JOB SUMMARY :

- Lead the Investment accounting process. Perform a checker/ reviewer role in the process

- Leading the investment system replacement project for investment process including discussion with implementation partner, Creation of test cases, UAT testing, stakeholder management

- Understanding of execution process of trades in Indian markets like debt, Gsec, equity, Mutual fund, money market, etc.

- Managing Derivatives Desk to ensure Trade Execution, Settlements, Valuation, Margin Exchange and Reporting.

Stewardship Compliance

- Ensure adequate controls are there and all reconciliations performed daily.

- Accounting in Financial system is performed daily.

- Understanding of NAV and its computation process including its impact to Policyholders.

- Ability to review the same basis excel computations and other checks.

- Knowledge of trade settlements. Understanding of execution process of trades in Indian markets like debt, Gsec, equity, Mutual fund, money market, etc. Ability to control team.

- Review of MIS and controls on cash management/ treasury operations.

- Understanding of derivative instrument allowed by IRDAI including knowledge of hedge accounting, Hedge effectiveness testing, documentation etc.

- Flexible in approach and ready to use technology and build additional controls around operations.

- Liaising with the auditors, appointment etc. Management of audits statutory and concurrent

- Support conduct of meeting of Investment Committee of Board - preparation of agenda, deck, minutes, Investment policy, SOP review etc.

- Ensuring timely closure of month accounting.

- Support in monthly/quarterly/yearly internal reporting to financial team/shareholder.

- Understanding of IRDAI regulations on investment & derivatives.

- Leading/Support the various ongoing projects in the team.

- Work on system enhancement for Investment & reporting.

- Stakeholder management including Front office, middle office, Actuary

- Team Management

KEY RESPONSIBILITIES :

- Investment Operations - Ensure NAV is generated accurately on day-to-day basis and within the management acceptable timing.

- Derivatives: Managing Derivatives Desk to ensure Trade Execution, Settlements, Valuation, Margin Exchange and Reporting

- Accounting - Ensuring and review Investment accounting performed on daily basis.

- Compliance - Understanding of IRDAI regulations and continuous assessment towards compliance and study of new circulars, update to management with action.

- Reporting - Internal and external reporting on timely basis

- Reconciliation - Performance of various Bank and holding related reconciliation and MIS for analysis

- Managing Audits - Support to Concurrent Auditors and Statutory Auditors by providing timely data and ensuring successful completion of the same

- Adhoc - To cater the adhoc requirement from Mid office, Front office, Actuary and back office team for derivative related data.

- Projects - Working on Investment system project and bring it to closure within stipulated timelines focusing on automation, efficient processes.

- Settlements: Settlements of Deals, KYC, Banking Operations,

- Documentation - Ensuring proper agreement/term sheet/trade confirmations are in place with all bank.

MINIMUM EDUCATION:

- Chartered Accountant/ MBA

- 4-8 years of relevant post qualification experience.

- Experience in NAV calculation, Derivatives, Settlements, Reporting and Investment accounting is mandatory.

- INDAS / knowledge would be added advantage.

- Experience in insurance company in NAV/Reporting would be Mandatory.

- Prior experience in system implementation for SAP will have added advantage.

- Mfund / Mpower / Credence / CBV system knowledge

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