Senior Manager Insurance Accounting

Advenxa Recruitment; Ernakulam; On-site; INR 1,980,000 - 2,420,000; Full time

Job summary

Advenxa Recruitment in Kochi seeks a Senior Manager to lead the Record-to-Report (R2R) function for the Life & Annuity insurance business. The role focuses on accurate financial reporting, timely closing, regulatory compliance, and ongoing process improvement.

The candidate will oversee a team, coordinate with actuarial, underwriting, and claims departments, and ensure adherence to IFRS 17 and local GAAP while driving efficiency and control.

Qualifications

• 10+ years experience in Insurance F&A essential.
• Experience in R2R, month-end closing, and journal entries.
• Knowledge of IFRS 17, local GAAP and regulatory compliance.
• Experience in Life & Annuity insurance accounting preferred.

Responsibilities

• Lead the Record-to-Report (R2R) function for the Life & Annuity insurance business.
• Ensure accurate financial reporting and timely month-end closing.
• Coordinate with actuarial, underwriting, and claims teams.
• Lead the team and report performance to senior management.

Skills

Team leadership

Stakeholder management

Analytical skills

Education

Bachelor’s degree in Finance, Accounting, Commerce

CA/CPA preferred

Tools

SAP

Oracle

MS Excel (Advanced)

Job description

Job Description:

Senior Manager - Insurance Accounting

Location: Infopark, Kochi.

Domain: Insurance Finance & Accounting (F&A)

Vertical: Life & Annuity (L&A)

Experience: 10+ years experience in GL within Insurance Finance & Accounting (Mandatory)

Minimum 4+ years of experience in a Senior Manager or Manager-level role is mandatory.

Salary Package: Up to ₹22 LPA

Reporting To: Assistant Vice President / Senior Vice President.

Job Overview

We are looking for an experienced Senior Manager to lead the Record-to-Report (R2R) function for the Life & Annuity (L&A) insurance business, ensuring accurate financial reporting, timely closing, regulatory compliance, and continuous process improvement.

Responsibilities

• Ensure compliance with accounting standards and internal policies.
• Coordinate with actuarial, underwriting, and claims teams.
• Lead the team and report performance to senior management.
• Lead end-to-end R2R operations for the insurance business.

Requirements

• Bachelor’s degree in Finance, Accounting, Commerce, or a related field; CA/CPA preferred.
• 10+ years of experience in Insurance Finance & Accounting is mandatory.
• Strong knowledge of R2R, month-end closing and journal entries.
• Experience in Life & Annuity (L&A) insurance accounting is preferred.
• Knowledge of IFRS 17, local GAAP, and regulatory compliance.
• Proficiency in SAP/Oracle and advanced MS Excel.
• Strong team leadership, analytical, and stakeholder management skills.
• Ability to meet deadlines and ensure accurate financial reporting.

Important Requirement

This is a specialized Insurance F&A - GL leadership position, not a general GL accounting role. Candidates must have relevant L&A insurance accounting exposure in addition to GL/RTR expertise.