Assistant General Manager Finance

About Patra:

Patra Corporation is the worldwide leader in insurance back-office and account management business process outsourcing. Patra offers a wide range of services designed to lower costs, reduce risk and improve employee productivity through the transfer of account management and business support functions, such as policy checking, certificate issuance, eligibility processing, quality control and account audits, to operation centers in the US, India, and the Philippines.

Role & responsibilities

Role Overview

Responsible for overseeing all financial activities and reporting for Patra India, ensuring accurate financial reporting, compliance, and strategic financial planning. This role acts as a financial leader, partnering with business unit management to drive performance, manage risk, and support decision-making.

Key Responsibilities

• Responsible for timely, accurate, and routine delivery of the India financial statements, including local India books 
• Manage and oversee all financial operations for the business unit, including accounting, budgeting, forecasting, and reporting.
• Prepare, analyze, and present financial statements and reports to senior management.
• Develop and implement financial strategies aligned with business objectives.
• Ensure compliance with internal controls, company policies, and regulatory requirements (USGAAP, IGAAP, India Companies Act, etc.).
• Lead monthly, quarterly, and year-end close processes.
• Identify and implement cost-saving measures and process improvements.
• Conduct financial risk assessments and develop mitigation strategies.
• Liaise with Internal Audit as well as statutory auditors and manage internal/external audit processes.
• Collaborate with cross-functional teams to provide financial insight and support business initiatives.
• Mentor and develop accounting staff within the business unit.
• Coordinate with Shared Service Centers (SSC) and other business units to ensure alignment with global accounting objectives.
• Develop and monitor KPIs relevant to the business unit and finance operations.
• Take ownership of and ensure compliance with local statutory requirements, including coordination of audit, tax filings, etc.
• Supervise successful completion of projects such as system implementations, global audits, and ad hoc initiatives.

Core Competencies

Technical & Analytical

• Financial Analysis & Reporting:

  Provide functional support to the Controller by offering financial analysis, budgeting assistance, planning, and forecasting services, enabling informed decision-making and the development of future business strategies.

• Accounting Expertise:

  Deep understanding of accounting principles, regulatory standards, and financial systems (SAP, Oracle, ERP).

• Risk Management:

  Identify, assess, and mitigate financial risks.

• Attention to Detail:

  Demonstrate meticulous attention to detail and provide valuable recommendations to the leadership team.

Business Acumen

• Strategic Planning:

  Align financial strategies with business goals; support long-term growth and profitability.

• Commercial Insight:

  Understand business drivers and market trends; provide actionable recommendations.

Leadership & Collaboration

• Team Guidance:

  Provide guidance and a road map for the Finance Team to perform their duties effectively and efficiently.

• Stakeholder Management:

  Collaborate with other department team members and HODs to connect if any disconnects arise and provide mitigation plans/solutions.

• Decision Quality:

  Make timely, well-informed decisions using relevant data.

Operational Excellence

• Process Improvement:

  Identify gaps/leakages in the system and fix them wherever necessary in coordination with the Controller.

• MIS & Reporting:

  Assist the reporting Manager in preparation of MIS reports for top Management on financial performance and books closure process.

• Management Reporting:

  Deliver focused, innovative, and balanced reporting that stimulates management action; reporting should be thought-provoking and action-oriented.

• Internal Controls:

  Maintain a system of internal control to reduce risk and enable continuous operational excellence.

• KPI Implementation:

  Implement and control KPIs for Finance Operations and for the Team.

Digital & Technology

• Digital Competency:

  Familiarity with digital tools, automation, and AI in finance; adapts to evolving technology.

Personal Effectiveness

• Accountability:

  Take ownership of outcomes; drive results and meet deadlines.

• Adaptability:

  Respond effectively to change and ambiguity.

• Integrity:

  Maintain high ethical standards and confidentiality.

Finance-Specific Competencies

• Cash Management:

  Aid in the structure of cash management processes that set an adequate liquidity buffer.

• Regulatory Compliance:

  Ensure all regulatory compliances applicable to Finance are followed and alert Controller/Management if any gaps are identified.

• Issue Resolution:

  Knowledge of handling issues/concerns arising out of regular accounting functions.

Preferred candidate profile

• Bachelors or Masters degree in Accounting, Finance, or related field.
• CPA, CMA, or equivalent certification preferred.
• 5+ years of progressive experience in accounting/finance, with at least 2 years in a supervisory or controller role.
• Experience with ERP systems (SAP, Oracle, etc.) and advanced Excel skills.
• Strong communication, organizational, and problem-solving skills.

Equal Employment Opportunity:

Patra Corporation is an equal opportunity employer committed to celebrating diversity and creating a safe and inclusive environment for all employees.