Insurance Statutory Reporting - BPO

We have huge openings in one of the leading BPO for the following positions.

Brief of the Company

It is a global leader in transforming and running business processes and operations including those that are complex and industry-specific and has a unique heritage, which has contributed to our deep understanding of process.

Our Finance and Accounting services include:

- Accounts Payable

- General Accounting

- Closing & Reporting (ACR)

- Treasury

- Tax Services

- Financial Planning & Analysis

- Finance & Accounting Tools

- Recovery Audit Services

- Governance

We also deliver high-end F&A services such as Product Cost Accounting, Continuous Transaction Monitoring, Finance Business Intelligence and support to Integrated Business Planning and Supplier Audit & Recovery.

Job Description

Job Role: Insurance Statutory Reporting (NAIC)

Location of Posting: Gurgaon

Total Years of Experience: 5~ 8 years of Insurance Experience

Minimum Qualification: University Graduate

Professional Qualification : Chartered Accountant

Flexible to work in shifts (APAC / EMEA / US)

Experience:

Technical

- Advanced Accounting and Reconciliations experience

- Should have experience and understand the framework of multiple reporting requirements (STAT/GAAP/ Management Reporting (Business Segment / Product / Portfolio Reporting to Sr. Mgt).

- Experience in accounting & STAT reporting in P&C insurance industry.

- Experience in Reconciliations and posting various transactions –accruals, provisions, bank statement, intercompany etc.

- Reconciliations including the sub ledger to the general ledger, asset classes and other classifications required for Upstream, NAIC reporting.

- Having experience in operation & Strategic Finance

- Ensure strong financial tracking process is implemented.

- Strong understanding of core financial processes and able to conceptualize and build new processes based on business requirements.

Key Accountabilities

- Responsible for preparation and review routine and recurring journals / accounting entries

- Manage & execute STAT close calendar and specific close activities

- Prepare & review GAAP to STAT reconciliations, adjustments

- Prepare STAT financial statement (Yellow book) and analytics

- Prepare non complex routine & recurring journal / accounting entries

- Responsible for ensuring that work is delivered is fully compliant with the required policies and procedures, and meets KPI’s outlined.

- Develop and implement a framework for management review and challenge of substantiation and reconciliation outputs.

- Establish robust analytical procedures over the balance sheet & profit and loss account to build understanding of business and its key drivers and flush out any errors in the financials.

Preferred Skills

- IT Knowledge –Preferably ERP knowledge

- Proficiency in the use of Microsoft Office, including strong Excel skills.

Job Description

Job Role: US GAAP Reporting

Location of Posting: Gurgaon

Total Years of Experience: 3~ 8 years of US GAAP Experience; Insurance industry experience preferable

Minimum Qualification: University Graduate

Professional Qualification : Chartered Accountant

Flexible to work in shifts (APAC / EMEA / US)

Experience:

Technical

- Experience of delivering diverse financial information requirements in a complex organization

- 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, intercompany 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

Key Accountabilities

- 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 of financial 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

IT Skills

- Previous experience working on an accounting platform such SAP or Computron.

- Excellent working knowledge on MS-Excel. MS-Access knowledge is desirable

Applied For: - Designation (Position)

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Chitamber sana
Assistant manager
Veritas Resource & Training Solutions Pvt. Ltd.
P2,8th floor, Saptagiri towers, 1-10-75/1/1o 6, Begumpet, Hyderabad - 16, AP, India.
Work: 040-66140098
Mobile - 7702329412
http://www.veritasresource.com/jobposting.php