GURUGRAM · FULLTIME
Assistant Vice President - Financial Reporting
Axis Max Life Insurance
Gurugram · onsite · Posted 2d ago
Sourced from
Undisclosed10–15 yrsfulltimeGurugram
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Section · 01
About this role
Job Description Job Code : Date of Posting : Position AVP No. of Positions 1 Department Financial Reporting Function Finance Reporting to VP Band 3 Location Gurgaon - Home Office DLF Sq Team Size 4 to 6
Financial Reporting Accounting
Regulatory Management Reporting
Team Management
Key Responsibilities/ Key Deliverables:
Financial Reporting Accounting
Lead preparation and review of quarterly and annual financial statements in accordance with I GAAP and applicable regulatory requirements.
Ensure timely completion of monthly, quarterly, and annual financial closing activities.
Monthly financial review with CFO.
Co-ordinate with promoters and provide the requisite details as and when required.
Prepare accounting position papers and technical accounting memos for complex transactions.
Assess the impact of new accounting standards, accounting guidance, and regulatory updates.
Support in implementation of Ind AS 117/ Ind AS reporting.
Regulatory Management Reporting
Prepare and review financial information required for Board, Audit Committee, Senior Management and regulatory submissions.
Coordinate with various stakeholders to ensure completeness and accuracy of financial reporting.
Support implementation and monitoring of Internal Financial Controls (IFC) and governance processes.
Audit Management
Act as the primary finance contact for statutory, internal, and regulatory audits.
Coordinate audit requirements and provide timely resolution of audit queries.
Drive closure of audit observations and implementation of corrective actions.
Process Improvement Automation
Identify opportunities for process improvements and automation in financial reporting.
Participate in finance transformation, system implementation, and reporting enhancement projects.
Work closely with IT, actuarial, investment, and business teams on reporting initiatives.
Team Management
Guide and mentor team members.
Monitor deliverables and ensure adherence to reporting timelines and quality standards.
Foster a culture of accountability, collaboration, and continuous improvement.
Measure of Success:
Timely closure of monthly, quarterly, and annual books as per agreed timelines.
Accurate and timely reporting to Audit Committee/Board.
100% compliance with regulatory and internal reporting requirements.
Ensure no exception in audits.
Effective stakeholder management.
Strong employee engagement and collaboration.
No significant control failures attributable to the reporting function.
Timely implementation of project as per project plan.
Identification of automation process simplification opportunity and implement those opportunities successfully.
Desired qualifications and experience:
Chartered Accountant with atleast 15+ years of relevant experience post qualification
Knowledge and skills required:
Life Insurance experience in Financial Reporting
Good knowledge of I GAAP, IND AS, Accounting practices standards, SEBI and IRDAI regulations
Experience in handling external auditors, consultants, and regulatory authorities.
Project management experience - Successfully implemented various significant projects at organization level
Ability to manage multiple priorities under tight deadlines.
High level of ownership and attention to detail.
Leadership and team management capability.
Disclaimer: This job posting and Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
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Section · 02
Skills
Automationfinancial controlsFinance TransformationActuarialauditsaccountantFinancial ClosingEmployee EngagementFinancial ReportingAudit ManagementChartered AccountantAccountingAccounting Standardscompliancefinance
Section · Company
About Axis Max Life Insurance
Axis Max Life Insurance
Insurance
24.9k+
employees
2000
26 years old
Gurgaon/Gurugram, Haryana
India
About
Axis Max Life Insurance, a leading life insurance company in India, offers a range of life insurance plans and policies to ensure Lifetime Protection.
Industries
Insurance
Employee ratings
7,213 reviews
4.0/ 5
Culture
3.9
Career growth
3.7
Work-life
3.9
Employees rate it well for
Work Culture730Salary399Work Environment380Work Life Balance337Senior Management327
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