Assosiate Director - US Insurance Financial Reporting

Details of Responsibilities / Purpose of Job:

1) Review and oversee Quarterly and Annual Statutory Financial Statements for approximately 4 Legal entities

2) Review and Manage analytical reports and findings

3) Review Audit Financial Statements and oversee support activities during Annual Audit and State examinations

4) Review all the of adhoc filings like the A&H Policy Experience Exhibits, Management Discussion & Analysis, Supplemental Health Care Exhibit, Minimum Loss Ratio Reporting, etc.

5) Work on project teams outside of active reporting periods to respond to changing technical requirements, new reporting needs, and suggestions for improved team performance.

Job Components:

- Review and approve quarterly and annual Statutory financial statements for 4 to 5 regulated entities, including checklists and underlying work papers

- Review and approve journal entries and analytic reports

- Coordinate the external and internal audits of the regulated entities, and work closely with the department that oversees the Department of Insurance inquiries and examinations. Audit coordinator responsibilities include approving audit documentation, issue resolution and time management

- Manage communications and Board reports for regulated entity officers and directors and the audit committee

- Plan, coordinate and manage the work of team/preparer. Monitor compliance with key controls, department policies, and the standard accounting, reporting practices & procedures

- Lead initiatives on working groups to develop and implement innovative approaches for continued improvement in efficiency & effectiveness

- Develop and engage a team, with direct and indirect reporting relationships, through mentoring and coaching.

- Interface with business contacts for questions / issues on quarterly filings

- Liaison / Oversee the liaison with Business Partners / Controllership (analytric findings, special requests, data issues)

- Communicate with legal entity and performance staff and directors as required as well as in 1:1 meetings

Required Skills :

- Exposure to transitioning US Insurance Financial Reporting

- Thorough understanding of Accounting, General Ledger and chartfield attributes

- Ability to manage medium to large team under extremely tight deadlines and should be able to handle challenges with his/her managerial abilities on day to day activities

- Excellent oral and written communication

- Interpersonal skills, mentoring ability and ability to motivate team at all stages and achieve expected results

- Attention to details and accuracy with analytical bent

- Deliver Quality Results

- Working knowledge of software tools ( Ex: MS Excel, PeopleSoft, Hyperion Essbase, PDF etc.)"

Educational Qualifications :

CA/ICWA/CPA

Experience:

- Experience in US Insurance Statutory Reporting should be ~5-6 years. Overall experience 12-14 years

- Experience in leading Insurance Financial Reporting Transition project - Preferred

- Experience in Audit - Preferred

Work Hours: Should be ready to work approximately 50-60 hours per week during mid-January through March, and an estimated 40-45 hours per week during the remainder of the year

Shift: Should be ready to work in US Shift (6 PM IST to 3 AM IST) during the Transition period and during peak filing season. Should be in UK shift (2.30 PM IST to 12 AM IST) for the remainder of the year

Passport : Must. VISA: Must

Travel: Should be ready to travel, if required for a duration of 6 - 8 weeks