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▷ [Immediate Start] Senior Manager
4 weeks ago
Job Description
Job Description
Position Title, Responsibility Level
Senior Manager
Function
Close and Consolidation
Reports to
AVP
Permanent/ Temporary
Permanent
Span of Control
10 - 20 members
Location
Noida - C59
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. Sound understanding of Insurance operation and accounting of Premium and Losses, Topside Premium, and losses Adj etc.
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/ Assistant 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
Organizational Relationships
Reports To : AVP Supervises : 10 - 20 members
Skills
Technical Skills
- Chartered Accountant, CPA, CFA or equivalent with 7 - 10 years experience in US GAAP / IFRS accounting experience
- B.Com with strong practical experience in Accounting and reporting for more than 12-14 years
Process Specific Skills
- Should have expert level understanding of GAAP accounting principles and procedures.
- Requires the knowledge and ability to review Journals, reconciliations provide solutions to technical accounting issues and organize projects
- Insurance accounting regulatory reporting experience or US GAAP/IFRS knowledge mandatory.
- Strong knowledge of Group Consolidation accounting and financials
- Ability to understand the significance of various activities in a statutory/GAAP accounting close cycle and deliver results accordingly.
Soft skills (Desired)
- Must demonstrate effective and diplomatic oral and written communication skills
- Strong time management and organization skills
- Effective people management skills
Soft Skills (Minimum)
- Self-disciplined and result oriented
- Ability to multi task
- Ability to work effectively as part of a team
- Commitment and drive for results
- Strong analytical skills
- Ability to understand and question established process guidelines in order to bring about possible process improvements
- Ability to pay great attention to detail - especially during processing of transactions
Education Requirements
- Chartered Accountant, CPA, CFA or equivalent with 7 - 10 years experience.
- B.Com with strong practical experience in reporting for more than 12 - 14 years
Work Experience Requirements
- 7 - 10 years of experience in technical accounting or reporting area preferably with an insurance company.
- 4+ years of supervisory experience in the field of Insurance/Reinsurance accounting for SM
- 3+ years of supervisory experience in the field of Insurance/Reinsurance accounting for Manager
- Should have good understanding of GAAP accounting principles and procedures.
