Assistant Vice President

4 days ago

Mumbai, Maharashtra, India Kotak Life Insurance Full-time

Role: Assistant Vice President - Finance
Education: CA / MBA
Experience: 7 years + 

Desired profile
Good knowledge of Insurance and understanding of Finances
Candidate should have 
good managerial skill , stakeholder management skill , effective communication skill and 
should be handle Project Management  

Key Responsibilities 

1.Financials and Various MIS      

• Understanding of financials and notes to accounts  

• Ensure adherence to accounting standards, accounting policies  and compliance with IRDAI 

regulations and other applicable statute 

• Preparation of Variance analysis, ratios, and various MIS for the purpose of financials review, 

ACB and Board. 

• Assist in identifying key drivers for variances and provide actionable insights 

• Review/Preparation of data for Audit/IRDAI/Other regulators 

• Monthly closure of books of account along with analysis and quarterly audit 

• Accurate and error free reporting of numbers and accounting transactions and ensuring time 

to time reporting to the Management, Board and Regulators 

• Managing of Various Auditors and other key stake holder like KMBL, Internal Auditor , 

Management Auditors and Other Department 

• Preparation and Monitoring of Budget files for the departments 

2. Regulatory Returns & Reporting 

• Prepare and review regulatory submissions including F&A BAP, Website Public Disclosures, 

Listed Entity formats, FC Return, Return of Subsidiaries, MSME Form-1, and other ad-hoc 

returns 

• Improvement in current process, bringing automation and streamlining  

• Leading the MSME Reporting project, preparation of data, coordinating with teams , 

publishing the data and ensuring the compliance as per ACT 

• Managing various IRDAI Ad hoc data requirements 

• Managing other ad hoc related to Other Authority like Tax, GST, PT and other 

regulators 

• Ensure accuracy, completeness, and timely submission of all regulatory filings in line with 

applicable guidelines 

3. Projects and Automation 

• Drive strategic initiatives within the CFO’s function to improve , collaborate on cross

functional projects involving multiple departments to deliver organization-wide impact 

• Support implementation and monitoring of key transformation and improvement initiatives 

• Implement automation tools and technologies for financial reporting processes to 

reduce manual efforts and enhance accuracy. 

• Identify opportunities for process optimization and efficiency improvements. 

4. Competition Analysis & Benchmarking 

• Analyze Financial Statements, Notes to Accounts, and Management Reports of peer life 

insurance companies 

• Benchmark key metrics, disclosures, and practices against industry players 

• Managing and preparation of Annual reports, Management reports and other 

disclosures 

5. Audit & Compliance Support 

• Assist in audit-related activities including data preparation, schedules, and documentation 

• Preparation of representation letters