Vice President - Financial Control - Insurance

Global Service Delivery is a business-aligned, customer-servicing organisation with the primary objective of driving operational excellence across our businesses worldwide. Achieving this through the consolidation, simplification and continuous improvement of processes across the full range of HSBC operations, the division simultaneously takes responsibility for managing operational, location and

GCB : 4

Reporting line: The role holder will have an entity and functional reporting line to the Head of Insurance Finance at GFC

Base Location: Gurgaon, NCR

Job Description:

To act as a Head of Financial Control for the Centre of Excellence for Global Insurance through the stages of evolution:

- Develop strategy

- Build teams and environment

- Migrate and consolidate processes

- Transform processes

- Consistent delivery of processes in a controlled environment

- Change management

The individual will be responsible for overseeing all Financial Control processes for the Insurance Businesses that are conducted in the GFC - including Operational Accounting, Financial Reporting and Regulatory Reporting

Principal Accountabilities KPI and Targets

Strategy:

Understand global Insurance framework i.e. Process (Target Operating Model), Policies, Regulatory requirements, Systems

Develop strategy to build and operate Insurance COE at GFC in line with the global requirements

Building capability:

Understand in-depth existing global Insurance processes for Financial Control and system / data flow

Understand talent requirement to set up team structure

Attract and hire talent

Design and enable training on global Insurance Financial Control processes

Migrations:

Lead transition for Financial Control processes and set up of Insurance utility at GFC along the global Insurance Target Operating Model from a process and system standpoint

Lead discussions with the in country and central teams on the plan and implementation

Process transformation:

Identify opportunities for improvement and drive changes independently

Drive change culture in the team and provide coaching as appropriate

Service Delivery:

Ensure service delivery of outputs reports as per the standards set out in agreed PLAs

Ensure financial data integrity and completeness of financial statementes

Ensure robust control environment and data integrity

Co-ordinate, work-closely with in-country finance teams across the globe

Ensure quality of output and commentary

Regular governance with the in country business partner

Build relationships internally and externally

Change Management:

Take accountability for ensuring change / implementation in compliance with Group Standards and Regulations as well as relevant FIMs

Understand the Global business requirements in line with regulatory changes and be able to effectively translate into functional requirements

Working with / dependency on Insurance teams in various countries who are not under their direct control

Working within a fast moving and demanding environment with significant regulatory changes and strict timelines

Establish strong relationships - establish strong partnerships with internal and external stakeholders

Leadership & Teamwork:

To work effectively with varying levels of people in Finance Function, Programme work streams, PMO, IT as required.

Ensure roles & tasks are clearly mapped and understood as relevant..

Coach team to ensure performance metrics i.e. production produced in line with requirements

Ensure team is developed by undertaking a training needs analysis for each team member. Ensure personal development plans are in place covering product knowledge, technical and soft skills

Communicate effectively with the team members and be a team player

Review the work of team members

Skills and Knowledge:

CFA/ MBA (Finance)/ PGDBM-Finance, Chartered Accountant/CWA /CPA

12+ years of post-qualification experience

Experience as Insurance CFO / Controller in a global environment(preferred)

Build trusting relationships with internal customers by consistently delivering value add services & delivery that exceeds expectations & positions the team for sustained success

Ability to identify improvement opportunities

Strong written and verbal communication skills. Sound understanding of HSBC / Insurance market products and line of business specifically.

Good understanding of financial products and how they impact finance operations specifically in the Insurance business.

Excellent working knowledge of MS related products i.e. Excel, Power Point, Access.

Experience in developing and documenting processes.

Ability to develop effective working relationships with stakeholders of different seniority and geographical location.

Ability to manage the service delivery of a designated processes

Ideally, experience of leading and managing teams

Global Exposure: Ability to interact with multiple cultures / multi-tasking.

Experience in leading change