Finance Officer - Foreign Reinsurance Branch (GIFT City)

Assurant Warranty Solutions (India) Private Limited; India; Remote; INR 900,000 - 1,500,000; Full time

Job summary

Assurant Warranty Solutions (India) Private Limited in Ahmedabad seeks a Finance Officer for the Foreign Reinsurance Branch (IIO – IFSC/GIFT City, India) to manage accounting, financial reporting, regulatory compliance, treasury, taxation, and financial control.

The role supports IFSCA financial reporting, solvency, governance and statutory requirements, with work hours 9:30 AM–6:30 PM IST, five days in office.

Qualifications

Responsibilities

• Maintain books of accounts and prepare periodic financial statements.
• Coordinate month-end and year-end closing and GL activity.
• Ensure compliance with IFSCA regulations and regulatory submissions.
• Coordinate tax compliance and liaise with tax authorities.
• Support internal controls, governance, and risk management.
• Provide financial analysis to senior management.

Job description

Finance Officer - Foreign Reinsurance Branch (IIO – IFSC/GIFT City, India)

To manage the accounting, financial reporting, regulatory compliance, treasury, taxation, and financial control functions of the Foreign Reinsurance Branch operating as an IFSC Insurance Office (IIO) under the regulatory framework of the International Financial Services Centers Authority (IFSCA). The role will support compliance with IFSCA financial reporting, solvency, governance, and statutory requirements. This position will be based in Ahmedabad, India location.

Work hours – 9:30 AM – 6:30 PM IST (5 days a week in office).

Financial Accounting & Reporting

• Maintain accurate books of accounts in accordance with applicable accounting standards and IFSCA requirements.
• Prepare monthly, quarterly, and annual financial statements.
• Manage general ledger, journal entries, accruals, and reconciliations.
• Coordinate month-end and year-end closing activities.
• Ensure proper accounting of reinsurance premiums, claims, commissions, and reserves.

Regulatory Compliance

• Support compliance with IFSCA regulations applicable to IIOs, including financial statement preparation and regulatory submissions.
• Prepare and submit regulatory returns and management reports.
• Liaise with auditors, regulators, actuaries, and compliance teams.
• Support internal and external audits, coordinate audit reviews, and ensure timely implementation of audit recommendations.
• Maintain documentation and records for regulatory inspections and audits.

Treasury & Cash Management

• Monitor branch bank accounts and cash positions.
• Manage investments, fund transfers, and liquidity requirements.
• Support capital and solvency reporting requirements where applicable.

Taxation

• Coordinate direct and indirect tax compliance.
• Ensure timely filing of tax returns and statutory payments.
• Liaise with tax advisors and authorities on assessments and audits.

Internal Controls & Governance

• Implement and monitor financial controls and approval processes.
• Ensure compliance with group finance policies and local regulations.
• Support risk management, fraud prevention, and operational control activities.

Stakeholder Management

• Coordinate with Head Office finance teams.
• Support external auditors, actuaries, consultants, and service providers.
• Provide financial analysis and management information to senior management.

What’s the culture like at Assurant?

Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 14 countries and awarded the Fortune America’s Most Innovative Companies recognition, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant.

• A passion for service.
• An ability to innovate in practical ways.
• And a willingness to take chances.

We call our culture The Assurant Way.

Company Overview

Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

AI and Biometric Usage

Assurant supports the responsible use of Artificial Intelligence (AI), but we want to know the real you. Visit our AI Usage Guidelines page to understand what we expect from applicants regarding their use of AI during the application process. Since we would like to know the real you, we require that all of our virtual interviews be conducted on video. Employment is contingent upon completion of a required identity verification process, which may include biometric technology, where permitted by applicable law and subject to applicable notice and consent requirements. See our Privacy Notice to learn about Assurant’s privacy practices, including our use of AI-enabled technology, automated decision making, and biometric information.

We work with the world’s top brands to make smart devices simpler. Vehicles last longer. Homes more secure. Problems easier to solve. And we volunteer in communities all over the globe to help the world become a greener, better place.

We come from a variety of countries, cultures, and backgrounds. But we’re united by our enduring values of common sense, common decency, uncommon thinking, and uncommon results.