Assistant manager/Manager

3 months ago


Visakhapatnam, India Data Analytics Full time

Basic Function –

  1. Process entails review of local GAAP adjustment journals for APAC, EMEA and LATHAM countries for an insurance client.
  2. Manage the period – end close cycle – Month-end/Quarter-end/Annual for local books of various countries
  3. Expert knowledge on GAAP consolidation cycle and ability to review consolidation financials and provide commentary for Group consolidation
  4. Reconcile the general ledger accounts, calculating appropriate adjustments and provisions and booking them to the ledger upon approval, performing intercompany netting, and preparing relevant financial reports (income statement, balance sheet, cash flow) for CFO review.
  5. In-depth knowledge of Technical Accounting, Expense Allocations, Reconciliations and insurance expertise
  6. Leads or actively participates in increasingly complex department projects and continuous improvement activities
  7. Communicates effectively with other units and management to plan work, gather information, and present results
  8. Strong understanding of fixed asset accounting principles, including depreciation methods, capital vs. expense classification, and impairment analysis.
  9. Familiarity with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) as they pertain to fixed assets.

10. Expertise in calculating, managing, and optimizing depreciation schedules and methods (e.g., straight-line, declining balance).

11.Proficiency in maintaining an accurate and up-to-date fixed asset register, including asset tagging and tracking.

12.Experience in conducting physical asset inventories and reconciling these with accounting records.



Essential Functions


  • Require expert knowledge and ability to manage month close accounting journals, review reconciliations and financial statements and related reports, investigate problems and organize projects
  • Insurance accounting experience and US GAAP or IFRS knowledge mandatory.
  • Ability to deliver value working on various activities in statutory/Gaap accounting close cycle and deliver results accordingly.


Primary Internal Interactions


  • Manager for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
  • Manager for the purpose of settling issues left unresolved by the Assistant Manager and monthly evaluation of performance
  • Peers (team members) for the purpose of seeking co-operation & clarification on process-related matters & providing assistance and support when required



Primary External Interactions


  • Onshore Team Manager and SMEs for daily planning of work and execution of deliverables
  • Must demonstrate effective and diplomatic oral and written communication skills
  • Strong time management and organization skills



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