Reinsurance Group Of America
Website:
rgare.com
Job details:
You desire impactful work.
You’re RGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
Position overview
- Ensure accurate and complete financial reporting in a timely manner
- Ensure accurate accounting related to revenue, accounts payable and fixed assets
- Lead and coordinate with statutory and internal auditors
- Understanding of IFRS (Ind AS) accounting for Indian companies
- Strong analytical and reconciliation skills to ensure strong internal controls implementation and review
Responsibilities
Financial reporting and audit
- Ensure accurate accounting related to accounts payable, fixed assets and tax
- Ensure the vendor invoices are processed on timely basis and as per agreed SLA with function
- Plan vs actual comparison and variance analysis to be presented to the management with reasoning for variances
- Ensure proper internal control is defined on various finance processes
- Ensure there is proper control over fixed asset procurement and timely physical verification
- Timely sharing of information and facilitate timely closure of statutory audit of both the entities in relation to accounts payable, fixed assets and tax without escalations from auditors
- Ensure timely closure of Internal Audit process and further improved process in terms of ageing visibility and closure of long aged items
- Ensure that all expenses are approved as per DOA and approval guidelines
- Ensure no overdue related party balances in the financials
- Manage the month, quarter and year-end close-down process
Account reconciliation, balance monitoring and regulatory reporting
- Analyse balance sheet codes and ensure balances are accurate and current
- Reconcile balances with the source system, ensuring tax compliances with respect to right TDS rates on expense invoices, GST rates on Invoices and IUC expenses
- Assist with reviewing policy account balances including premiums receivable and assisting with addressing collection issues with premium receivable
- Ensure effective cash management, including monitoring future cash requirements and ensuring efficient levels of funding are available
- Ensure completion of periodic returns to proper authorities
- Ensure completion of regulatory returns, tax filings and annual financial statements
Process improvement
- Ensure a formal review mechanism of existing process and drive process improvements in expenses processing and financials reporting
- Ensure to be the part of budgeting activity in respect to non-insurance related expenses in consultation with the reporting manager
- Driving expense analysis and expense control
- Ensure on time closure of the assignment as agreed with the stakeholder and reporting manager
Risk management
- Ensure that accounting process is in line with SOX narratives
- Ensuring no unreconciled items in bank reconciliation
- Implementation of new process and controls to ensure that there is no concerned areas of the auditors related to non-insurance
- Ensure working closely with regional team responsible for handling inter unit charges, so as to determine tax implications and balances are settled without delay
Requirements
- Semi-qualified chartered accountant with 4-5 years of work experience is preferred
- Bachelor’s degree holder with good exposure in Big 4 and/or insurance companies
- 3-5 years of middle management work experience in insurance accounting and tax
- Good command over written and spoken English
- Accounting knowledge, i.e. India GAAP, Ind AS and US GAAP
- Experience of financial reporting, insurance accounting, system reconciliations
- Exposure to Indian private limited company financial reporting will be an added advantage
- Managing and leading statutory audit processes
- Proficiency in Microsoft Excel will be added advantage and capability to work on standard reporting tools will be an added advantage like Power BI
- Good understanding of insurance/ reinsurance business
- Stakeholders’ management
- Ability to strictly adhere to timelines and project management skills
- Ability to resolve complex issues independently, drawing on knowledge of the industry and accounting principles
- Company secretarial – filing returns
- Basic coordination of legal work – agreements, contracts etc.
- Knowledge and experience of foreign exchange matters
What you can expect from RGA
- Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
- Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
- Join the bright and creative minds of RGA, and experience vast, endless career potential.
We’re excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.
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