Senior Manager/Manager - Statutory Reporting

Senior Manager/Manager - Statutory Reporting

Key Responsibility Areas Including Preferred Skills & Experience:

- The processes involve accounting & reporting work for Insurance Domain, preferably requiring the sound understanding of US GAAP/STAT Reporting. The role also envisages review, preparation, and consolidation of financial reporting. Professionals would be an individual working on high-end systems and various reporting software applications like Workiva, Eagle Wings and Oracle, for meeting their monthly, quarterly, and annual deliverables.

- This position is responsible for providing subject matter expertise/ performing end-to-end review of the work performed/ establishing controls/ streamlining the process and developing domain knowledge of the offshore staff.

- Ensure end-to-end operations management for Statutory Financial reporting, disclosures, Surveys, State filings etc.

- Partnering in setting the team's strategic direction and assisting in the overall running of the team's operations

- Ownership of processes, reports, procedures or products. Subject Matter Expert with knowledge of cross-function processes

- Insurance accounting regulatory reporting experience (SSAP knowledge) preferred

- Review of critical journal entries, GAAP/STAT supplements, and Notes to accounts before submission to onshore team

- Leadership and development of staff

- Liaison with multiple departments (Input providers) during the close to ensure timely completion of deliverables/Collaborate for special projects

- Support quarterly/annual audits by internal auditors, as-well-as, independent external auditors

- Participate or lead special projects, initiatives, ad-hoc reporting, and analysis requests

- Understand & anticipate clients' business needs/concerns, etc. & proactively resolve the same

- Identify process improvement opportunities to drive efficiencies and enhanced controls

- Act as a point of escalation for any operational issues

COMPETENCIES:

- Knowledge of Regulatory reporting concepts including accounting standards

- Understanding of Insurance US GAAP & STAT Principals

- Knowledge of MS Office (Excel, Word, Power BI etc.)

- ERP's such as Oracle, Wdesk, Wings etc.

- Proficiency in English

- Excellent Communication / interpersonal skills

- Data gathering ability/ Eye for detail

- Strong people management and leadership skills.

- Capability to conduct an appraisal discussion and assess different levels of performance and potential.

- Capability to communicate with large teams.

- Process Excellence Methodology.

- Appreciation of the domain needs of the process and its key drivers.

- Good networking capability and Client facing skills. Goal oriented

ELIGIBILITY CRITERIA:

- CA/CPA/MBA/Post-Graduate in Finance with 8+ years of experience in Financial Accounting & Reporting (GAAP & STAT Reporting)

- Must have an experience of handling team size of approximately 8-10 people

- Knowledge of Regulatory reporting, technical accounting principles and STAT reporting requirements

- Capable of working with tight deadlines and lead closure of reporting timelines

- Effectively balance quality, timeliness and accuracy standards

- Identify and implement enhancements and efficiencies

- Experience with financial reporting applications (Oracle BI, Essbase, Workiva, EagleWings)

- Proficiency in MS-excel & MS PowerPoint

- Excellent quantitative and analytical skills with strong time management, organizational and problem-solving skills and the ability to multi-task and work in a deadline-driven environment

- Excellent verbal, written and interpersonal communication skills with the ability to interact effectively at all levels across the organization