Assistant Vice President - Finance - Insurance Firm - CA

Looking for AVP Finance for a leading Insurance Company.

Purpose of this role :

- Ensure Business operations are developed and managed on a financially sound basis

- Safeguard shareholder and policyholder assets through sound investment policies

- Comply with all statutory and financial reporting as required by the board

- No. of subordinate (Please describe the job level and role of subordinate) - 5

- Please indicate financial and non-financial KPIs for this role

Protects the assets of the company by managing the capital efficiently :

- Establishing effective cash management system in place

- Ensuring internal process control across the business activities.

- Please give a description of key challenge of this role

- Fast changing regulatory and statutory environment making the need for an agile and adaptable task force in place

- Attrition of manpower and Motivation of employees and aligning to the expectation of the business requirements

- Strict solvency requirement to be met in a very competitive market environment

Parties which are usual contact in this role including internal or external parties and the nature of communication with these parties :

CEO : Business performance-based discussion

Heads of the Department : resolution of issues relating to finance

Auditors : Finalization of audited financial statement on quarterly basis

Tax consultants : Issue resolution with respect to various tax laws

Banks : CMS and other banking related aspects

Finance team members : day to day guidance and discussion on finance department related issues and decisions

Officials : Finance related MIS/reports

IRDA officials : in respect of regulatory aspects

Statutory authorities : in respect of tax assessment related

GI council : to represent industry issues

Industry FCs : to discuss industry issues

- IFRS

- CA (IFRS) - Exposure towards IFRS is mandatory, 2-3 yrs