About the Team
The Reporting team is responsible for financial analysis, reporting, and regulatory compliance across the organisation. The key activities of the team include:
- Performance analysis: Review and analyse segment-wise Profit & Loss, including premiums, investments, claims, commissions, and expenses.
- Financial reporting: Prepare and analyse financial statements under IGAAP and IND AS, and support transition to new standards such as IND AS 117.
- Planning and forecasting: Develop Profit & Loss projections based on past trends, market inputs, and discussions with stakeholders.
- Regulatory reporting: Prepare and submit reports to IRDAI and SEBI in a timely and accurate manner.
- Monitoring key metrics: Track solvency, loss ratio, combined ratio, and other key indicators, and highlight areas of improvement.
- Investor communication: Support preparation of investor presentations and quarterly updates with clear and relevant information.
- Process improvement: Drive automation and improve reporting processes for better efficiency and accuracy.
About the Role
- Analyse the monthly performance of the company’s investment book, including fixed income and equity portfolios, and track key movements such as yield and unrealised gains.
- Review investment entries to ensure they are recorded accurately in line with applicable accounting standards (including IND AS 109).
- Manage reporting related to mutual funds and share timely and accurate information with internal teams.
- Prepare and review Investment related Notes to Accounts (NTA) and related disclosures for financial reporting.
- Review investment returns, identify key trends and changes, and highlight important observations.
- Support quarterly and annual audit closures, including responding to audit queries and providing data and reports as required.
- Manage reporting requirements as required by regulatory bodies like IRDA/SEBI.
- Support ad hoc analysis, reporting, and projects as required by management from time to time.
Key Requirements:
- Education:Chartered Accountant
- Skills in: Understanding of Indian Accounting Standards. Sound understanding of IND AS 109
- Tech Mastery: Proficiency in advanced excel, ability to use AI
- Bonus Power-Up:Good understanding of financial markets and how they function, including key drivers of investment performance.
Why This Role
- Exposure to financial reporting, investments, and regulatory requirements.
- Opportunity to work closely with senior management and multiple teams.
Involvement in process improvement and automation initiatives.
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Location: Bangalore
Apply now and take charge of Financial Reporting at Digit Insurance!
