Job Description

Consultant - ARC (Financial and Regulatory Reporting)

Job requirement : Financial Reporting in banks and insurance companies (IFRS 9)
Job Title: Consultant

Function: Accounting and Reporting Consulting (ARC)

Roles & Responsibilities :

Our Accounting Reporting and Consulting (\'ARC\') and Financial Risk Management (\'FRM\') teams advise clients in development and implementation of risk management policies, controls and systems. We offer a range of services to help clients in areas such as implementation of IFRS 9, IFRS 17, regulatory reporting, credit risk, operational risk, liquidity risk, valuations and corporate treasury. The candidate will be based in Mumbai or Delhi or Bangalore and be willing to travel for business.

The candidate will be involved in assisting clients such as banks, non banking finance companies and insurance companies with implementing IFRS 9 and IFRS 17.

The responsibilities would include:

- Perform gap analysis to determine accounting and disclosure differences

- Prepare templates for quantification of gap adjustments

- Prepare accounting policies manual in compliance with requirements of IFRS 9 and IFRS 17

- Prepare opening balance sheet and financial statements compliant with IFRS 9 and IFRS 17

- Prepare Business Requirement Document, test cases and conduct user acceptance testing for automating calculations relating to effective interest rate, expected credit losses and contractual service margin

- Conduct technical trainings for finance, risk and actuarial teams

- Support business development initiatives in the area of IFRS 9 and IFRS 17 solutions

- Contribute to team building and knowledge sharing initiatives

Individual:

- The incumbent will work for top global clients across a wide variety of markets and industry sectors.

- Possess strong domain knowledge.

- Strong analytical and problem-solving skills.

- Strong written and verbal communication skills.

- Flexibility and willingness to travel on short notice, as necessary.

- Ability to work well in teams.

- Ability to work under pressure - stringent deadlines and tough client conditions which may demand extended working hours.

- Demonstrate integrity, values, principles, and work ethic.

- The candidate should have experience in implementation of IFRS / Ind AS at banks, asset management companies, life/general insurance companies and non banking finance companies.

Qualification:

- The candidate should have experience in implementation of IFRS / Ind AS at banks, asset management companies, life/general insurance companies and non banking finance companies.

- The candidate should be a CA/ACCA/CPA

- 1-4 years relevant experience (dependent on level)

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