PHI - Lead- Accounting

prudential; Mumbai; On-site; INR 4,000,000 - 6,000,000; Full time

Benefits offered by this job

Competitive salary

Career development opportunities

Leadership recognition

Impactful startup role

Job summary

Prudential Health India seeks a dynamic Lead - Accounting and Financial Control to oversee day-to-day accounting, ensure regulatory compliance, and support strategic financial initiatives. The role reports to the CFO in Mumbai and requires hands-on leadership of core accounting functions within a greenfield health insurance venture.

Ideal candidates have 10–15 years of experience in financial reporting, strong knowledge of Indian GAAP and IRDAI norms, and proven capability to drive process

Qualifications

• CA / MBA (Finance) or equivalent qualification.
• 10-15 years of experience in financial reporting & accounting.
• Strong understanding of Indian GAAP, IRDAI regulations, and expense accounting.
• Excellent organizational and leadership skills.
• Experience in insurance / Fintech or healthcare sectors.
• Strong communication and stakeholder management abilities.

Responsibilities

• Manage general ledger, accounts payable/receivable, payroll, and fixed assets.
• Ensure timely and accurate month-end and year-end closing processes.
• Maintain chart of accounts and accounting policies in line with Indian GAAP and IRDAI norms.
• Review financial statements and reports for internal and external stakeholders.
• Ensure compliance with statutory requirements including IRDAI, GST, TDS, and income tax.
• Coordinate with auditors for statutory, internal, and tax audits.
• Implement and optimize accounting systems and ERP tools.
• Drive automation and process improvements to enhance efficiency and accuracy.
• Establish internal controls and risk mitigation practices.
• Liaise with external consultants, banks, and regulatory bodies.

Skills

Attention to detail

Analytical skills

Communication skills

Leadership abilities

IRDAI reporting knowledge

Education

CA / MBA (Finance) or equivalent

Job description

Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

PHI - Lead - Accounting and Financial Control

Prudential (UK) in partnership with the HCL group plans to set-up a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer. This joint venture will combine Prudential's global expertise in insurance and financial services with HCL Group's experience in technology and healthcare solutions. Prudential, with its longstanding presence in India, already operates two leading businesses in life insurance and asset management with the ICICI Group. Prudential was also the proud sponsor of the 1983 Cricket World Cup, India's first World Cup Victory! Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience. To partner with us in this mission, we are looking for a dynamic and Risk Manager to ensure the efficient and seamless operation of the Risk Department and plays a crucial role in identifying, assessing and mitigating risks in the organization.

Reporting To: CFO

Location: Mumbai

The Lead - Accounting and Financial Control role in a start-up health insurance company requires a strategic finance professional who will be responsible for overseeing the company's day-to-day accounting functions, ensuring accurate financial reporting, compliance with regulatory standards, and supporting strategic financial initiatives. This role requires a hands-on leader with deep expertise in accounting standards, insurance sector regulations, and financial systems.

Key Responsibilities

• Manage general ledger, accounts payable/receivable, payroll, and fixed assets.
• Ensure timely and accurate month-end and year-end closing processes.
• Maintain chart of accounts and accounting policies in line with Indian GAAP and IRDAI norms.
• Review financial statements and reports for internal and external stakeholders.
• Ensure compliance with statutory requirements including IRDAI, GST, TDS, and income tax.
• Coordinate with auditors for statutory, internal, and tax audits.
• Implement and optimize accounting systems and ERP tools.
• Drive automation and process improvements to enhance efficiency and accuracy.
• Establish internal controls and risk mitigation practices.
• Liaise with external consultants, banks, and regulatory bodies.

Qualification & Experience

• CA / MBA (Finance) or equivalent qualification.
• 10-15 years of experience in financial reporting & accounting.
• Strong understanding of Indian GAAP, IRDAI regulations, and expense accounting.
• Excellent organizational and leadership skills.
• Experience in insurance / Fintech or healthcare sectors.
• Strong communication and stakeholder management abilities.

Skills

• High attention to detail and accuracy.
• Strong analytical and problem-solving skills.
• Excellent communication and leadership abilities
• IRDAI reporting requirement Knowledge

What we offer

• Competitive salary
• Career development opportunities for professional growth and development including training and mentorship programs
• Recognition as a key member of our leadership team
• Opportunity to shape the accounting function of a high-growth startup

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.