Assistant Vice President Finance

Kotak Life; Mumbai; On-site; INR 2,000,000 - 4,200,000; Full time

Job summary

Kotak Life is seeking a senior finance professional with CA or MBA and a minimum of 7 years of experience in insurance finance. The role demands strong accounting acumen, regulatory compliance, and ability to drive financial reporting across multiple MIS platforms in Mumbai.

You will lead budgeting, variance analysis, audits, and cross-functional projects to automate reporting and improve accuracy, working closely with regulators and internal stakeholders.

Qualifications

• CA or MBA with 7+ years of experience in insurance finance.
• Strong knowledge of financial statements and regulatory reporting.
• Proven management, stakeholder engagement, and communication skills.

Responsibilities

• Financials and MIS: manage notes, accounting policy adherence, variances, and board reporting.
• Regulatory returns & reporting: prepare submissions for F&A BAP, MSME forms, and other regulators with timeliness.
• Projects and automation: lead cross‑functional initiatives to automate financial reporting and improve accuracy.
• Audit & compliance support: assist with data preparation, schedules and documentation for audits.

Skills

Financial reporting

Stakeholder management

Communication skills

Project management

Managerial skills

Audit coordination

Education

CA / MBA

Tools

MS Excel

Budgeting tools

Automation tools

Job description

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 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

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.
• 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