AddressStatutory Reporting Manager
Key Responsibility Areas including preferred Skills and Experience:
- The processes involve accounting & reporting work for Insurance Domain, preferably requiring the sound understanding of US GAAP/STAT Reporting. The role also envisages review, preparation, and consolidation of financial reporting. Professionals would be an individual working on high-end systems and various reporting software applications like Workiva, Eagle Wings and Oracle, for meeting their monthly, quarterly, and annual deliverables.
- This position is responsible for providing subject matter expertise/ performing end-to-end review of the work performed/ establishing controls/ streamlining the process and developing domain knowledge of the offshore staff.
- Ensure end-to-end operations management for Statutory Financial reporting, disclosures, Surveys, State filings etc.
- Partnering in setting the team's strategic direction and assisting in the overall running of the team's operations
- Ownership of processes, reports, procedures or products. Subject Matter Expert with knowledge of cross-function processes
- Insurance accounting regulatory reporting experience (SSAP knowledge) preferred
- Review of critical journal entries, GAAP/STAT supplements, and Notes to accounts before submission to onshore team
- Leadership and development of staff
- Liaison with multiple departments (Input providers) during the close to ensure timely completion of deliverables/Collaborate for special projects
- Support quarterly/annual audits by internal auditors, as-well-as, independent external auditors
- Participate or lead special projects, initiatives, ad-hoc reporting, and analysis requests
- Understand & anticipate clients' business needs/concerns, etc. & proactively resolve the same
- Identify process improvement opportunities to drive efficiencies and enhanced controls
- Act as a point of escalation for any operational issues
Competencies:
- Knowledge of Regulatory reporting concepts including accounting standards
- Understanding of Insurance US GAAP & STAT Principals
- Knowledge of MS Office (Excel, Word, Power BI etc.)
- ERP's such as Oracle, Wdesk, Wings etc.
- Proficiency in English
- Excellent Communication / interpersonal skills
- Data gathering ability/ Eye for detail
- Strong people management and leadership skills.
- Capability to conduct an appraisal discussion and assess different levels of performance and potential.
- Capability to communicate with large teams.
- Process Excellence Methodology.
- Appreciation of the domain needs of the process and its key drivers.
- Reasonable level of business perspective regarding the internal functioning of BPO/EXL.
- Good networking capability and Client facing skills. Goal oriented
Eligibility Criteria:
- CA/CPA/MBA/Post-Graduate in Finance with 8+ years of experience in Financial Accounting & Reporting (GAAP & STAT Reporting)
- Must have an experience of handling team size of approximately 8-10 people
- Knowledge of Regulatory reporting, technical accounting principles and STAT reporting requirements
- Capable of working with tight deadlines and lead closure of reporting timelines
- Effectively balance quality, timeliness and accuracy standards
- Identify and implement enhancements and efficiencies
- Experience with financial reporting applications (Oracle BI, Essbase, Workiva, EagleWings)
- Proficiency in MS-excel & MS PowerPoint
- Excellent quantitative and analytical skills with strong time management, organizational and problem-solving skills and the ability to multi-task and work in a deadline-driven environment
- Excellent verbal, written and interpersonal communication skills with the ability to interact effectively at all levels across the organization
Shifts : US
Work Location : Noida
Band - C1 - Manager
- 8 years plus experience (Minimum 5 years in STAT reporting)
- Keywords -prepared the financials basis NAIC / Green Book / Yellow Book / Blue Books
- IC role
- 4-5 years of experience in Insurance industry is a mandate.
