AVP - Finance Operations - Insurance Domain - Bank

What you'll do :

Business :

- Should be a subject matter expert on preparation of Financial statements under IFRS

- Should have extensive expertise in "analyzing" the Insurance business

- Should have in-depth knowledge around preparation and review of the schedules and financial statements for Insurance entity

- Should be able to comprehend and implement the controls and procedures in regard to accounting and analysis

- Should be able to provide guidance to insurance operations and product development team in regard to accounting GAAPs and procedures and their implications

- Should have good perspective of system changes and its implications

- Should be able to navigate and create relationships with various departments to manage the dependencies and relevant updation.

- Should have extensive experience in Insurance Accounting and its relevant GAAPs

- Should be well versed with Financial statement closure procedures

- Should have logical thinking embedded in daily approach to work

- Should be capable of picking new projects/assignments / process: Identify, Drive, Build & operate it as BAU

- Responsible for executing the business as usual (BAU) control and financial accounting processes

- Should be good in Excel / MS Access

- Identify opportunities for process re-engineering / improvement and drive changes independently

- Drive projects / identify automation opportunities

Customers / Stakeholders :

- Should have an approach of be a Business Developer

- Ensure support is provided as per requirement to onshore counterparts

- Attend/Organize all business calls /meetings and drive issue resolution as required

- Respond to queries from senior group level management as appropriate

Leadership & Teamwork :

- Directly lead and manage the teams to ensure PLA's adhered or exceeded in line with onshore requirements

- Drive performance metrics in line with requirements.

- Manage peak loads of work and also identify and re-engineer processes to reduce month end workload.

- Ensure all team members are developed by undertaking a training needs analysis for each team member.

- Ensure personal development plans are in place covering product knowledge, technical and soft skills

Operational Effectiveness & Control :

- Ensure proactive controls in place to highlight issues before they are picked up by business.

- Ensure optimum utilization of resources and plan for peak load volumes

Manage the Operational Risk :

- Maintain cross training for all deliverables.

Principal Accountabilities :

Key activities and decision making areas :

- Ensure 100% PLA delivery.

- Ensure the basic process documentation is completed for all the activities

- Develop and groom team members for future opportunities internally and within organization

- KPI's to be Error free

Qualification and basic requirements :

- Qualified CA / CWA with at least 10+ years of post-qualification experience in accounting

- Qualified MBA finance with at least 15+ years of post-qualification experience from reputed institutes

- Past experience of working in consultancy or organization of repute will be an advantage.

- Ability to develop effective working relationships with business partners/customers

- Ability to bring analytical rigour, structure and solution to problematic areas.

- An excellent attention to detail.

- Experience of GL Accounting and balance sheet account substantiation.

- Very good working knowledge of Microsoft Office is essential.

- Is expected to have strong technical understanding of accounting principles and demonstrated competence in their application.

- Ability in Accounting, Closing and/or Business Reporting

- Possess good analytical and lateral thinking skills.

- Should have demonstrated the ability of driving results

Leadership Skills :

- Possess strong strategic vision and leadership skills.

- Strong communication and ability to interact with multiple employee levels/business partners, etc.

- Good negotiation & conflict management capabilities.

- Very good team handling skills with good management styles displaying acceptability and approachability

Generic Skills :

- Proficient professional in supervisory role responsible for leading & motivating multiple teams/processes, with accountability on all Business Service Delivery parameters.

- Very good strategic planning.

- Consistency in meeting PLAs and achieving the business objectives.

- Handle new challenges and open to change.

- Balance technical skills and management skills.

- Provide strategic direction and manage Business Partner relationships.