India
Experience :
Manager
Closes on :
Oct 6, 2024
Job Description: Manager - EY GDS Assurance FAAS - FSO - Reinsurance
At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. Join us and build an exceptional experience for yourself, and a better working world for all.
The opportunity
EY GDS Financial Accounting Advisory Services (FAAS) team consists of dedicated financial reporting and accounting advisory professionals across the country. We combine technical accounting skills in IFRS and US GAAP, practical experience in financial reporting process as well as deep sector and regulatory knowledge. We help finance leaders address the challenges and ongoing changes facing their business and manage the resulting repercussions on the accounting and finance function.
We are currently looking for a Manager to join our Financial Services team. As part of our EY GDS Assurance Team, the Manager will be responsible for working closely with FAAS leadership, Partners, Senior Managers, Assistant Managers, Seniors and Staff on client engagements across Americas, EMEIA or APAC.
Your key responsibilities
- Financial Accounting and Reporting Excellence for insurance and reinsurance business
- End to End understanding of reinsurance process cycle including key architectural system and period-end close processes
- Preparation of closing statement for reinsurance impact on day 1
- Preparation of settlement statement and related computations on periodic basis
- Prepare and support accounting policy development to ensure it is consistent with IFRS 17 or equivalent US GAAP
- Propose solutions to implementation & business issues arising from reinsurance accounting and reporting
- Knowledge of reinsurance accounting as per IFRS 17, US GAAP, Solvency II and US STAT (NAIC Reporting)
- Stay informed of new guidance, publication and amendments from the regulators and their impact on insurance and reinsurance clients
- Implementation and testing of SOX for insurance and reinsurance entities
- Reporting of reinsurance notes to financial statement, schedules, general interrogatories and exhibits
- Establish and maintain relationship with client's management
- Use technology to continually learn, share knowledge with team members, and enhance service delivery
- Maintain cooperative relationships and foster mutual support with other EY service line teams
- Prepare proposals and realize business development plans through a strong professional network
- Actively support the Americas, EMEIA or APAC FAAS leadership both in terms of growth as well as quality initiatives
- Enhance relationships with global teams and leverage connections to identify opportunities for work at the GDS
- Contributing to continuously coaching and developing our teams
- Providing quality assurance and monitoring risks, managing assignment teams and third parties, liaising with service line teams, functional specialists, and Area Partners
To qualify for the role, you must have
- Chartered Accountant (CA), CPA (US) or ACCA (UK)
- 6-10 years of post-qualification experience in assurance or finance controllership roles, including 2+ years of Financial Accounting and Advisory experience
- Candidates with prior Big 10 experience would be an added advantage
- Audit or business experience in financial statement close or the application of accounting standards
- Experiences with IFRS 17, or equivalent US GAAP including Insurance and reinsurance accounting and associated processes/controls are mandatory
- Experiences working with clients in the Insurance and reinsurance industry is mandatory
- Demonstrate mastery of key concepts and principles related to process improvements, project management and change management; show an ability to apply these consistently in engagement settings
- Impeccable client relationship skills
- A dedication to teamwork and leadership
- Proactive, flexible, and team-oriented from concept and design through to implementation of projects
- Intellectual curiosity and willingness to go "the extra mile"
- Ability to leverage your relevant external network and build your internal networks in a fast-paced and international environment investing in sustainable relationships
- Financial Control including internal and external statutory reporting
- Accounting model and analysis
- Insurance/Reinsurance accounting system implementation
- Front to back process, control, and governance
- Balance sheet management and financial resource optimisation
- Process Improvement
- Finance systems architecture and strategy delivery
- General Ledger, consolidation and EPM projects
- Regulatory, statutory and management reporting projects including Solvency II
What we offer
At EY, our Total Rewards package supports our commitment to creating a leading people culture - built on high-performance teaming - where everyone can achieve their potential and contribute to building a better working world for our people, our clients, and our communities. It's one of the many reasons we repeatedly win awards for being a great place to work.
Support and coaching from some of the most engaging colleagues in the industry. Learning opportunities to develop new skills and progress your career. The freedom and flexibility to handle your role in a way that's right for you.
EY is committed to fostering an environment where differences are valued, policies and practices are equitable, and our people feel a sense of belonging. Join us in building a better working world.
Apply now to join our diverse and inclusive culture!