Xceedance - VP - Finance - Insurance Operations Vertical

Role:

Reporting to the Executive Vice President, this is a critical position central to the overall strategy and success of Xceedance. As VP, Finance within the insurance operations vertical, you would be expected to apply your deep finance & insurance expertise helping one of our key clients set up their finance function globally. You need to be a global finance lead with property and casualty industry expertise and have the vision to conceive, design, and direct new data driven, technology enabled business models. Particular specializations in driving financial strategies by building and leveraging data and analytics, process transformation, automation and outsourcing experience are preferred. You will be responsible for overseeing and synergizing all finance processes for the Insurance Businesses that are conducted - including Financial Control and Business Finance (Processes under CFO purview)

Job Responsibilities

Service Delivery

The incumbent will have to understand global Insurance framework i.e. process (Target Operating Model), Policies, regulatory requirements, systems, and actively challenging the existing framework and working closely with client CFO to develop, refine and implement the new strategies for the finance function. The list below indicates some of the capabilities that Xceedance should have within its insurance practice and as head you would have the complete responsibility and independence for building it.

Strategy: Working with clients to develop and optimize growth strategies that mirror the current industry dynamics including the evolving regulatory environment

Advanced analytics: Develop and design analytics strategies that help our insurance clients to mine data for insights and decision making.

Performance Improvement and Operations: Harness the capabilities at Xceedance to increase efficiency and lower costs for our insurance industry clients.

Technology strategy: Working with companies to increase the agility of their information technology and digital assets

Customer Strategy: Designing client solutions to develop insights and strategies to nurture customer relationships and earn customer loyalty that fuels growth and lowers costs.

Compliance: Support insurance compliance and risk officers and their teams in satisfying the demands of more complex regulations while also helping their companies grow their top and bottom lines

Staffing: Lead team of senior F&A staff in India to ensure smooth and seamless delivery and assist in new product and geographical expansion for one of our key clients

In addition to working with external clients, you would also be working as a part of the leadership team of Xceedance with responsibility of the growth and development of the F&A vertical.

Role Demands

- Oversee the Global finance function

- Identify opportunities for both transformational and incremental improvement and drive changes

- Actively involved in the development of the change strategy and accountability for its implementation in compliance with group standards and regulations. Working within a fast moving and demanding environment with significant regulatory changes and strict timelines

- Focus on knowledge driven growth for the team

- Identify critical employees and create succession plans

- Support innovation in hiring strategies for finding the best talent pool

- Excellent verbal and written communication style. Ability to confidently build a strong rapport with project teams and the client.

- To work effectively with varying levels of people in finance function, various processes, PMO, IT as required, providing leadership and direction where required.

- Suggest improvement ideas to set up standard global operations

Qualifications & Experience

- CFA/ MBA (Finance)/ PGDBM-Finance, Chartered Accountant/CWA /CPA with 15+ years of post-qualification experience

- Experience as a controller in a global environment (preferred)

- Good understanding of P&C Insurance products and experience of analyzing / understanding financials working in collaboration with other teams like actuarial, IT etc (preferred)

- Experience of understanding and challenging existing accounting treatments, and of the application of new requirements (working knowledge of IFRS 4 and IAS 39 preferred)

- Experience of the planning and forecasting cycle in a large organization (preferred)

- US GAAP exposure

Benefits

Your career growth is important at Xceedance - We are a fast, growing, global organization and want our teammates to grow with us. Our training and mentorship programs act as a catalyst to your professional development and will help expand your growing skills to bring out your very best. We have many internal career opportunities - Over the course of your career with us, your goals may shift and your interests change. We keep the team inform about new positions and programs that will enable you to explore different opportunities that help advance your career. We understand the work life balance - We ensure our team members strike a happy and healthy work life balance through internal support systems and peer encouragement. We want you to enjoy your career with us. At Xceedance, people come first - We strive to build a diverse and inclusive working environment by encouraging free exchange of ideas, respect for differences, and well-being in the workplace for everyone. Your contributions contribute to our collective success as a global company. We build engaged and motivated teams - Challenge and variety are a part of our dynamic and interactive environment, which makes each day new and exciting. We strive to introduce new experiences into our work life through our team member engagement, fun at work initiatives, and social activities inside and outside our organization. We believe in and embrace our core values - perfection, honesty and collaboration. We encourage you to join our team and share in these values with us. We know these values will help define your work ethic and support our customers and the industry we serve.