Manager - Financial Reporting - Life Insurance (4-8 yrs)

Manager- Financial Reporting - Life Insurance

- To complete the financial reporting in timely fashion and with quality for all stake holders and to facilitate the finance re-engineering role for smooth and efficient financial operations

- To be responsible for monitoring statutory audits and limited reviews

Key Responsibilities :

- To ensure correct and timely financial reporting to the Group and statutory authorities

- To Co-ordinate with statutory auditors and have the timely completion of the limited reviews/ statutory audits

- To liaison with various departments and perform variance analysis for all financial statements line items

- To design accounting policies and prepare monthly financial statements (IGAAP and IND AS) along with the monthly projections.

- To ensure compliance of financial reporting guidelines as per IRDAI and IND AS requirements for Group reporting

- To perform analysis on all financial reports, identify trends and develop improvement plans.

- To implement IND AS module and ensure IND AS accounting entries are captured in the system.

Specific Authorities( Financial & Non Financial)

- Not Applicable

HR/ JD/ Ver1.0/1 st Feb 2020

Internal Key Performance Indicators :

- Timely submission of the financial statements to the Group as per group timelines of each month - 100% compliance

- Timely submission of IRDAI Report - 100% compliance

- Error in financial statement & IRDAI Report <=1% in value term

Qualifications :

- Chartered Accountant

- Experience

- 4-8 Years

- Base skill Understanding of organizational systems, process and products

Functional Competencies :

- Insurance Accounting skills - Knowledge of Insurance Sector

- Other Basic Accounting skills -Strong understanding of Accounting for Operating Expenses

- Financial statements and reporting

- Regulatory knowledge

- Insurance/Financial Industry knowledge

- Taxation knowledge

Behavioral Competencies :

- Business Acumen

- Execution Excellence

- Collaboration

Key Interactions :

Internal Nature or purpose of interaction

- Actuarial team

- Liaison with the Actuarial team in getting the reserves and numbers

- Operations team, Revenue accounting and Accounts payable team

- Liaison with different teams and obtain the reasons for any big variations in the numbers reported and ensure correct reporting.

- Investment team - Liaison with Investment team for the investment income and Investment trial balance as per the required timeframes

- Compliance Team - For all Regulatory reporting

- Corp MIS and - Liaison with Corp. MIS team to provide the monthly projections

HR/ JD/ Ver1.0/1 st Feb 2020

Internal :

- Hyperion Reporting (IGAAP and IND AS) and monthly trial balances to Group Consolidation

External Nature or purpose of interaction :

- Statutory Auditors

- For audit planning, execution and ensuring clean audits