Bajaj Allianz - Senior Manager - Finance

Major Challenges :

- Variance analysis of financial statements in terms of volume, rate, other variables, etc. Preparation of walks from comparative previous periods, budgets, etc

- Compliance with laws. Adherence to IRDAI regulations, MCA notifications, Companies Act, Accounting standards (including Ind AS) are strictly followed and compliances maintained at all times.

- Engage with auditors for review and sign off on financial statements (including review of pack for consolidation with holding company as per Schedule III of the Companies Act).

- Review of various balance sheet schedules. Aged items to be followed up for closure and necessary provisions made as per Company policy.

- Understanding of Ind AS / IFRS and its impact. Accounting adjustments for Ind AS to be performed every quarter for reporting to IRDAI and for consolidation with listed holding company.

- Team management. Ensure engaged team at all times. Attrition is controlled, jobs satisfaction maintained, work life balance maintained, etc.

- Closure of accounts and accuracy in the same. Ensure all transactions are recorded accurately.

- Review and maintenance of controls through IFC

- Design and setup of accounting in system. Understanding of various transactions in a policy/ product and accordingly setup of the same in policy admin system, investment system, etc. Maintenance of accounting system (SUN) and FA system

- Review of reconciliations between SUN accounting system and satellite systems

- Preparation of management MIS for internal review every month. Review with CFO, AA, CEO

- Preparation of financial statements with notes to accounts and disclosures as per format specified by IRDAI

- Disclosure of accounts in newspapers and website on quarterly basis. Preparation of annual report at the end of each financial year for adoption in the AGM

- Submission of information on BAP of IRDAI

Salary offered: 10 - 15 LPA