IFRS - Finance - Senior Manager - Mumbai (Intellion Square)

Kotak Life; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Kotak Life in Mumbai is seeking a Senior Manager to lead the end-to-end Ind AS implementation for IFRS alignment, focusing on Ind AS 117, Ind AS 109 and Ind AS 116. You will define the transition roadmap, coordinate with IT and external auditors, and drive governance across finance and actuarial teams.

The role requires CA with 1–3 years of experience in financial reporting within insurance, strong Ind AS knowledge, ERP experience and stakeholder management skills.

Qualifications

• Strong technical knowledge of Ind AS, particularly Ind AS 109, 116, 101.
• Knowledge of Ind AS 117 is added advantage.
• Understanding of insurance sector financial reporting and IRDAI regulations.
• Exposure to ERP/reporting systems and data mapping.

Responsibilities

• Work with cross functional teams to prepare the Ind AS transition roadmap.
• Define scope, milestones, deliverables and timelines for the implementation.
• Track progress and coordinate with external consultants, auditors and IRDAI where necessary.
• Identify and document required accounting policy, system changes, position papers and data requirements.
• Prepare and review Ind AS compliant financial statements and disclosures.
• Support parallel run and dry run of Ind AS reporting.
• Work on first time adoption adjustments including reconciliations of equity and profit & loss.
• Coordinate with IT to modify core insurance systems, finance ERP and reporting tools for Ind AS compliant data capture and reporting.
• Coordinate with IT to implement new calculation and reporting systems for Ind AS 117, I09 and 116.
• Conduct UAT for new systems and changes made in existing system.
• Develop and implement new controls and processes to ensure ongoing compliance.
• Conduct workshops and training for finance, actuarial and business teams.
• Ensure governance and approval for all Ind AS related changes.

Skills

Ind AS knowledge

Communication

Stakeholder management

ERP/reporting systems

Data mapping

Education

CA or equivalent

Tools

ERP/Reporting systems

Data mapping

Job description

IFRS - Finance - Senior Manager - Mumbai (Intellion Square) KLI - Mumbai - Intellion Square - HO, Mumbai, Maharashtra, India 2 - 5 Years Employee

Job Description

Role:

Support end to end implementation of Ind AS in line with IRDAI timelines and guidelines, ensuring accurate transition from existing accounting practices (IGAAP) to Ind AS, with specific focus on insurance contracts (Ind AS 117), financial instruments (Ind AS 109) and leases (Ind AS 116).

Key Responsibilities:

• Work with cross functional teams to prepare the Ind AS transition roadmap
• Define scope, milestones, deliverables and timelines for the implementation
• Track progress and coordinate with external consultants, auditors and IRDAI where necessary
• Identify and document required accounting policy, system changes, position papers and technical memos and data requirements
• Prepare and review Ind AS compliant financial statements and disclosures
• Support parallel run and dry run of Ind AS reporting
• Work on first time adoption adjustments including reconciliations of equity and profit & loss
• Coordinate with IT to modify core insurance systems, finance ERP and reporting tools for Ind AS compliant data capture and reporting
• Coordinate with IT to implement new calculation and reporting systems for Ind AS 117, I09 and 116
• Conduct UAT for new systems and changes made in existing system
• Develop and implement new controls and processes to ensure ongoing compliance
• Conduct workshops and training for finance, actuarial and business teams
• Ensure governance and approval for all Ind AS related changes

Required Skills and Competencies:

• Strong technical knowledge of Ind AS, particularly Ind AS 109, 116, 101. Knowledge of Ind AS 117 is added advantage
• Understanding of insurance sector financial reporting and IRDAI regulations
• Experience with ERP/reporting systems and data mapping
• Strong communication and stakeholder management abilities

Qualification & Experience

• Chartered Accountant (CA) or equivalent
• 1-3 years of experience in financial reporting or audit in insurance sector
• Prior experience in IND AS or IFRS reporting is added advantage
• Exposure to life insurance business processes is added advantage

Job Snapshot

Updated Date

02-11-2026

Job ID

JOB15004

Department

Accounts and Finance

Location