Posted By

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Chitamber Sana

Technical Recruiter at The Pinnacle Serach

Last Login: 03 June 2024

Job Views:  
2646
Applications:  89
Recruiter Actions:  13

Job Code

123463

Insurance Statutory Reporting - BPO

3 - 10 Years.Delhi NCR
Posted 10 years ago
Posted 10 years ago

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)

Candidate Name

Current Employer
Designation
Current Location
Preferred Location
Total Experience
Relevant Experience
Education
Current CTC
Expected CTC
Notice Period
Contact details
Reason for Change

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

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Posted By

user_img

Chitamber Sana

Technical Recruiter at The Pinnacle Serach

Last Login: 03 June 2024

Job Views:  
2646
Applications:  89
Recruiter Actions:  13

Job Code

123463

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