Kotak Life Insurance - Chief Manager/Senior Manager - Regulatory Return - Finance & Accounts - CA

Regulatory Return

Role: Finance and Accounts Lead

Designation: Chief Manager/Senior Manager

Department: Finance

Location: Goregoan East

Education: Qualified CA

Experience: 6 + Years

Position Overview:

We are seeking an analytical Finance and Accounts professional with expertise in the Insurance industry. The ideal candidate will oversee financial reporting, disclosures, controlling functions, analytical and regulatory compliances, and cross-functional automation projects. This role requires a strong blend of accounting and current IGAAP regulations. Exposure to IFRS accounting would be an advantage. The candidate must possess sharp analytical capabilities and excellent stakeholder management skills to lead teams and interact confidently with senior management, auditors, and cross departments.

Key Responsibilities:

1. Financial Reporting, Accounting and Analysis:

- Drive the monthly, quarterly, and annual closure of books of accounts. Ensure deep understanding and preparation of financials and detailed notes to accounts.

- Prepare robust variance analysis, financial ratios, and management information for review by the Audit Committee of the Board (ACB) and the Board of Directors.

- Contribute to accounting controls and analysis.

- Comprehensive understanding of life insurance accounting, IRDAI financial regulations, IGAAP, and IFRS reporting framework.

2. Regulatory Returns and Compliance Reporting:

- Prepare and review critical regulatory filings including F&A BAP returns, website public disclosures, listed entity formats, FC returns, return of subsidiaries, and MSME Form-1. Efficiently manage urgent and ad-hoc data requirements from the IRDAI, as well as taxation authorities (Direct Tax, GST, PT).

3. Strategic Projects, Competition Analysis and Process Automation:

- Drive strategic initiatives within the CFO function and collaborate on high-impact, cross-functional projects across multiple departments.

- Critically evaluate the financial statements, notes to accounts, and management reports of peer life insurance companies.

- Map out and benchmark key performance metrics, disclosure practices, and operational strategies against industry leaders.

- Manage the end-to-end compilation, editing, and presentation of the company's Annual Reports and strategic management disclosures.

- Implement modern automation tools and technologies within the financial reporting ecosystem to minimize manual effort, eradicate errors, and compress closing timelines.