IFRS Senior Role
Position Description: Senior 2
Principal Accountabilities:
- Research, assess, analyze and document financial reporting and operational requirements for IFRS-17 (Insurance Contract), IFRS 16 (Leases), IFRS 9 Financial Instruments (Classification and Measurement) and IFRS 15 Contract Revenue.
- Assist in identifying, developing, testing and implementing IFRS accounting operational and reporting solutions to meet financial and regulatory reporting requirements, map financial reporting processes and modify control procedures, as required.
- Review contractual agreements for the purpose of assessing criteria for financial instrument and Insurance Contract classifications.
- Provide support to the department in gathering all comparative data needed for IFRS reporting including reconciliations required to support operating results during the comparative years i.e. transition adjustments.
- Track progress on IFRS issue identification and resolution.
- Prepare and consolidate IFRS related issues and procedural training documentation.
- Provide support in documenting current processes and new IFRS requirements.
- Facilitates small to large meetings and conducts information gathering and/or training sessions as required.
- Apply understanding of current reporting processes and develop in depth understanding of IFRS requirements to provide necessary training and support to reporting financial reporting team and other finance segments groups, as required.
- Analyze current state of finance function, perform fit gap analysis, make recommendations for future state and design to be processes.
- Effectively contribute in process improvements in finance processes such as RTR, PTP and OTC
- Assist in setting up shared services - Business case development, SSC diagnosis, design and implementation
- Analyze current baseline and gaps based on leading practices, confirm the finance vision, define Finance TOM and develop roadmap for change
- Evaluate management reporting requirements, design reports to meet current reporting requirement, standardize reports and design dashboards
- Identification and development of KPIs to track performance of Finance function
- Analyze current finance function process, structure and capabilities, assess current capability gaps, design future state business partnering framework
Required Candidate profile
Educational Background/ Skillset required -- CA/CPA/ICWA /CMA/ Masters in Business Administration from a premium school
- Technical Capabilities.
- Proficient in Microsoft Office suite of products such as PowerPoint, Visio, Excel, Word etc.
- Good to have exposure to one or more of technology ERPs/financial systems such as Hyperion, Blackline, Aptitude, Prophet, Oracle, SAP etc.
- Desired Qualifications: 4+ years of experience in Finance and Accounting as per IFRS, Master degree in accounting and finance and must have worked knowledge of System and IFRS implementation.
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