Avp - Business Finance, Insurance Finance

Some careers have more impact than others If you re looking for a career where you can make a real impression join HSBC and discover how valued you ll be HSBC is one of the largest banking and financial services organisations in the world with operations in 62 countries and territories We aim to be where the growth is enabling businesses to thrive and economies to prosper and ultimately helping people to fulfil their hopes and realise their ambitions We are currently seeking an experienced professional to join our team in the role of Assistant Vice President - Business Finance Insurance Finance Business Finance Principal responsibilities Business Should be a subject matter expert fair understanding of IFRS17 accounting and reporting Should be having understanding of concepts of IFRS17 like product classification disclosure requirements Impairment on Investment of subsidiaries assessment basic accounting knowledge for books close and Saracen reporting structure Exposure to IFRS17 accounting and reporting as per standard Should be a subject matter expert on preparation of Entity Financial Control Activities - Ledger Close SARACEN Primary and Supplementary Financials Analytical Reviews Balance Sheet Reconciliations and Substantiation Should have expertise in analysing the Insurance business Should have in-depth knowledge around preparation and review of the schedules and financial results for Insurance entity Should be able to comprehend and implement the controls and procedures in regard to Financial Control processes Having good understanding on related control environment SOX as well as Non SOX and making sure accounting and reporting process works as per design Responsible for managing audits and handling queries from senior stakeholders including Regional and Group Reporting teams Should be able to provide guidance to insurance operations Should have good perspective of system changes and its implications Should be able to navigate and create relationships with various departments to manage the dependencies and relevant updation Should have logical thinking embedded in daily approach to work Should have extensive experience in Insurance business drivers Should be capable of picking new projects assignments process Identify Drive Build operate it as BAU Responsible for executing the business as usual BAU control and business finance processes Should be good in Excel and other automation tools like Python Xceptor etc Identify opportunities for process re-engineering improvement and drive changes independently Drive projects identify automation opportunities Customers Stakeholders Should have an approach of be a Business Developer Ensure support is provided as per requirement to onshore counterparts Attend Organize all business calls meetings and drive issue resolution as required Respond to queries from senior group level management as appropriate Leadership Teamwork Directly work with larger Insurance teams as a Group Finance representative to Insurance markets Drive performance metrics in line with requirements Manage peak loads of work and also identify and re-engineer processes to reduce month end workload Ensure development of other team member s by undertaking a training needs analysis Ensure personal development plans are in place covering product knowledge technical and soft skills Operational Effectiveness Control Ensure proactive controls in place to highlight issues before they are picked up by business Ensure optimum utilization of resources and plan for peak load volumes Manage the Operational Risk Maintain cross training for all deliverables Principal Accountabilities Key activities and decision making areas Ensure a 100 PLA delivery b basic process documentation is completed for all the activities Develop and groom team members for future opportunities internally and within organization Typical KPIs and Targets KPI s to be Error free Ensure compliance with HSBC standards and Statutory requirements Have 100 backups created to operate during any contingent events Qualification Qualified CA CWA with at least 10 years of post-qualification experience in accounting Qualified MBA finance with at least 10 years of post-qualification experience from reputed institutes Past experience of working in insurance companies consultancy or organization of repute will be an advantage Ability to develop effective working relationships with business partners customers Ability to bring analytical rigour structure and solution to problematic areas An excellent attention to detail Very good working knowledge of Microsoft Office is essential Is expected to have strong technical understanding of accounting principles and demonstrated competence in their application Ability in Business Reporting and Analysis Possess good analytical and lateral thinking skills Should have demonstrated the ability of driving results Leadership Skills Possess strong strategic vision and leadership skills Strong communication and ability to interact with multiple employee levels business partners etc Good negotiation conflict management capabilities Very good team handling skills with good management styles displaying acceptability and approachability Generic Skills Proficient professional in supervisory role responsible for leading motivating multiple teams processes with accountability on all Business Service Delivery parameters Very good strategic planning Consistency in meeting PLAs and achieving the business objectives Handle new challenges and open to change Balance technical skills and management skills Provide strategic direction and manage Business Partner relationships You ll achieve more at HSBC HSBC is an equal opportunity employer committed to building a culture where all employees are valued respected and opinions count We take pride in providing a workplace that fosters continuous professional development flexible working and opportunities to grow within an inclusive and diverse environment We encourage applications from all suitably qualified persons irrespective of but not limited to their gender or genetic information sexual orientation ethnicity religion social status medical care leave requirements political affiliation people with disabilities color national origin veteran status etc We consider all applications based on merit and suitability to the role Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement which is available on our website Issued By HSBC Electronic Data Processing India Private LTD