
Vice President – Financial Accounting
10 hours ago
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
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
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