Senior Executive - Finance and Accounts
Tata AIA Life- Posted a month ago
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Job Description
Role description
Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.
We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a Great Place to Work and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, People - Our Core, emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.
Fuel your future with us, find your wings, and S.O.A.R. - Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.
- Position Overview
Position Title | Senior Executive - IFRS17 Finance Actuary |
Department | IND AS Project |
Level/ Band |
Role Summary:
We are looking for an Actuary with accounting proficiency. The ideal candidate should be able to contributions bridging actuarial analysis with accounting treatment, ensuring transparency in financial disclosures, supporting audit processes, and driving compliance with evolving standards such as Ind AS 117. Strong analytical abilities, numerical accuracy, and an understanding of financial reporting frameworks are critical to success in this role.
Organizational Relationships
Reports To | SM - Ind AS Project |
Supervises | N/A |
Job Dimensions
Geographic Area Covered | N/A |
Stakeholders Internal | IFRS 17 Team |
Stakeholders External | Ind AS Project, Finance |
- Key Result Areas
Ensure Timely, Logical Development with Accuracy | . Support development, validation, and maintenance of actuarial valuation models in line with accounting standards (e.g., IFRS 17), ensuring consistency between actuarial outputs and financial statements. . Collaborate closely with actuarial, finance, and reporting teams to translate valuation results (e.g., BEL, CSM, risk adjustment) into accurate financial reporting, disclosures, and management insights. . Perform financial reconciliations between actuarial systems and general ledger, ensuring completeness, accuracy, and transparency of reported results. . Assist in preparation and review of financial statements, actuarial reports, and regulatory submissions, ensuring compliance with accounting policies and governance frameworks. . Conduct data validation, controls testing, and audit support activities to ensure integrity, traceability, and audit readiness of both actuarial and financial data. . Analyze financial and actuarial data to identify trends, variances, and key business drivers, supporting forecasting, budgeting, and decision-making processes. . Drive automation and efficiency improvements across actuarial and finance processes . Support documentation of methodologies, assumptions, and processes to ensure compliance with internal controls, regulatory standards, and audit requirements. |
- Skills Required
Technical | . Qualified Chartered Accountant, pursuing actuary. . Candidate should be appearing for actuarial exams. . Hands-on experience in accounting entries & impact. . Good problem-solving skill. . Strong communication and teamwork abilities. | |
Essential | Desired | |
Interpersonal skills | . | |
Communication skills | . | |
Creative thinking skills | . | |
Supervising / Leadership skills | . | |
Teamwork Skills | . | |
Influencing skills | . | |
Relationship Building skills | . | |
Decision making skills | . | |
Language Skills | English, Hindi & Local language |
- Incumbent Characteristics
Essential | Desired | |
Qualification | . Chartered Accountant . Any 2 Actuarial papers (from CB1, CB2, CM1, CS1) | |
Experience | . 0-3 years of experience in Actuarial and / or Accounting. |
Disclaimer:
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More Info
Key Skills
IFRS 17
Actuarial analysis
Financial reporting frameworks
Ind AS 117
Hands-on experience in accounting entries impact
Qualified Chartered Accountant pursuing actuary
About Company
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.