- Professional
- Ufficio in Mumbai
You desire impactful work.
You’re RGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 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.
General Summary
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
Responsibility
Finance Reporting and Audit
To ensure accurate accounting related to Accounts Payable, Fixed Assets and Tax
Ensuring 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 and
Ensure that there is proper control over fixed asset procurement and timely physical verification is done
Timely sharing of information and facilitate timely closure of Statutory Audit of both the Entities in relation to AP, 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
Analysis of Balance Sheet Codes and ensuring balances are accurate and current
Reconciling 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 stake holder 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 and if any, then same is taken care of.
Ensure working closely with regional team responsible for handling inter unit charges, so as to determine tax implications and balances are settled without delay.
Education and Experience
Preferably a qualified Chartered Accountant with 4-5 years of work experience
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
Good command over written and spoken English
Proficiency in Microsoft Excel will be added advantage and capability to work on standard reporting tools will be an added advantage like Power BI
3-5 years of middle management work experience in an insurance accounting and tax
Skills and Abilities
Accounting knowledge, i.e. India GAAP, Ind AS and US GAAP
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 / experience of foreign exchange matters
What you can expect from RGA:
Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
Join the bright and creative minds of RGA, and experience vast, endless career potential.
