Senior Vice President Finance

About our clientOur client is well known brand in the space of Insurance Tech and a leading worldwide player in extending insurance consulting for multiple client globally .Position Title: Senior Vice President Finance & Accounting (Insurance)Job Location: GurugramAbout the Opportunity: The Senior Vice President (SVP) will lead the end-to-end Tower, overseeing a team of 100 people. This role includes responsibilities in consulting, practice management, and driving growth initiatives. The Senior Vice President (SVP) will lead the overall finance pillar for key clients, overseeing a span of 200 people.The team helps to prepare the financial statements as per US GAAP/IFRS, perform various reconciliations, perform regulatory/statutory reporting and other activities as per the process requirement also analyze the vendor invoices, broker settlements and payment request forms to record the expenses into designated chart of accounts in order to process the payments. Also heling to performing the bank reconciliations for international clients.This is a critical position central to the overall strategy and success. As VP, Finance & Accounting you would be expected to apply your deep finance & insurance expertise helping one of our key clients set up their finance function globally. You need to be a global finance lead with property and casualty industry expertise and have the vision to conceive, design, and direct new data driven, technology enabled business models. Particularly, specializations in driving financial strategies by building and leveraging data and analytics, process transformation, automation and outsourcing experience are preferred. You will be responsible for overseeing and synergizing all finance processes for the Insurance Businesses that are conducted - including Financial Control and Business Finance (Processes under CFO purview).What youll be doing:Service Delivery: You would have to understand global Insurance framework i.e. process (Target Operating Model), Policies, regulatory requirements, systems, and actively challenging the existing framework and working closely with client CFO to develop, refine and implement the new strategies for the finance function.Strategy: Working with clients to develop and optimize growth strategies that mirror the current industry dynamics including the evolving regulatory environmentAdvanced analytics: Develop and design analytics strategies that help our insurance clients to mine data for insights and decision making.Performance Improvement and Operations: Harness the capabilities at company to increase efficiency and lower costs for companys insurance industry clients.Technology strategy: Working with companies to increase the agility of their information technology and digital assets.Customer Strategy: Designing client solutions to develop insights and strategies to nurture customer relationships and earn customer loyalty that fuels growth and lowers costs.Compliance: Support insurance compliance and risk officers and their teams in satisfying the demands of more complex regulations while also helping their companies grow their top and bottom linesStaffing: Lead team of senior F&A staff in India to ensure smooth and seamless delivery and assist in new product and geographical expansion for one of our key clientsIn addition to working with external clients, you would also be working as a part of the leadership team of the company with responsibility of the growth and development of the F&A vertical.Role Demands: Oversee the finance & accounting teams Identify opportunities for both transformational and incremental improvement and drive changes Actively involved in the development of the change strategy and accountability for its implementation in compliance with group standards and regulations. Working within a fast moving and demanding environment with significant regulatory changes and strict timelines Focus on knowledge driven growth for the team Identify critical employees and create succession plans Support innovation in hiring strategies for finding the best talent pool Excellent verbal and written communication style. Ability to confidently build a strong rapport with project teams and the client. To work effectively with varying levels of people in finance function, various processes, PMO, IT as required, providing leadership and direction where required. Suggest improvement ideas to set up standard global operationsWhat youll bring to the team: MBA, Chartered Accountant/CPA with 18 years of post-qualification experience Experience as a controller in a global environment (preferred) Good understanding of P&C and L&R Insurance products and experience of analyzing / understanding financials working in collaboration with other teams like actuarial, IT etc (preferred) Experience of understanding and challenging existing accounting treatments, and of the application of new requirements Experience of the planning and forecasting cycle in a large organization (preferred) US GAAP exposure