Kotak Life Insurance—Assistant Vice President - Finance - Mumbai (Goregaon East)

Job description

Description: Role: Assistant Vice President - Finance Education: CA / MBA Experience: 7 years + Desired profile Good 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