Chief Manager – Financial Reporting

A leading life insurance company is seeking a strategic Chief Manager – Financial Reporting to join its finance leadership team in Gurgaon. In this senior role, you will lead regulatory reporting to IRDAI and the Life Council. Furthermore, you will oversee the preparation of quarterly and annual financial statements to ensure full statutory compliance. Consequently, this position is vital for maintaining the financial transparency and integrity of the organization’s public disclosures.

The Chief Manager – Financial Reporting must manage both statutory and internal audits to ensure they are closed without pending issues. Additionally, you will lead the automation of reporting processes and evaluate new system requirements with the IT team. Therefore, the company is looking for a Chartered Accountant with over 10 years of post-qualification experience. If you have deep knowledge of IFRS 17 and IRDAI regulations, this Chief Manager – Financial Reporting role offers a premier leadership opportunity.

Key Responsibilities for the Chief Manager – Financial Reporting

• Lead the preparation and submission of all reports to IRDAI and the Life Council.
• Manage high-stakes regulatory requirements, including BAP reporting and public disclosures.
• Oversee the accurate publication of financial results in newspapers as per regulatory standards.
• Provide comprehensive monthly data to actuaries and MIS teams for internal reporting.
• Support statutory and internal auditors by providing timely data for successful audit completion.
• Prepare detailed data decks for the Audit Committee and track all committee actionables.
• Evaluate new system requirements and provide Change Requests (CRs) to the IT department.
• Liaise with IT teams for defect resolution and the successful delivery of system enhancements.
• Test system requirements rigorously to ensure error-free financial data processing and reporting.
• Drive the automation, compliance, and improvement agenda to optimize existing finance processes.

Requirements and Qualifications

• Must be a Qualified Chartered Accountant (CA) with a strong professional track record.
• Minimum of 10+ years of relevant post-qualification experience in financial reporting.
• Extensive experience within the Life Insurance industry is a mandatory requirement.
• Strong technical knowledge of IFRS 17, IND AS 117, and Indian accounting practices.
• Deep understanding of IRDAI regulations and statutory financial reporting standards.
• Proven ability to lead complex audits and manage senior stakeholder relationships.

Measures of Success

• Timely submission of all reports in line with regulatory and management requirements.
• Continuous reduction in report generation time through the implementation of enhanced controls.
• Successful automation of manual reports to improve accuracy and operational efficiency.
• Effective data controls that ensure zero pending issues during internal and external audits.

If you are a seasoned finance leader ready to drive the Chief Manager – Financial Reporting function for a premier insurer, we encourage you to apply today!