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HR at Jubilant HR Consultants
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Vice President/Deputy Vice President - Financial Controller - Life Insurance Firm (12-20 yrs)
Role: Financial Controller
Industry background:
Our Client is a well established Life Insurance Company headquartered at Mumbai. Established in 2011, the Life Insurance Company part of India's leading and diversified financial services organization.
Role and Responsibilities:
- Overseeing various financial functions such as accounting, financial reporting, taxation, banking & treasury, budgeting, financial planning & analysis, compliance and submission of financial and management reports to the senior management.
- Develop and implement policies and procedures to ensure that personal and financial information is secure and stored in compliance with current legislation.
- Review monthly results and implement monthly variance reporting.
- Finalization of Annual, Quarterly and Monthly Financial Statements.
- Circulation of entity-level Profit and Loss MIS along with commentary on variances on monthly basis.
- Preparation & submission of all finance and regulatory returns, such as Annual Returns, Half Yearly Returns, Quarterly Returns and Monthly Returns within prescribed timelines.
- Co-ordination with Banks, Auditors and Investors for MIS and Audits
- Treasury management: Proper utilization of fund for business and control of idle fund.
- Statutory management/Due diligence: handling all Income Tax, Sale Tax, Central Sale Tax, Service Tax, Professional Tax, PF, ESIC, Minimum wage Act. And Contractual labour Act.
- Manage the cash flow and prepare cash flow forecasts in accordance with policy.
- Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll.
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