Job Role: US GAAP Reporting
Location of Posting: Gurgaon
Total Years of Experience:7-9 years of US GAAP Experience; Insurance industry experience preferable
Minimum Qualification: University Graduate
Professional Qualification : Chartered Accountant (MUST)
Flexible to work in shifts (APAC / EMEA / US)
Experience:
Technical:
- Experience of delivering diverse financial information requirements in a complex organisation
- Operational experience with U.S. GAAP and IFRS
- Knowledge/experience of Sarbanes Oxley is an advantage
- Preferable experience in accounting &reporting in P&C insurance industry
- Experience in Reconciliations and posting various transactions - accruals, provisions, bank statement, inter company etc.
- Reconciliations including the sub ledger to the general ledger, asset classes and other classifications required for Upstream, US GAAP reporting.
- Significant and complex financial analysis of activities, projects and plans
- In depth understanding of the financial services industry including current issues, trends and developments
- Good understanding of the key financial drivers for the region
- In depth understanding of the regulatory environment in the finance sector
- Deal with all other ad hoc reporting requirements that occurs
Soft Skills:
- Ability to listen well and comprehend, good customer service attitude to clearly articulate the resolution.
- Must demonstrate a high level of self-motivation, energy and flexibility
- Ability to handle varied volumes of workloads and to reach targets and deadlines on a timely basis
- Must demonstrate a high level personal integrity and investigation / negotiation skills
- Ability to identify, build and enhance key relationships, influencing and challenging as required.
- Understanding and knowledge of the drivers of business performance.
- The ability to work in a global environment with a strong customer focus, with experience of pro-actively working in a flexible manner.
- Self-starter, with ability to work under own initiative.
- Prior work experience in a multinational organisation and matrix reporting structure
Key Accountabilities (Please specify the Activity list of the Incumbent):
- Prepare and review routine & recurring journal / accounting entries, accruals
- Prepare non compliance routine & recurring journal / accounting entries
- Complete data quality checks on system / GL close
- Manage close calendar & execute system / GL close activities
- Prepare, review and approve business segment journal entries
- Responsible for preparation offinancials statements/ GAAP quests (P&L, balance sheet and cash flow) and reporting giving insight to the key performance indicators under US GAAP including analytics
- Responsible for ensuring that work is delivered is fully compliant with the required policies and procedures, and meets KPI's outlined.
- Offer advanced professional knowledge of US GAAP financial accounting practices and principles over all areas of finance
- Manage and control the preparation of the Year-End packs, submissions for consolidated accounts and the associated timetable for all Group entities
- Build and maintain reporting formats and hierarchies
- Maintain a strong financial control infrastructure
- Understand the core processes and areas of risk within the business area and work with the management team to mitigate them
- Assist with the month-end accrual process
- Prepare variance analysis and supporting schedules on Balance Sheet accounts
Required Skills:
- Strong communication skills, with the ability to clearly and succinctly articulate issues to senior management.
- Ability to identify, build and enhance key relationships, influencing and challenging as required.
- Understanding and knowledge of the drivers of business performance.
- The ability to work in a global environment with a strong customer focus, with experience of pro-actively working with demanding customers in a flexible manner.
- Proven staff management skills & strong team leadership, with the ability to direct and motivate staff
- Innovative and always looking for continuous improvement in order to develop succession plan for staff
IT Skills:
- Previous experience working on an accounting platform such SAP or Computron.
- Excellent working knowledge on MS-Excel. MS-Access knowledge is desirable
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