Position:
Executive
Lead
Experience Required:
Executive: 2-3 years
Lead: 5+ years
Location:
Bangalore
Shift Timing:
Work Mode:
The Manager, Reconciliation will lead and oversee the Reconciliation Team, ensuring accurate and timely reconciliation of financial transactions, including IFRS17 reconciliation. This role involves driving operational efficiency, implementing technology interventions, and fostering a high-performing team. The Manager will work closely with other Finance and operations departments to ensure seamless financial operations and compliance.
Job Responsibilities
- Reconciliation Strategy & Planning
- Develop and implement a reconciliation strategy aligned with Guardian Lifes financial objectives and regulatory requirements.
- Establish clear reconciliation targets, track progress, and identify areas for improvement.
- Oversee the implementation of technology to enhance the efficiency and accuracy of reconciliations.
- Team Leadership & Development
- Lead, coach, and mentor the Reconciliation Team, fostering a high-performance and collaborative culture.
- Define clear roles, performance standards, and contribute to succession planning for the team.
- Conduct regular performance reviews and provide constructive feedback to team members.
- Operational Oversight & Process Improvement
- Supervise daily reconciliation activities for both bank and non-bank reconciliations, ensuring adherence to established policies and procedures.
- Ensure timely and accurate completion of IFRS17 reconciliations.
- Identify and implement process improvements to streamline reconciliation workflows, reduce discrepancies, and enhance efficiency.
- Identify the root cause and ensure prompt resolution of unreconciled items.
- Ensure effective risk monitoring and control systems are in place and regularly reviewed.
- Maintain the Reconciliation Policy document and ensure all team members are trained on changes.
- Financial Oversight & Reporting
- Collaborate with the Finance department to ensure the integrity of financial data related to reconciliations.
- Provide regular reports on reconciliation status, discrepancies, and resolution progress to senior management.
- Ensure all reconciliation activities comply with internal policies and external regulatory requirements.
- Serve as a key point of contact for external auditors, providing necessary documentation, explanations, and support related to reconciliation processes and balances.
- Cross-Functional Collaboration
- Partner with other relevant departments to facilitate smooth data flow and resolve reconciliation discrepancies promptly.
- Work with IT to support the implementation and optimisation of reconciliation technologies.
Required Qualifications
Education & Professional Certifications
- Degree & Professional Bodies:
- A Bachelors degree (or equivalent) in Accounting, Finance, Business Administration, or a related field; advanced degrees (e.g., MBA) are advantageous.
- Professional accounting designation (e.g., ACCA, CPA, CMA) is highly advantageous.
Experience
- 5-7 years of experience in financial reconciliation, with at least 2-3 years in a supervisory or team lead role.
- Demonstrable experience with IFRS17 reconciliation is highly preferred.
- Experience with implementing or leveraging technology for financial processes is a plus.
- Strong understanding of financial accounting principles and practices.
- Demonstrable experience in managing complex, cross-functional projects, ensuring operational efficiency, risk management, and compliance with financial governance standards.
