Assistant Manager – Financial Reporting

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

The Assistant Manager – Financial Reporting must manage both statutory and internal audits to ensure successful completion without pending issues. Additionally, you will lead system enhancements by testing new requirements and collaborating with IT for automated solutions. Therefore, the company is looking for a Chartered Accountant with over 2 years of post-qualification experience. If you have deep knowledge of IND AS 117 and IRDAI regulations, this Assistant Manager – Financial Reporting role offers a premier opportunity for professional growth.

Key Responsibilities for the Assistant Manager – Financial Reporting

• Prepare comprehensive reports for timely submission to IRDAI, SEBI, and the Life Council.
• Manage high-stakes regulatory requirements, including BAP reporting and quarterly Public Disclosures.
• Consolidate financial data to support statutory, internal, and management reporting processes.
• Provide monthly data to actuaries and MIS teams to facilitate accurate internal reporting.
• Support statutory and internal auditors by providing timely data and ensuring a smooth audit cycle.
• Prepare critical data decks for the Audit Committee and track the closure of 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.
• Perform rigorous testing of system requirements to ensure error-free financial data processing.
• Maintain effective controls on data to ensure accuracy and compliance with accounting standards.

Requirements and Qualifications

• Must be a Qualified Chartered Accountant (CA) from a recognized institute.
• Minimum of 2+ years of relevant post-qualification experience in financial reporting.
• Specific experience within the Life Insurance industry is a mandatory requirement.
• Strong technical knowledge of IND AS 117 and current Indian accounting practices.
• In-depth understanding of the SEBI and IRDAI regulatory frameworks for insurance.
• Proven ability to manage complex audits and meet strict regulatory submission deadlines.

Measures of Success

• Timely submission of all reports in accordance with regulatory and management timelines.
• Continuous improvement of reporting processes through automation and enhanced data controls.
• Successful closure of audits without outstanding issues or high-risk findings.
• Effective collaboration with IT to reduce report generation time through system automation.

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