Manager - Life Reporting

Ikya Human Capital Solutions Pvt Ltd
  • Bangalore
  • 10-15 lakh
  • 5-10 years
  • Views
  • 07 Mar 2017

  • Finance/ Accounts

  • Insurance
Job Description

The key responsibilities of this role are to:
1. Manage the financial and management reporting processes including Group Monthly Dashboard, Clearance packs, Quarterly Business Review and Regional Finance Dashboard incorporating profit, value, margin analysis and supporting commentaries/footnotes:
Review and understand Group financial reporting instructions
Assist to draft clearly defined, tailored and timely financial reporting instructions / timetables to Local Entities, ensuring they are consistent with Group standards, documented, widely understood and enforced
Review and analyse local results in performance reports and associated commentaries / analysis. Participate in clearance and follow up with Local Entities / Finance Business Partners
Produce Asia performance results across the region incorporating high quality standards of analysis and insightful commentaries that provide a clear and transparent view of performance
Produce the Asia consolidation with good file maintenance of the historical data. Propose ways to develop consistent and effective Key Performance Indicators (KPIs) wherever possible in line with Group and Regional requirements for continuous assessment and comparison across all countries
Leverage the support of Finance Business Partners to conduct critical review of performance reports and associated analysis / commentaries prepared by Local Entities
Report findings and clearance results to the Group and Regional management
Work closely with the Reporting & Governance team to ensure all management and performance results reporting consistent with financial reporting
Provide ad-hoc technical accounting support for transactions across the business
Regularly review financial and management reporting processes to identify opportunities for improvement in terms of effectiveness and efficiency.
Propose/ discuss changes to existing reports/ KPIs to improve the benefits generated from reporting activities
Ensure regional reports whenever possible are centralized and entities have minimal dual reporting to regional/ group
Ensure only useful financial reporting activities are undertaken in a costs effective manner
Prepare for clearance meetings with key stakeholders to understand the business performance and resolve issues with local entities/ finance business partners as needed in an efficient manner
2. Manage the budget revision, forecasting and strategic planning processes:
Prepare the consolidated Asia packs in a timely and clear manner
Ensure consistency, uniformity and quality of forecasting e.g. monthly forecast, pre-close half year, pre-close full-year through clear articulation of Group / Regional requirements to Local Entities and critical review/analysis of results to provide a forward looking view of performance
Leverage the support of Finance Business Partners to conduct critical review of forecast and associated analysis / commentaries prepared by Local Entities
Provide support if required to the strategy team to deliver the process of strategic planning and STI reporting processes
Support the delivery of STI reporting at the Local Entity Level
3. Work with the regional finance transformation team on the Management Information System project:
Assist to select and define KPIs
Understand differences in reporting between numbers from the policy administration system and the ones provided directly from entities, propose resolution and way-forward
Streamline the reporting processes in Local Entities and the Regional Office
4. Prepare and deliver training to enhance Local Entity capabilities around financial, management and performance reporting disciplines, including performance driver concepts, reporting process & technology and key performance indicators used across the Group
5. Project Support
Provide ad hoc accounting and reporting support
Regional CEO / CFO / EXCOM
Local Entity CFOs
Local Financial Controllers
Reporting and Governance
Value Reporting, Treasury and Capital Management
Finance Business Partners
Regional Risks Management
Regional Actuarial teams
Product Marketing
Regional Investments
Regional Office Finance / Tax

Experience/Qualification
Degree in Accounting, Finance or Business discipline. Actuarial knowledge is an advantage
CA, CPA or qualified Actuary
Minimum of 5 years insurance industry experience

Knowledge

Good understanding of management accounting and reporting regimes and concepts
Knowledge of IFRS


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