Financial Reporting Manager

A Leading Life Insurance Company is seeking a detail-oriented Financial Reporting Manager to strengthen financial controls and statutory reporting.

The Financial Reporting Manager must combine solid technical accounting mastery under Ind AS and IFRS with operational proficiency in SAP and life insurance policy administration systems.

Key Responsibilities

• Execute monthly financial book closures and compile comprehensive financial statements in strict accordance with IGAAP.
• Prepare and transition financial statements under Ind AS and IFRS reporting frameworks.
• Perform rigorous operating expense (Opex) variance analyses and manage monthly provision movements.
• Compile and submit monthly, quarterly, and annual statutory returns and reports to the IRDAI and Life Insurance Council.
• Monitor and perform balance sheet and revenue reconciliations between core policy administration systems and SAP.
• Generate monthly profit and loss forecasts and execute structured financial reconciliation reviews.
• Manage internal, statutory, and regulatory IRDAI audit engagements to ensure timely resolution of observations.
• Interface cross-functionally with Actuarial, Investments, Product, and Operations departments to ensure accounting integrity.

Requirements and Qualifications

• Chartered Accountant (CA) qualification from the Institute of Chartered Accountants of India.
• 5-8 Years of relevant post-qualification experience in financial preparation, accounting, and reporting.
• Proven technical understanding of Ind AS, IFRS, and life insurance regulatory reporting requirements.
• Hands-on operational familiarity with SAP accounting modules and life insurance policy administration platforms.
• Strong analytical capabilities, problem-solving mindset, and proactive self-initiative approach.