This role holder has responsibility for review of financial statements on monthly, quarterly, and annual basis in compliance with IRDAI Regulations. The incumbent will also be responsible for implementation of accounting standards, and timely responses to internal and external information requests, contributing to the financial integrity and reputation of the company.
KEY RESPONSIBILITIES
Managerial Responsibility
· Recruitment of staff in Finance team as per the business requirement
· Managing performance of team members; counselling & coaching team members from time to time to improve their performance
· Team engagement & retention of talent
Functional Responsibility
ü Financial Accounting & Reporting
ü Identify and rectify inaccurate accounting practices that may impact profits.
ü Ensure adherence to accounting standards and compliance with IRDAI regulations and other applicable statute
ü Review financial statements on a monthly, quarterly, and annual basis
ü Review quarterly financial results and participate in the preparation of performance reviews and press releases for submission to Stock Exchanges
ü Review of Expenses of Management on quarterly and annual basis to ensure compliance with IRDAI Regulations
ü Oversee implementation of Indian Accounting Standards project
ü Process Improvement and Initiatives
ü Collaborate with other departments to improve cost-effectiveness and optimize financial resources
ü Implement automation tools and technologies for financial reporting processes to reduce manual efforts and enhance accuracy