EY Financial Accounting & Advisory Services - Manager Insurance 

India, Karnataka, Bengaluru 

436377516

Your key responsibilities

• Financial Accounting and Reporting Excellence for insurance and reinsurance business
• End to End understanding of reinsurance process cycle including key architectural system and period-end close processes
• Preparation of closing statement for reinsurance impact on day 1
• Preparation of settlement statement and related computations on periodic basis
• Prepare and support accounting policy development to ensure it is consistent with IFRS 17 or equivalent US GAAP
• Propose solutions to implementation & business issues arising from reinsurance accounting and reporting
• Knowledge of reinsurance accounting as per IFRS 17, US GAAP, Solvency II and US STAT (NAIC Reporting)
• Stay informed of new guidance, publication and amendments from the regulators and their impact on insurance and reinsurance clients
• Implementation and testing of SOX for insurance and reinsurance entities
• Reporting of reinsurance notes to financial statement, schedules, general interrogatories and exhibits
• Establish and maintain relationship with client’s management
• Use technology to continually learn, share knowledge with team members, and enhance service delivery
• Maintain cooperative relationships and foster mutual support with other EY service line teams
• Prepare proposals and realize business development plans through a strong professional network
• Actively support the Americas, EMEIA or APAC FAAS leadership both in terms of growth as well as quality initiatives
• Enhance relationships with global teams and leverage connections to identify opportunities for work at the GDS
• You pro-actively share your knowledge and experience - contributing to continuously coaching and developing our teams
• Contributing to the growth of the practice via the sharing of knowledge and experience as well as demonstrating great depth of specialism by contributing to EY Point of views, development of solutions, engagement tools and enablers
• Contributing to the development of your own and the team's technical skills by establishing a culture of highest performing teams, inclusive behaviours, and emotional intelligence
• Providing quality assurance and monitoring risks, managing assignment teams and third parties, liaising with service line teams, functional specialists, and Area Partners

To qualify for the role, you must have

• Chartered Accountant (CA), CPA (US) or ACCA (UK)
• 6–10 years of post–qualification experience in assurance or finance controllership roles, including 2+ years of Financial Accounting and Advisory experience
• Candidates with prior Big 10 experience would be an added advantage
• Audit or business experience in financial statement close or the application of accounting standards
• Experiences with IFRS 17, or equivalent US GAAP including Insurance and reinsurance accounting and associated processes/controls are mandatory
• Experiences working with clients in the Insurance and reinsurance industry is mandatory
• Demonstrate mastery of key concepts and principles related to process improvements, project management and change management; show an ability to apply these consistently in engagement settings
• Impeccable client relationship skills
• A dedication to teamwork and leadership
• Proactive, flexible, and team-oriented from concept and design through to implementation of projects. You have an intellectual curiosity, and you are willing to go “the extra mile”
  • Able to leverage your relevant external network and build your internal networks in a fast-paced and international environment investing in sustainable relationships
• Financial Control – including internal and external statutory reporting
• Accounting model and analysis
• Insurance/Reinsurance accounting system implementation
• Front to back process, control, and governance
• Balance sheet management and financial resource optimisation
• Process Improvement
• Finance systems architecture and strategy delivery
• General Ledger, consolidation and EPM projects
• Regulatory, statutory and management reporting projects including Solvency II

Stick to your plans and realize your goals with us! Design your career with EY in a culture that promotes diversity and education.

• International multi-cultural team of highly motivated professionals
• Constant personal development with a steep learning curve – a system of trainings, mentoring, counselling, and on-the-job learning
• Modern working environment and equipment, fostering mobile working flexibility
• Transparent performance-based recognition and progression system
• Acquire a fully accredited corporate MBA (EY Tech MBA) from Hult International Business School, whilst working with EY, completely free*
• The ability to work independently in a fast-paced, dynamic team-oriented environment
• We’re interested in strong team players who support their colleagues in reaching their goals while also considering their own workload and development. If you have the confidence to speak up and influence a team that affects big businesses worldwide, this role is for you
• Being bilingual (English/French) is an asset
• Diversity and inclusiveness are at the heart of who we are and how we work. We’re committed to fostering an environment where differences are valued, policies and practices are equitable, and our people feel a sense of belonging
• Because when people feel free to be their authentic selves at work, they bring their best and are empowered to build a better working world.
• A Team of people with commercial acumen, technical experience, and enthusiasm to learn new things in this fast-moving environment
• An opportunity to be a part of market-leading, multi-disciplinary team of 7200 + professionals, in the only integrated global assurance business worldwide.
• Opportunities to work with EY GDS Assurance practices globally with leading businesses across a range of industries

What we offer

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package allows you decide which benefits are right for you and which ones help you create a solid foundation for your future. Our Total Rewards package includes a comprehensive medical coverage, a defined contribution plan, a great vacation policy plus firm paid days that allow you to enjoy longer long weekends throughout the year, statutory holidays and paid personal days (based on province of residence), and a range of exciting programs and benefits designed to support your physical, financial, and social well-being. Plus, we offer:

• Support and coaching from some of the most engaging colleagues in the industry
• Learning opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

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.