EY Senior-Regulatory Reporting - Finance FS 

India, Karnataka, Bengaluru 

530955908

Job summary:

Key areas within the Insurance department will also be managed by the Controller, including policy and procedure compliance, this role will require to work closely with controllership teams.
This role will also involve working with auditors, both internal & external and the individual shall be able to fulfil any & all audit requirements including process walkthrough, schedules, etc.

This is a fantastic opportunity for a professional who thrives in a busy workplace and is well-versed in working closely with senior management.

• Prepare and submit quarterly and annual NAIC and SEC reports in a timely and accurate manner.
• Develop and implement policies and procedures to ensure compliance with NAIC and SEC regulations and reporting standards.
• Individual should have relevant experience with submission of 10K, 10 Q & 8K reporting standards.
• Individual should be familiar with various reporting schedules for NAIC reporting for both Annual, Quarterly & supplementary submissions.
• Coordinate with internal teams, auditors, and regulatory agencies to handle any issues related to NAIC and SEC reporting.
• Review the organization's financial data and arrange them accordingly to the NAIC and SEC regulations.
• Stay current with all changes relating to NAIC and SEC legislation; ensure these changes are promptly and correctly integrated into the company's procedures.
• Provide training to the team members about the latest NAIC and SEC reporting amendments and updates.
• Candidate must have prior experience in using SAP for accounting & reporting purposes.
• Knowledge of I-XBRL/XBRL for SEC reporting
• Serve as the primary contact for internal and external questions and issues regarding NAIC and SEC reporting.
• Shall be versed with concepts of US STAT reporting or Solvency II
• Should have understanding for calculation on RBC (Risk based capital) requirements.
• Shall be able to fulfil reporting requirements for Own Risk and Solvency Assessment (ORSA) filing.
• In-depth knowledge of insurance accounting principles and financial statement preparation.
• Precision and attention to detail in reviewing financial statements and regulatory filings.
• Strong analytical skills to identify errors and discrepancies in financial reports.
• Proficiency with financial reporting software, as well as with EDGAR and other relevant filing platforms.
• Exceptional time management skills to meet tight deadlines and manage multiple filing timelines.
• Excellent written and verbal communication skills to liaise with internal departments and external regulatory bodies.
• Capacity to interpret complex regulations into actionable processes and to provide guidance on regulatory matters.

Skills And Attributes for Success:

• CA, CMA or master’s degree in business, accounting, finance
• Minimum 8 years accounting experience in a senior accounting or financial management role with at least 6 years’ experience with Insurance client (Life & P&C)
• Strong interpersonal and communication skills
• Impeccable analytical and organizational skills
• Self-motivated and self-directed
• Ability to multitask, stay organized and prioritize deadlines in a fast-paced environment.
• Ability to partner with key stakeholders to optimize processes across the domain.
• Good interpersonal and communication skills
• Self-motivation and proactiveness in driving/delivering project deliverables.
• Ability to handle teams and multiple other stakeholders.

To qualify for the role, you must have.

• CPA/CA/CWA/MBA/M.Com/B.Com with 8+ years of work experience preferably in life insurance industry or big 4 consulting firm.
• Strong Knowledge in policies and procedures for NAIC & SEC regulations and reporting standards. Along with good knowledge in Accounting, Finance, SAP, MIS etc.
• Demonstrated strong written and oral communication skills.

Ideally, you’ll also have

• CPA, CA, or similar professional qualification will be preferred.
• Proficiency in MS – Excel, MS – Office.
• Deep understanding of NAIC and SEC reporting requirements and standards.
• Must have hands on experience in reporting software’s prescribed by regulatory authorities.
• Strong analytical thinking and problem-solving skills.
• Excellent written and verbal communication skills with the ability to present complex financial concepts to a broad audience.
• Experience with Life/ P&C Insurance and preferably Big4 consulting firms.

What we are looking for

• A team player with a curious mindset – should be open to continuous learnings and improvements.
• Individual contributor / small team – so must drive end to end.
• Self-driven with an ability to produce high quality output and self-checks with minimal supervision.

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.