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02/02 Sanjiv Kumar
Executive Director at Dott Edward

Views:1776 Applications:21 Rec. Actions:Recruiter Actions:4

Manager - Reporting & Governance - Life/General Insurance (5-7 yrs)

Bangalore Job Code: 301488

MUST HAVES

1. You must be a post graduate ( MBA OR CA ) with Minimum of 5 yrs. of experience ( Post CA )

2. You must have 2-4 years of experience in Life OR General Insurance company handling financial reporting role.

Company - Fortune - 50 Company globally

The key responsibilities of this role are to :

Manage financial close processes across region :

- Review and understand Group financial reporting instructions

- Prepare clearly defined, tailored and timely financial reporting instructions / timetables to Local Entities, ensuring they are consistent with Group standards, documented, widely understood and enforced

- Work closely with Reporting & Business Analysis team and Strategy team to ensure financial and management data in Magnitude are aligned with financials as in the records of both Regional team & Local Entities

- Prepare Group consolidation adjustments updated in Magnitude (Group reporting tool) to ensure the correctness of account balances contributed by each entities at Asia consolidation view

- Ensure good quality and timeliness of the reported financials and data. Review the control checks results, identify and fix input errors

- Handle Group's queries on financial reporting inputs in Magnitude / Nautilus. Provide accounting and system supports to local entities on Group reporting tools

Monitor local entities to follow Regional and Group financial and management reporting policies/ methodology, procedures and control :

- Effective and efficient communication of updated or new Group/ Regional requirements / policies to the relevant entities

- Regularly review financial closing and management reporting processes. to maintain efficiency, effectiveness and ensure continuous improvement of the processes

Coordinate and manage Regional & Group governance reporting across the Asia region :

- Arrange the required CFO sign-offs to support Group's HY and FY financial close

- Assist to prepare board paper on external audit findings status update for the RMACC on timely basis

- Review and summarise status update of external audit issues from Local Entities via the Local Management Audit and Compliance Committee (LMACC) papers on timely basis and provide support to those finance related issues when needed

- Coordinate the Local Entities in the Group audit fees negotiation by collecting and summarizing audit fees budget of Local Entities

Perform research/study for technical accounting issues :

- Provide accounting advice and guidance to support new business transactions and requests from local entities.

- Provide support on delivering financial reporting training to Local Entities and across Regional Finance teams to enhance Local as well as Regional Finance capabilities and knowledge

- Support the delivery of governance and Magnitude training to enhance Local Entity capabilities around financial, management and performance reporting disciplines

Project Support :

- Provide ad hoc accounting and reporting support, e.g. Solvency II Pillar III Dry-run

Experience/Qualification :

- Post Grad. Degree in Accounting, Finance or Business discipline.

- Minimum of 5 years insurance industry experience

Knowledge :

- Good knowledge of IFRS, financial reporting and Group accounts consolidation of insurance business

- Understanding of management accounting and reporting regimes and concepts

- Knowledge of performance drivers and measurement within life and general insurance businesses

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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