Deputy Manager - Financial Reporting

JOB SUMMARY:     

• Regulatory reporting to IRDAI/Life Counsel
• Internal, Management and Statutory reporting
• Management of audits – statutory and internal
• Support in preparation of quarterly / annual financial statements
• System Maintenance, testing, new development, etc.

KEY RESPONSIBILITIES:

• Regulatory reporting –

1. Preparation of reports for submission to IRDAI/Life counsel, providing information/details required by IRDAI/Life counsel etc.
2. Public Disclosures
3. BAP Reporting
4. Newspaper publication

• Management reporting – Providing data to management as and when required
• Internal reporting – Providing data to actuaries, MIS team on a monthly basis
• Managing Audits – Support to Statutory/Internal auditors by providing timely data and ensuring successful completion of the same
• Audit committee- Preparation of data for the deck, other items to be taken up, closure of audit committee actionable etc.
• System Enhancements – Testing of system requirements, evaluate new requirements and providing CRs to IT, liase with IT for resolution of defects and delivery, testing of requirements

MEASURES OF SUCCESS:

• Timely submission of reports in line with regulatory and management requirements and continuous efforts to reduce time taken to make reports with enhanced controls.
• Automation, compliance and improvement agenda resulting in improvement of processes.
• Providing sufficient data to auditors and ensure that the audit is closed without pending issues.
• Automation of reports.
• Effective controls on data.

JOB REQUIREMENTS:

• Chartered Accountant
• 2- 4 years of relevant experience post qualification
• Life Insurance experience in Financial Reporting
• Good knowledge of I GAAP, IND AS, Accounting practices and standards and IRDAI regulations