Senior Manager

Job Description

Basic Function – Process entails review of local GAAP adjustment journals for APAC, EMEA and LATHAM countries for an insurance client. Manage the period – end close cycle – Month-end/Quarter-end/Annual for local books of various countriesExpert knowledge on GAAP consolidation cycle and ability to review consolidation financials and provide commentary for Group consolidationReconcile the general ledger accounts, calculating appropriate adjustments and provisions and booking them to the ledger upon approval, performing intercompany netting, and preparing relevant financial reports (income statement, balance sheet, cash flow) for CFO review. Sound understanding of Insurance operation and accounting of Premium and Losses, Topside Premium, and losses Adj etc. Essential Functions Require expert knowledge and ability to manage month close accounting journals, review reconciliations and financial statements and related reports, investigate problems and organize projectsInsurance accounting experience and US GAAP or IFRS knowledge mandatory.Ability to deliver value working on various activities in statutory/Gaap accounting close cycle and deliver results accordingly. Primary Internal Interactions Manager/ Assistant Manager for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and supportManager for the purpose of settling issues left unresolved by the Assistant Manager and monthly evaluation of performancePeers (team members) for the purpose of seeking co-operation & clarification on process-related matters & providing assistance and support when required Primary External Interactions Onshore Team Manager and SMEs for daily planning of work and execution of deliverablesMust demonstrate effective and diplomatic oral and written communication skills Strong time management and organization skills Organizational Relationships Reports To : Senior Manager / AVP Supervises : 6 – 10 members Skills Technical Skills Chartered Accountant, CPA, CFA or equivalent with 6 - 9 years’ experience in US GAAP / IFRS accounting experienceB.Com with strong practical experience in Accounting and reporting for more than 10-12 years Process Specific Skills Should have expert level understanding of GAAP accounting principles and procedures. Requires the knowledge and ability to review Journals, reconciliations provide solutions to technical accounting issues and organize projectsInsurance accounting regulatory reporting experience or US GAAP/IFRS knowledge mandatory.Strong knowledge of Group Consolidation accounting and financialsAbility to understand the significance of various activities in a statutory/GAAP accounting close cycle and deliver results accordingly. Soft Skills (Desired) Must demonstrate effective and diplomatic oral and written communication skills Strong time management and organization skillsEffective people management skills Soft Skills (Minimum) Self-disciplined and result orientedAbility to multi taskAbility to work effectively as part of a teamCommitment and drive for resultsStrong analytical skills Ability to understand and question established process guidelines in order to bring about possible process improvementsAbility to pay great attention to detail – especially during processing of transactions Education Requirements Chartered Accountant, CPA, CFA or equivalent with 6 - 9 years’ experience.B.Com with strong practical experience in reporting for more than 10 - 12 years Work Experience Requirements 6 - 9 years of experience in technical accounting or reporting area preferably with an insurance company. 3+ years of supervisory experience in the field of Insurance/Reinsurance accounting for SM2+ years of supervisory experience in the field of Insurance/Reinsurance accounting for ManagerShould have good understanding of GAAP accounting principles and procedures.