Insurance Accounting Manager
- Uber
- 7 - 12 years
- Hyderabad
- 6 months ago
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Job Description
We are seeking a highly motivated Insurance Accounting Manager for our Global Accounting Team. This critical role involves managing a team of Senior Accountants in the daily accounting operations and month-end close processes, with a specific focus on insurance-related financial activities .
Youll be instrumental in maintaining effective internal controls, leading process improvement initiatives, and spearheading cross-functional projects. This position requires close collaboration with Finance, FinTech, Insurance and Financial Risk Management, and various other business operations teams. Were looking for an open-minded, driven, and technically sound individual who is passionate about challenging the status quo and enhancing processes within the insurance accounting landscape.
Excellent communication, strong organizational skills, and the ability to effectively manage a team and collaborate across functions are essential.
What Youll Do
- Manage and oversee the activities of an accounting team, including the review of journal entries, account reconciliations, completion of month-end close processes, analysis of financial results, and preparation and review of reporting packages, with a specific emphasis on insurance reserves, claims, premiums, and reinsurance transactions.
- Lead a team of Senior Accountants to analyze the accuracy and reasonableness of monthly financial results and KPIs, particularly related to insurance metrics, through variance analysis and discrepancy investigation at the general ledger account level and financial statement line item level across legal entities, regions, and business units.
- Supervise the Global Business Service ( GBS , third-party service provider) team, provide training, perform detailed review to ensure work quality, and continuously improve the GBS team s operational processes related to insurance accounting.
- Identify process improvement and automation opportunities within the insurance accounting function, align with relevant parties, and drive change. Take ownership and create effective and efficient end-to-end processes for insurance financial operations.
- Evaluate, coach, and develop a team of Senior Accountants, building and improving their skills and capabilities related to insurance accounting principles and practices to achieve team and accounting organization goals.
- Manage, lead, or assist with various special accounting projects, including the design and implementation of key financial systems, internal controls, MA integrations, process efficiency, global close efficiency, audit readiness, and management reporting, all with a lens on insurance accounting complexities.
- Ensure a strong and effective internal control environment specific to insurance accounting processes and support internal and external audit requirements.
Basic Qualifications
- Bachelors degree in Commerce, Accounting, or Finance.
- 7+ years of operational accounting experience in a public accounting firm s audit and assurance service and/or an Accounting Manager role in a multinational corporation
- 5+ years of experience as a people manager, leading at least 2 or more senior accountants.
- Solid knowledge and understanding of U.S. GAAP and public company audit requirements. Solid knowledge of accounting policies/procedures and financial statements specific to the insurance sector.
- Excellent technical, analytical, and communication skills, both written and verbal.
- The ability to thrive in a changing environment and be able to work with senior management to influence decision-making, work independently, and handle multiple tasks simultaneously.
- Ability to independently resolve complex problems where analysis requires the in-depth evaluation of numerous factors, particularly in complex insurance transactions.
- Excellent time and self-management skills, ability to prioritize and multitask to meet deadlines is required.
- Experience implementing SOX controls and maintaining an effective SOX control environment.
- Experience in supervising and reviewing work of others, including outsourced service providers.
- Strong Microsoft Excel skills (V-Lookups, Pivot Tables, etc.).
Preferred Qualifications
- Big 4 audit/assurance experience at a manager level, with a focus on insurance clients, and/or Accounting Manager with a high-volume corporate environment with experience with prepaids, .
- CPA certification preferred.
- Experience with Oracle or other large-scale ERP is preferred.
- Knowledge of US GAAP accounting principles for insurance companies with specific expertise in insurance accounting pronouncements (e.g., ASC 944)
Job Classification
Industry: Urban TransportFunctional Area / Department: Finance & AccountingRole Category: TreasuryRole: Treasury Operations ManagerEmployement Type: Full timeContact Details:
Company: UberLocation(s): Hyderabad+ View Contact
Keyskills: ERP Assurance Financial statements US GAAP Journal entries Claims External audit Oracle Variance analysis Auditing
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