Posted By
Posted in
Sales & Marketing
Job Code
1457505
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
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Posted By
Posted in
Sales & Marketing
Job Code
1457505