industry sectors including life insurance, health and Property & Casualty insurance thus experience of working with clients in either the financial services or more specifically Insurance industries is preferred.


As part of our EY GDS Assurance Team, the individual will be responsible for working closely with FAAS Assistant Managers, Managers and Senior Managers on client engagements across Americas, EMEIA or APAC.

Your key responsibilities

• Manage quality of service delivery
• Execute the following FAAS solutions using Global service delivery framework:
+ Financial Accounting and Reporting Excellence
+ Accounting Processes
+ Regulation, Governance and Financing
+ Remediation and readiness
• Ensure quality in delivering client service by directing daily progress of fieldwork, informing Supervisors of engagement status
• Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
• Identify engagement and client service issues. Research and benchmark client data to industry data.
• Explain the client's critical success factors to the engagement team.
• Benchmark client data to industry data to make possible recommendations for improvements
• Apply independent and objective professional judgment in applying accounting standards to meet engagement expectations, including regulatory requirements.
• Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situations
• Receive direction from the Manager, Senior Manager and Partner
• Supporting delivery of accounting and regulatory change projects by assessing engagement risks, driving conclusions
• Supporting engagement mobilisation through scoping, planning, and defining outcomes and creating deliverables as part of a larger project team
• Preparation of underlying materials as well as leading/participation in client workshops
• Co-ordinating activities between small teams on projects to deliver tasks, including providing guidance and feedback to junior team members
• Supporting Financial management of client engagements
• Undertaking practice development activities including contributing to thought leadership pieces, running industry events, delivering training, or managing team communications
• Aiding proposals and bid teams in delivery of high-quality proposals
• Developing strong internal and external networks for long term relationships, managing EY accounts and to bring all EY to clients
• Driving innovation by creating an environment that encourages innovation and being a leader in this area by implementing new and improved ways of working, delivery models and / or technological advancements
• Establishing and managing effective working relationships with peer-level clients as part of project delivery roles
• Contributing to business development activities to help identify and research opportunities on new / existing clients
• Contributing to the growth of the practice by providing input to EY Point of views, development of solutions, engagement tools and enablers
• Contributing to the development of your own and the team's technical skills by establishing a culture of highest performing teams, inclusive behaviours, and emotional intelligence
• Managing the sharing of knowledge, experience (positive and negative) and lessons learned

Skills and attributes for success

• Good understanding of IFRS/US/UK GAAP and International auditing standards.
• Good understanding of Indian accounting and auditing standards.
• Confident and comfortable with uncertainty and ambiguity in a project environment
• Demonstrate expertise across engagement and practice teams
• Able to apply logic and problem solving to complex Finance business problems
• Take personal responsibility for the quality of delivery
• Instil a positive team mentality, even when under pressure, by treating their colleagues well and creating an inclusive culture
• Extremely comfortable and confident around senior stakeholders, internally and externally
• Extremely comfortable with Excel and PowerPoint. Much of our work involves detailed analysis and report writing, so it is critical you can work with these tools
• Strong written and verbal communication, presentation, and technical writing skills
• Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies
• Flexibility and willingness to travel on short notice, as necessary
• Working experience in relation to the following services/solutions (at-least three):
+ GAAP conversions and implementation of new accounting standards (IFRS17, LDTI, IFRS9)
+ Drafting and designing accounting policies
+ Consolidation and Reporting
+ Investment Accounting & Reporting
+ Financial statement close process support
+ Reinsurance Accounting

Professional experience:

Typical experience may include, whilst not limited to:

• Experience of working in a consulting role in banking, insurance, or a transformation role in industry, focusing on the Finance function
• Advanced skills and experience with: Treasury organizational structure and transformation, Financial risk management (currency, interest rate, commodity), Cash flow forecasting, Cash and Bank relationship management, Treasury technology, International treasury centre, Debt and investment management, Governance, controls and regulation, M&A support, Hedge accounting
• Experience in leading delivery of Finance change programmes in banking, insurance and demonstrable experience of leading change gained from:
• Hands-on consulting experience at a Big 4, or top tier consulting firm within Financial Services, or leading change programmes at a Financial Services organisation, or leading a Line function at a Financial Services organisation
• Experience of designing and implementing Finance Operating Models and Finance Transformation, including location and service model strategy
+ Accounting and regulatory change e.g., IFRS9, IFRS17 - supporting clients to understand and address complex change, and leading delivery of programmes / projects
+ Financial Control - including internal and external statutory reporting
+ Financial modelling, budgeting, business planning, forecasting and analysis
+ Finance operating model design and implementation
+ Front to back process, control, and governance
+ Balance sheet management and financial resource optimization
+ Cost reporting and management
+ Finance Cost Reduction and Process Improvement
+ Finance systems architecture and strategy delivery
+ General Ledger, consolidation and EPM projects
+ Regulatory, statutory and management reporting projects including Solvency II

To qualify for the role, you must have

• Chartered Accountant (CA), CPA (US) or ACCA (UK)
• 2-5 years (post qualification) in Assurance including at least 1 years of Financial Accounting and Advisory experience

Ideally, you'll also have

• Interest in business and commerciality.

What we look for

• A Team of people with commercial acumen, technical experience, and enthusiasm to learn new things in this fast-moving environment
• An opportunity to be part of a market-leading, multi-disciplinary team of 7200 + professionals, in the only integrated global assurance business worldwide.
• Opportunity to work with EY GDS Assurance practices globally with leading businesses across a range of industries

What working at EY offers


At EY, we're dedicated to helping our clients, from start-ups to Fortune 500 companies -- and the work we do with them is as varied as they are. You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees, and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that's right for you

EY | Building a better working world


EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.


Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform, and operate.


Working across assurance, consulting, law, strategy, tax, and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY | Building a better working world





EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.





Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.





Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.