AVP Financial Reporting

Axis Max Life Insurance Limited; Gurugram District; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Axis Max Life Insurance Limited in Gurgaon seeks a Chartered Accountant with 15+ years of post-qualification experience to lead financial reporting under I GAAP and IND AS, and ensure regulatory submissions.

You will manage monthly, quarterly, and annual closes, coordinate audits, drive process improvements, and mentor the team while partnering with stakeholders across finance, IT, and actuarial to deliver accurate and timely reporting.

Qualifications

• Chartered Accountant with 15+ years post-qualification experience.
• Deep knowledge of I GAAP, IND AS, SEBI and IRDAI regulations.
• Experience handling external auditors, consultants, and regulatory authorities.
• Proven project management and leadership capabilities.

Responsibilities

• Lead preparation and review of quarterly and annual financial statements.
• Ensure timely completion of monthly, quarterly, and annual close processes.
• Coordinate with promoters and provide requisite details to leadership and regulators.
• Prepare accounting position papers and memos for complex transactions.
• Assess impact of new accounting standards and regulatory updates.
• Support implementation of Ind AS/IFRS reporting and IFC controls.
• Lead team development and ensure adherence to reporting timelines.

Skills

Life Insurance reporting

I GAAP and IND AS

Audits & regulators

Project management

Leadership & team mgmt

Attention to detail

Ownership

Education

Chartered Accountant

Job description

• Lead preparation and review of quarterly and annual financial statements in accordance with I GAAP and applicable regulatory requirements.
• Ensure timely completion of monthly, quarterly, and annual financial closing activities.
• Monthly financial review with CFO.
• Co-ordinate with promoters and provide the requisite details as and when required.
• Prepare accounting position papers and technical accounting memos for complex transactions.
• Assess the impact of new accounting standards, accounting guidance, and regulatory updates.
• Support in implementation of Ind AS 117/ Ind AS reporting.

Regulatory & Management Reporting

• Prepare and review financial information required for Board, Audit Committee, Senior Management and regulatory submissions.
• Coordinate with various stakeholders to ensure completeness and accuracy of financial reporting.
• Support implementation and monitoring of Internal Financial Controls (IFC) and governance processes.

Audit Management

• Act as the primary finance contact for statutory, internal, and regulatory audits.
• Coordinate audit requirements and provide timely resolution of audit queries.
• Drive closure of audit observations and implementation of corrective actions.

Process Improvement & Automation

• Identify opportunities for process improvements and automation in financial reporting.
• Participate in finance transformation, system implementation, and reporting enhancement projects.
• Work closely with IT, actuarial, investment, and business teams on reporting initiatives.

Team Management

• Guide and mentor team members.
• Monitor deliverables and ensure adherence to reporting timelines and quality standards.
• Foster a culture of accountability, collaboration, and continuous improvement.

Measure of Success:

• Timely closure of monthly, quarterly, and annual books as per agreed timelines.
• Accurate and timely reporting to Audit Committee/Board.
• 100% compliance with regulatory and internal reporting requirements.
• Ensure no exception in audits.
• Strong employee engagement and collaboration.
• No significant control failures attributable to the reporting function.
• Timely implementation of project as per project plan.
• Identification of automation & process simplification opportunity and implement those opportunities successfully.

Desired qualifications and experience:

• Chartered Accountant with 15+ years of relevant experience post qualification

Knowledge and skills required:

• Life Insurance experience in Financial Reporting
• Good knowledge of I GAAP, IND AS, Accounting practices & standards, SEBI and IRDAI regulations
• Experience in handling external auditors, consultants, and regulatory authorities.
• Project management experience - Successfully implemented various significant projects at organization level
• Ability to manage multiple priorities under tight deadlines.
• High level of ownership and attention to detail.
• Leadership and team management capability.