Job Description
Position Title, Responsibility Level
Manager / Senior Manager
Function
Solvency II Reporting
Reports to
AVP / SAVP- Operations
Permanent / Temporary
Permanent
Span of Control
10+ members
Location
Noida – C59
- Hands on production experience of all mandated QRT’s templates as per the timetable released by PRA (for Quarterly and Annual templates) Partnering in setting the team’s strategic direction and assisting in the overall running of the team’s operations
- Understanding of bridging items between local / US GAAPs and Solvency II requiring eg DAC, Receivables, and technical provisions Review of critical journal entries, GAAP supplemental before submission to onshore team
- Slice and dice premiums, claims and expenses (acquisition costs, commissions, brokerage etc) on the basis of location of risks, dominium’s limits for materiality levels Leadership and development of staff
- Claims provisioning and reserves calculations for triangles calculations relevant for Annual QRT submissions Participate or lead special projects, initiatives, ad-hoc reporting and analysis requests
- Report writing in narrative reporting toolkit like Workiva experience would be preferred for drafting of Qtrly, Annual R&A and SFCR / FCR reports Identify process improvement opportunities to drive efficiencies and enhanced controls
- Ability to carve out data at account level, BS classification level from the ledgers and at a policy / portfolio level from the regulatory data marts
- Analytical ability to correct mappings / referencing tables between various GAAP and regulatory regimes
Primary Internal Interactions
AVP / VP for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and supportAVP / VP for the purpose of settling issues left unresolved by the Assistant AVP / VP and monthly evaluation of performancePeers (team members) for the purpose of seeking co-operation & clarification on process-related matters & aiding and support when requiredPrimary External Interactions
Onshore Team Manager and SMEs for daily planning of work and execution of deliverablesMust demonstrate effective and diplomatic oral and written communication skillsStrong time management and team management and other organization skills
Organizational Relationships
Reports To : Supervises : 10+ members
Skills
Technical Skills
CA / CPA / MBA / Post-Graduate in Finance with 8+ years of experience in Financial Accounting & Regulatory ReportingExperience in Regulatory reporting for than 6-9 years.Process Specific Skills
Strong Knowledge about All 3 Piller in Solvency II reporting / XBLR / Taxnomy Update / QRT template Capable of working with tight deadlines and lead closure of reporting timelinesLeads or actively participates in increasingly complex department projects and continuous improvement activitiesEffectively balance quality, timeliness and productivity standardsIdentify and implement enhancements and efficienciesSoft skills (Desired)
Experience in Workiva, Wings, SAP / Oracle, XBRL / SCR Experience on working on SAP S / 4HANAExcellent verbal and written communication skills to interact with several stakeholdersSoft Skills (Minimum)
Self-disciplined and result orientedAbility to multitaskAbility to work effectively as part of a teamCommitment and drive for resultsStrong analytical skillsAbility to understand and question established process guidelines to bring about process improvementsAbility to pay great mindfulness – especially during processing of transactionsEducation Requirements
CA / CPA / MBA / Post-Graduatewith strong practical experience in reporting for more than 8 - 10 yearsCA / CPA / MBA / Post-Graduatein Finance with 8+ years of experience in Financial Reporting and SOLVENCY II Reporting.