Full-Time
Assistant Manager
Finance
RGA Reinsurance Company
Life and health reinsurance solutions
No salary listed
Mumbai, Maharashtra, India
In Person
Bachelor's
Category
 Accounting (2) |
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Required Skills
Power BI
Excel/Numbers/Sheets
Requirements
- A bachelor's degree is required.
- Three to five years of middle-management experience in insurance accounting and tax is required.
- Strong written and spoken English is required.
- Knowledge of India generally accepted accounting principles, Ind AS, and United States generally accepted accounting principles is required.
- Experience in financial reporting, insurance accounting, and system reconciliations is required.
- Experience managing and leading statutory audit processes is required.
- Knowledge of insurance and reinsurance business is required.
- Stakeholder management skills are required.
- The ability to adhere strictly to timelines and project management skills are required.
- The ability to resolve complex issues independently using industry knowledge and accounting principles is required.
- Knowledge of company secretarial work, including filing returns, is required.
- Basic coordination of legal work involving agreements and contracts is required.
- Knowledge and experience of foreign exchange matters is required.
Responsibilities
- Ensure accurate and complete financial reporting in a timely manner.
- Ensure accurate accounting for revenue, accounts payable, fixed assets, and tax.
- Lead and coordinate with statutory and internal auditors.
- Process vendor invoices promptly and according to agreed service-level agreements.
- Prepare plan-versus-actual comparisons and variance analyses for management, including explanations for variances.
- Define and maintain proper internal controls across finance processes.
- Control fixed-asset procurement and ensure timely physical verification.
- Share information promptly and facilitate timely closure of statutory audits for both entities concerning accounts payable, fixed assets, and tax.
- Close the internal audit process on time and improve ageing visibility and closure of long-aged items.
- Ensure all expenses are approved according to delegation-of-authority and approval guidelines.
- Ensure there are no overdue related-party balances in the financial statements.
- Manage the month-, quarter-, and year-end close process.
- Analyze balance-sheet codes and ensure balances are accurate and current.
- Reconcile balances with the source system and ensure tax compliance for tax deducted at source rates, goods and services tax rates on invoices, and inter-unit charge expenses.
- Assist with reviewing policy-account balances, including premiums receivable, and address premium-receivable collection issues.
- Manage cash effectively by monitoring future cash requirements and maintaining efficient funding levels.
- Complete periodic returns to the appropriate authorities.
- Complete regulatory returns, tax filings, and annual financial statements.
- Review existing processes formally and drive improvements in expense processing and financial reporting.
- Participate in budgeting for non-insurance-related expenses in consultation with the reporting manager.
- Drive expense analysis and expense control.
- Close assignments on time as agreed with stakeholders and the reporting manager.
- Ensure accounting processes align with Sarbanes-Oxley narratives.
- Ensure there are no unreconciled items in bank reconciliations.
- Implement new processes and controls to eliminate audit concerns related to non-insurance activities.
- Work closely with the regional team handling inter-unit charges to determine tax implications and settle balances without delay.
Desired Qualifications
- Four to five years of work experience as a semi-qualified chartered accountant is preferred.
- Experience with Big Four firms and/or insurance companies is desirable for a bachelor's degree holder.
- Exposure to Indian private limited company financial reporting is an added advantage.
- Proficiency in Microsoft Excel is an added advantage.
- Capability to work with standard reporting tools such as Power BI is an added advantage.
RGA Reinsurance Company helps insurers manage mortality, morbidity, longevity and financial risk. It provides life and health reinsurance, product development, underwriting, data, capital solutions and related expertise to insurance partners around the world. Teams analyze risk and structure agreements that support protection products without selling most policies directly to individual consumers. RGA operates as a specialist business-to-business reinsurer, working behind primary insurers to expand capacity, manage volatility and develop financially sustainable coverage.
Company Size
N/A
Company Stage
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Total Funding
N/A
Headquarters
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Founded
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