Record to Report Ops Specialist

Overview

Record to Report Ops Specialist in Financial Consolidation & Close Operations, aligned with the Finance Operations vertical, determining financial outcomes through operational data collection, analysis and transaction reconciliation.

What you'll do

• Collect operational data reports and conduct analysis and reconciliation of transactions.
• Implement general ledger processes including year-end closing and journalizing.
• Create and maintain ledgers, ledger currencies, budgets and journal entries, designing a financial management solution including a flexible accounting structure, journal processing, hierarchical summaries, inquiry and reporting, dynamic allocations and management of commitments and expenditures.
• Run interface reports and perform book closing.
• Lead monthly, quarterly and annual financial close activities.
• Ensure accurate preparation and review of financial statements.
• Oversee general ledger accounting and balance sheet reconciliations.
• Review journal entries, accruals, reserves and adjustments.
• Perform variance and trend analysis on financial results.
• Manage accounting for premium revenue, claims and loss reserves, reinsurance transactions, deferred acquisition costs (DAC), unearned premium reserves (UPR) and investment income.
• Ensure compliance with insurance accounting standards and regulatory reporting requirements.
• Coordinate preparation and submission of statutory and regulatory filings.
• Ensure compliance with insurance regulators and governing bodies.
• Support reporting under US GAAP, IFRS 17, Solvency II, NAIC or applicable local insurance regulations.
• Liaise with external auditors and regulatory authorities.
• Maintain an effective Internal Control over Financial Reporting (ICFR) framework.
• Ensure compliance with SOX and corporate governance requirements.
• Identify control deficiencies and implement remediation plans.
• Support risk assessments and compliance reviews.
• Coordinate internal and external audits, prepare audit schedules and supporting documentation.
• Manage audit observations and corrective action plans.
• Act as the primary finance contact for audit-related activities.
• Partner with Actuarial, Underwriting, Claims, Treasury, Tax and FP&A teams.
• Support new product launches and business initiatives from an accounting perspective.
• Provide financial insights and recommendations to leadership.
• Drive automation, standardization and process optimization.

What you'll need

• Any graduation.
• 7 to 11 years of experience.
• Primary skill: Financial Consolidation & Close Operations.

Details

• Location: Bengaluru.