Position: Assistant Manager, Finance
Location: Mumbai, IN
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
Position overview
- Ensure accurate and complete financial reporting in a timely manner
- Ensure accurate accounting related to revenue, accounts payable and fixed assets
- Lead and coordinate with statutory and internal auditors
- Understanding of IFRS (Ind AS) accounting for Indian companies
- Strong analytical and reconciliation skills to ensure strong internal controls implementation and review
Responsibilities
Financial reporting and audit
- Ensure accurate accounting related to accounts payable, fixed assets and tax
- Ensure the vendor invoices are processed on timely basis and as per agreed SLA with function
- Plan vs actual comparison and variance analysis to be presented to the management with reasoning for variances
- Ensure proper internal control is defined on various finance processes
- Ensure there is proper control over fixed asset procurement and timely physical verification
- Timely sharing of information and facilitate timely closure of statutory audit of both the entities in relation to accounts payable, fixed assets and tax without escalations from auditors
- Ensure timely closure of Internal Audit process and further improved process in terms of ageing visibility and closure of long aged items
- Ensure that all expenses are approved as per DOA and approval guidelines
- Ensure no overdue related party balances in the financials
- Manage the month, quarter and year-end close-down process
Account reconciliation, balance monitoring and regulatory reporting
- Analyse balance sheet codes and ensure balances are accurate and current
- Reconcile balances with the source system, ensuring tax compliances with respect to right TDS rates on expense invoices, GST rates on Invoices and IUC expenses
- Assist with reviewing policy account balances including premiums receivable and assisting with addressing collection issues with premium receivable
- Ensure effective cash management, including monitoring future cash requirements and ensuring efficient levels of funding are available
- Ensure completion of periodic returns to proper authorities
- Ensure completion of regulatory returns, tax filings and annual financial statements
Process improvement
- Ensure a formal review mechanism of existing process and drive process improvements in expenses processing and financials reporting
- Ensure to be the part of budgeting activity in respect to non-insurance related expenses in consultation with the reporting manager
- Driving expense analysis and expense control
- Ensure on time closure of the assignment as agreed with the stakeholder and reporting manager
Risk management
- Ensure that accounting process is in line with SOX narratives
- Ensuring no unreconciled items in bank reconciliation
- Implementation of new process and controls to ensure that there is no concerned areas of the auditors related to non-insurance
- Ensure working closely with regional team responsible for handling inter unit charges, so as to determine tax implications and balances are settled without delay
Requirements
- Semi-qualified chartered accountant with 4-5 years of work experience is preferred
- Bachelor’s degree holder with good exposure in Big 4 and/or insurance companies
- 3-5 years of middle management work experience in insurance accounting and tax
- Good command over written and spoken English
- Accounting knowledge, i.e. India GAAP, Ind AS and US GAAP
- Experience of financial reporting, insurance accounting, system reconciliations
- Exposure to Indian private limited company financial reporting will be an added advantage
- Managing and leading statutory audit processes
- Proficiency in Microsoft Excel will be added advantage and capability to work on standard reporting tools will be an added advantage like Power BI
- Good understanding of insurance/ reinsurance business
- Stakeholders’ management
- Ability to strictly adhere to timelines and project management skills
- Ability to resolve complex issues independently, drawing on knowledge of the industry and accounting principles
- Company secretarial – filing returns
- Basic coordination of legal work – agreements, contracts etc.
- Knowledge and experience of foreign exchange matters
Source: Company career page
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