Vice President – Financial Accounting

2 days ago

Mumbai, India Evoke HR Solutions Pvt. Ltd. Full time

Job Description

Position Title: Vice President – Financial Accounting & Reporting

Grade/Level: M4 Level

Department: Finance & Accounts

Location: Corporate Office, Mumbai

Reports To: Senior Vice President – Finance & Accounts

Team Supervised: 2 Direct Reports (Total: 2 Direct/Indirect)

Geography Managed: Pan India

Note:- Need Candidates From Life Insurance only

Job Purpose

The Vice President – Financial Accounting & Reporting will be responsible for reviewing financial statements on a monthly, quarterly, and annual basis in compliance with IRDAI regulations. The role includes oversight of accounting standards implementation, ensuring compliance, responding to internal/external information requests, and driving process improvements to strengthen the company’s financial integrity and governance.

Key Responsibilities

Managerial Responsibilities

- Recruit, mentor, and manage Finance team members as per business requirements.
- Drive performance management, provide coaching and counselling, and ensure team development.
- Enhance engagement and retention of key talent.

Functional Responsibilities

Financial Accounting & Reporting

- Ensure adherence to accounting standards and IRDAI/statutory compliance.
- Review monthly, quarterly, and annual financial statements.
- Oversee quarterly results, performance reviews, and press release preparation for stock exchange submissions.
- Review Expenses of Management (EoM) for IRDAI compliance.
- Lead implementation of Indian Accounting Standards (Ind-AS) projects.

Process Improvement & Initiatives

- Partner with cross-functional teams to improve cost efficiency and optimize resources.
- Drive automation in financial reporting to reduce manual effort and enhance accuracy.

Compliance & Governance

- Ensure accurate transaction records and timely reporting to management, board, and regulators.
- Maintain high standards of compliance and financial governance.

Stakeholder Management

- Build and maintain strong relationships with regulators, auditors, investors, and internal stakeholders.
- Communicate financial performance, strategies, and risks effectively to the Board and other stakeholders.
- Review and validate financial statements, annual reports, investor presentations, disclosures, and regulatory submissions.

Job Requirements

Qualifications:

- Bachelor’s/Master’s degree in Accounting, Finance, Business Administration, or Commerce from a reputed university.
- Chartered Accountant (CA), Certified Public Accountant (CPA), or equivalent international qualification preferred.

Experience:

- 15+ years of relevant experience, including 10+ years in a managerial role.
- Strong background in a regulated industry such as insurance or financial services.

Skills:

- Strong knowledge of insurance fundamentals, products, and processes.
- Expertise in business accounting, financial planning, and regulatory/shareholder reporting.
- Proficiency in business analytics, planning, and forecasting.
- Digital proficiency: Advanced MS Office, automation tools, and digital platforms (Android/Apple).

Interested candidates can share their updated resume on jeena.sunil@evokehr.com

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