Manager , Financial Accounting, Insurance

HSBC Holdings plc; Gurugram District; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

HSBC Holdings plc in India seeks a Manager, Financial Accounting, Insurance to lead month-end close, post journal entries and IFRS 17-compliant reporting for insurance entities. You will review financial statements, perform variance analysis, manage large data in Excel/Access, and ensure ledger integrity while aligning with Risk & Control standards.

Applicants should have B.Com/M.Com/MBA/CA (Inter)/ICWA(Inter) and 3–5 years in insurance accounting; strong MS Office skills; ability to work under

Qualifications

• Candidates should have a strong grasp of accounting principles and be able to apply them to insurance accounting.
• Experience with month-end close and financial statement preparation is essential.
• Knowledge of IFRS 17 and statutory requirements is required or highly preferred.

Responsibilities

• Prepare and post monthly journal entries and reclassifications with IFRS 17 awareness.
• Ensure timely close procedures for insurance business and present financial statements.
• Perform variance analysis and reporting for management and group stakeholders.

Skills

Advanced Excel

Financial Analysis

IFRS Knowledge

US GAAP Knowledge

Education

B.Com/M.Com/MBA/CA (Inter)/ICWA(Inter)

Tools

MS Access

MS Excel

PowerPoint

Job description

Job Title: Manager, Financial Accounting, Insurance

Global Finance Center (GFC) provides a variety of financial support services to business partners over the HSBC Group. As part of the financial control team, we are primarily responsible for all the month close activities that lead up to the preparation of the financial statements.

In this role, you will:

• Prepare and post monthly Journal / Month end reclassification entries, along with IFRS 17 knowledge
• Should be well versed with Financial statement closure procedures of Insurance business
• Prepare and present Financial statements including related variance analysis
• Need to handle big volume data / database : Should be good in Excel / MS Access
• Checking and monitoring the integrity of the ledger by clearing suspense and control accounts on a timely basis
• Account owner or reconciler for finance owned accounts / including substantiation
• Review Subsystems for accuracy and ensure reconciling items are researched in a timely manner.
• Requires strong excel and analytical skills
• Should be well versed with the key requirement of Risk & Control
• Responsible for reviewing the Inter and Intra company variances
• Assist the Manager in completing various period end close responsibilities
• Process work as requested by customer / line management.
• Maintain up to date documentation for all Journal processed and supporting activities.
• Prepare reports for the Customer/ Management / Group in accordance with set standards
• Acquire and update knowledge on IFRS / US GAAP
• Has strong technical understanding of accounting principles and demonstrated competence in their application;
• Ensure compliance with HSBC standards and Statutory requirements;
• Identify opportunities for process re-engineering / improvement and drive changes independently;
• Issues/Problems are investigated and resolved or escalated appropriately
• Achieve established Performance Level Agreements (PLA’s)

To be successful you will:

• B.Com /M.Com/ MBA/CA (Inter)/ICWA(Inter):3-5yrs,ICWA:2-5yrs,CA:-1-2yrs
• Prior experience of Insurance accounting and reporting is preferred
• Independent, able to work under pressure and handle multiple tasks with excellent communication and interpersonal skills
• Level of analytical skills and ability to grasp complicated functions in short period of time and transfer knowledge appropriately
• Ability to manage customer relationship with multiple business partners
• High proficiency in MS Office (Excel, Word, Access, PowerPoint, etc.)
• Self-motivated and good team player
• Should display attributes of being a Mentor
• Should be flexible to stretch and work across shifts
• Experience of working in Corporate Industry profile would be an added advantage

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You’ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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