Role: Assistant Vice President - Finance

Education: CA / MBA

Experience: 7 years +

Desired profile

Valuable 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

📌 Assistant Vice President Finance (Mumbai)
🏢 Kotak Life
📍 Mumbai