Assistant Vice President - Finance - Mumbai (Goregaon East)

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