Assistant Manager

1 day ago

Noida Centre India Noida Insurance Full time ₹ 12,00,000 - ₹ 24,00,000 per year

Role Overview

The role involves end-to-end ownership of Solvency II Balance Sheet production, ensuring timely and accurate completion of all mandated QRT templates in line with PRA timelines. The candidate will play a key role in supporting regulatory submissions, bridging between GAAP and Solvency II, and contributing to process improvements within the reporting function.

Key Responsibilities

  • Prepare and review all mandated Quarterly and Annual QRT templates in accordance with PRA reporting timelines.
  • Support the bridging of local/US GAAP and Solvency II results, covering items such as DAC, receivables, and technical provisions.
  • Review critical journal entries and GAAP supplemental information before submission to the onshore team.
  • Perform claims provisioning and reserves calculations, including triangles for Annual QRT submissions.
  • Draft narrative reports (Quarterly, Annual R&A, SFCR/FCR) using Workiva or similar reporting tools.
  • Participate in or lead special projects, ad-hoc reporting, and analysis requests.
  • Identify and implement process improvement opportunities to strengthen controls and improve efficiency.

Primary Internal Interactions

  • Manager – for performance reporting, escalation handling, clarifications, and periodic feedback.
  • Peers/Team members – for collaboration, knowledge sharing, and support on process-related matters.

Primary External Interactions

  • Onshore Team Managers and SMEs – for daily planning, work allocation, and ensuring timely deliverables.
  • Maintain clear, diplomatic, and effective communication with external stakeholders.

Skills & Competencies

Technical Skills

  • MBA / Post-Graduate in Finance with 5+ years' experience in regulatory reporting (Solvency II preferred).
  • Solid experience in Solvency II Balance Sheet Production and QRT submissions.
  • Knowledge of IFRS 17 is an added advantage.
  • Proficiency in SAP/Oracle, SAP S/4HANA, Workiva, Wings, XBRL taxonomy updates.

Process-Specific Skills

  • Strong understanding of all three pillars of Solvency II reporting.
  • Ability to work under tight deadlines and drive closure of reporting timelines.
  • Experience in leading or actively contributing to complex projects and continuous improvement initiatives.
  • Demonstrated ability to balance quality, timeliness, and productivity.

Soft Skills (Desired)

  • Strong written and verbal communication skills for effective stakeholder management.
  • Good organizational, time management, and team management abilities.

Soft Skills (Minimum)

  • Self-disciplined, result-oriented, and detail-focused.
  • Strong analytical and problem-solving skills.
  • Ability to multitask and work collaboratively within a team.
  • Commitment to process improvements and operational excellence.

Education Requirements

  • MBA / Post-Graduate in Finance with 5–7 years of regulatory reporting experience.
  • Candidates with 3+ years of experience in Financial Reporting and Solvency II Reporting will also be considered.

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