Manager – Financial Reporting – CA Talent Leads HR Solutions

The Corporate Institute; Mumbai; On-site; INR 2,500,000 - 4,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a Chartered Accountant with 5+ years in the insurance sector to lead regulatory reporting and financial disclosures. You will oversee Ind AS, IFRS, and IRDAI compliance, coordinate audits, and partner with multiple teams to ensure accurate financial statements and timely regulatory submissions.

You will drive ERP-related finance transformations and contribute to IFRS/GAAP reporting enhancements across the group, ensuring robust controls and expert liaison

Qualifications

• CA qualification is mandatory.
• Minimum 5 years of relevant experience in the insurance industry.
• Strong hands-on experience in financial reporting and accounting.
• Experience with Ind AS, IFRS, and Indian GAAP.
• Prior experience in regulatory reporting and IRDAI requirements preferred.
• Experience in managing statutory and other audits within an insurance organization.

Responsibilities

• Prepare and review financial statements and reports under IRDAI regulations and Ind AS/Indian GAAP.
• Manage Group financial reporting under IFRS with adherence to group policies.
• Prepare pro forma Ind AS financials for IRDAI reporting and regulatory needs.
• Conduct regulatory reporting to IRDAI including BAP reporting and public disclosures.
• Ensure timely, accurate statutory and regulatory financial reporting.
• Coordinate with statutory and internal auditors for audits and closure of observations.
• Collaborate with Finance, Accounting, Business, Actuarial, Tax, and other functions for reporting accuracy.

Skills

Regulatory reporting

IFRS

Ind AS

IRDAI requirements

Audit coordination

Education

Chartered Accountant (CA)

Tools

ERP systems

Job description

Roles & Responsibilities:

• Prepare and review financial statements and financial reports in accordance with IRDAI regulations and Indian Accounting Standards (Ind AS / Indian GAAP).
• Manage Group financial reporting under IFRS, ensuring compliance with applicable Group accounting policies and reporting requirements.
• Prepare pro forma Ind AS financials for IRDAI reporting and regulatory requirements.
• Manage regulatory reporting to IRDAI, including BAP reporting, public disclosures, and other applicable regulatory submissions.
• Ensure timely, accurate, and compliant preparation of statutory and regulatory financial reports.
• Liaise with statutory auditors, internal auditors, and other auditors for audit planning, queries, financial reviews, and timely closure of audit observations.
• Coordinate with internal stakeholders to resolve audit queries and ensure timely completion of statutory and other audits.
• Review financial statements, schedules, and supporting documentation for accuracy and completeness.
• Conduct general ledger scrutiny and review accounting entries, reconciliations, provisions, and other financial transactions.
• Identify accounting and reporting issues and recommend appropriate corrective actions.
• Ensure appropriate application and interpretation of Ind AS, IFRS, Indian GAAP, and applicable insurance accounting and regulatory requirements.
• Support preparation of Group MIS and other management reporting requirements.
• Perform financial analysis and provide meaningful insights to support management decision-making.
• Work closely with Finance, Accounting, Business, Actuarial, Tax, and other relevant functions to ensure completeness and accuracy of financial reporting.
• Support ERP implementation, enhancement, and finance process transformation initiatives.
• Contribute to process improvements, automation, and strengthening of financial reporting and accounting controls.
• Keep abreast of changes in accounting standards, IRDAI regulations, reporting requirements, and industry practices and assess their impact on financial reporting.

Qualifications & Experience:

• Chartered Accountant (CA) qualification is mandatory.
• Minimum 5 years of relevant experience in the insurance industry.
• Strong hands-on experience in financial reporting and accounting.
• Experience with Ind AS, IFRS, and Indian GAAP.
• Prior experience in regulatory reporting and IRDAI requirements will be highly preferred.
• Experience in managing statutory and other audits within an insurance organization.
• Exposure to ERP implementation or finance transformation projects will be an advantage.