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PHI – Senior Manager – Finance Reporting
Prudential (UK) in partnership with the HCL group plans to set-up a standalone Indian health insurance company to address the growing healthcare needs of the Indian consumer.
This joint venture will combine Prudential's global expertise in insurance and financial services with HCL Group’s experience in technology and healthcare solutions.
Prudential, with its longstanding presence in India, already operates two leading businesses in life insurance and asset management with the ICICI Group. Prudential was also the proud sponsor of the 1983 Cricket World Cup, India’s first World Cup Victory!
Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience.
To partner with us in this mission, we are looking for a dynamic and Risk Manager to ensure the efficient and seamless operation of the Risk Department and plays a crucial role in identifying, assessing and mitigating risks in the organization.
Reporting to Head of Finance
Location: Mumbai
The Senior Manager - Financial Reporting role in a start-up health insurance company requires a strategic finance professional to establish and manage financial reporting frameworks aligned with Indian GAAP, IFRS, and IRDA regulations. This role involves developing scalable financial processes, ensuring compliance with statutory audits, implementing cost-control measures, and driving financial efficiency.
Key Responsibilities
- Establish and oversee financial reporting frameworks aligned with Indian GAAP, IFRS, and IRDA regulations.
- Develop scalable financial processes to support rapid growth.
- Ensure compliance with statutory audits and liaise with external auditors.
- Implement cost control measures and financial efficiency strategies.
- Prepare monthly, quarterly, and annual financial reports for investors and regulators.
- Conduct variance analysis and financial forecasting.
- Identify automation opportunities to streamline reporting.
- Collaborate with cross-functional teams to align financial strategies with business goals.
Qualification & Experience
- CA/ICWA qualification with expertise in Indian GAAP, IFRS, and IRDA frameworks.
- 5-10 years of experience in finance and accounting within the health insurance industry.
- Strong analytical, reconciliation, and reporting skills.
- Ability to manage statutory audits and cross-functional projects.
- Knowledge of regulatory transitions like Ind AS and IFRS.
Skills
- Analytical skills
- Problem solving skills
- Data handling expertise
- IRDAI requirement Knowledge
What we offer
- Competitive salary
- Career development opportunities for professional growth and development including training and mentorship programs
- Recognition as a key member of our leadership team
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
