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Manager - Financial Control
Location: IN-Mumbai
Jobcode: indigojobs_655345
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Job DescriptionPosition Overview - Position Title Manager Finance Controls
- Department F&A
- Level/ Band Manager
Role Summary: 15% to 20% experience in system related activities and 80% to 85% control related activities. Finance Systems Digital Transformation System Support Internal financial controls review and testing at process level. Financial Risk Analysis Preparation of various Approval authority matrices at Organization level for various activities Control reports identification, preparation and monitoring Organisation level process reviews and identification of scope of improvement from control perspective Balance sheet reconciliation review and reporting
BOrganizational Relationships - Reports To Head Finance Controls
- Supervises 1
CJob Dimensions - Geographic Area Covered Corporate & Zonal Level Depts.
- StakeholdersInternal All departments
- External Statutory Auditors and AIA
DKey Result Areas - Area Details
- Finance Systems Digital Transformation Automation of Key Finance Manual Processes. Drive automation in Finance thru RPA and system upgrades.
This includes Risk tool implementation and BRS implementation support and new E-claims system and other projects planned for Finance (Eg. SAP BPC)IT development prioritization along with various stakeholders (link removed) Ensure various updates are carried as per agreed TAT. Circulate fortnightly MIS with regard to status update and timelines for Go livePeriodic review of various rights given to users as per their role and rights mapping in a role to avoid any financial riskMonthly User certification, quarterly role Certifications, AAM review as defined in SOP/ certification by FC team through reports from various systems. - Finance controls review and testing at process level Ensure Processes are updated covering all financial risks and theirmitigation plans.Perform testing of various financial processes to identify area of control weakness and agree on the mitigation planLoss event monitoring to ensure controls are put in place to avoid their future occurrenceEnsure closure of various periodic deliverable with regard to companies act requirement on Internal financial controls and liaison with statutory and internal auditors to seek certification regarding adequacy of the same
- Financial Risk Analysis Carry periodic assessment of Balance sheet reconciliation for various assets and liabilities accounts to ensure nil financial exposure.Financial Controls Assessment Evaluation for various F&A Functions to avoid any financial riskRisk control assessment for various finance functions to avoid financial and operational risks including process /SOP reviews
- Reporting Management and Group reporting on various financial control aspectsVarious adhoc reports /analysis /projects drive
- System Support Creating/checking critical master in SAP like GL, Profit Centre, etc.Review and track CRs from controls perspective and coordinate with IT for necessary status update and aligning with internal stakeholders
ECompetencies - Competency For
Proficiency Scale Proficiency Scale Description - Demonstrating extraordinarylevels of energy and effort thatresult in high performancedelivery through systems andprocesses, with the flexibilityand openness to respond tochange as a result of businessplan and regulatory guidelines. 3 Is self driven and extremely motivated towards achievement of set target.Depicts a sense of urgency for solving problems and getting work done in the most efficient manner.Ascertains when it is appropriate to intervene in situations that jeopardize the attainment of goals.Seeks feedback from stakeholders to help improve performance.Takes ownership of decisions and actions that advance objectives.Adapts to changes in priorities, assigned responsibilities and projects.Demonstrates a willingness to change ideas or perceptions based on new information or contrary evidence or technological advancements.
- Develop, maintain and strengthenrelationships with internal andexternal stakeholders byworking horizontally as well asvertically within organizationand external partners with thegoal to create a win - winrelationship at work and achievethe business outcomes. 3 Is aware of ones own style or preference and its impact on others.Responds to complex customer needs promptly and keeps superiors informed about own actions & their context.Is aware of the differences in style among people and adapts ones own style to better work with others with differing styles.Gains agreement from stakeholders to support ideas or take partnership-oriented action; uses sound rationale to explain value of actions.Communicates changes or problems to peers, team members, and/or others and work on solutions.Makes others feel comfortable by responding in ways that convey interest in what they have to say.
- Ability to align with theorganization's vision with a fairunderstanding of the financialprocesses, Insurance industryregulations and financialmarkets in order to deliverprofitable and sustainablebusiness growth. 3 Reviews and works towards enhancements of existing processes and systems in order to enable efficient financial transactions aligned to customer and consumer expectations.Demonstrates fair understanding of the F&A process and focuses on meeting budgets.Has a fair knowledge about company and competitor's products.Has fair knowledge of insurance industry regulations and financial markets.Has an in-depth understanding of one's own and team goals and drives the team to achieve the desired budgets.
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