Financial Operations Director

3 days ago


Mumbai, Maharashtra, India ManipalCigna Health Insurance Company Ltd. Full time
Job Overview

We are seeking a seasoned Investment Operations Manager to join our team at ManipalCigna Health Insurance Company Ltd. in a dynamic role that requires strong leadership, technical expertise, and regulatory compliance.

About the Role

The successful candidate will be responsible for overseeing the end-to-end investment operations, ensuring full compliance with IRDA regulations, timely and accurate transaction processing, and effective risk management.

Key Responsibilities:
  • Transaction Management: Coordinate investment transaction processing and activities with the Investment Front Office in Credence, ensuring timely execution and accuracy.
  • Regulatory Compliance: Monitor investments to ensure compliance with IRDA regulations, implement system controls to prevent breaches, and escalate issues to CIO and CFO as required.
  • Policy and Risk Management: Review and update the Investment Policy in line with regulatory changes, identify risks, and implement effective control measures.
  • Fund Accounting and Reconciliation: Maintain accurate fund accounting, perform daily reconciliations, and ensure proper integration of investment systems with financial accounting systems.
  • Audit and Reporting: Facilitate system, concurrent, and statutory audits; ensure timely submission of IRDA returns, internal/external reports, and ad-hoc requirements.
  • Custodian Coordination: Work with custodians to maintain securities, manage corporate actions, and handle settlement of investment deals and creation of entity/security masters.
  • System Enhancements: Drive system changes, conduct UAT for investment systems, and ensure SOPs are regularly updated to reflect compliant and controlled processes.
  • End-to-End Operations: Oversee processes such as interest accrual, amortization, valuation, and reconciliation, and prepare investment portfolio reports as needed.
Requirements and Qualifications
  • Bachelor's Degree: Finance, Commerce, Accounting, or related field
  • Postgraduate Degree: Professional certifications such as CA, CFA, CMA, MBA (Finance) preferred
  • Experience: 4+ years in Investment operations or fund management, preferably in the insurance or financial services sector
  • IRDA Regulations: Strong understanding of IRDA investment regulations and compliance frameworks
  • Technical Skills: Hands-on experience with investment accounting systems (e.g. Credence) and financial reporting
  • Audit Experience: Experience in managing audits
Estimated Salary Range:

₹60,00,000 - ₹80,00,000 per annum



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