Role description

A.Position Overview

Position Title	Assistant Manager Finance Controls
Department	F&A
Level/ Band	Asst. Manager

B.Role Summary

The role is responsible for strengthening and overseeing the organization's financial control environment by identifying, assessing, and mitigating financial and operational risks. The incumbent will drive process standardization, internal financial controls compliance, risk assessments, and continuous improvement initiatives across functions, while ensuring regulatory adherence, audit readiness, and effective management reporting.

C.Organizational Relationships

Reports to	DVP, Finance Controls
Supervises	None

D.Job Dimensions

Geographic Area Covered	Corporate & Zonal Level Depts.
StakeholdersInternal	All departments
External	Statutory Auditors and System Vendors

E.Key Result Areas ( In Bullet points )

.Ensure all processes are appropriately documented, updated, and aligned to identified financial risks along with defined mitigation plans.

.Perform periodic testing of processes to identify control weaknesses and agree on corrective action and mitigation plans with stakeholders.

.Monitor loss events and ensure corrective controls are implemented to prevent recurrence.

.Ensure timely closure of periodic deliverables related to Companies Act requirements on Internal Financial Controls (IFC), including liaison with statutory and internal auditors for certification of control adequacy.

.Conduct periodic assessments of balance sheet reconciliations for asset and liability accounts to ensure minimal or nil financial exposure.

.Carry out financial controls assessment and evaluation across various functions to mitigate financial risks.

.Perform risk and control assessments for different functions to address financial and operational risks, including review and enhancement of processes and SOPs.

.Prepare and present management and group-level reporting on financial control matters.

.Drive ad-hoc reports, analytical reviews, and special projects as required by management.

.Review existing approval matrices across functions to assess adequacy and effectiveness.

.Recommend revised approval authority matrices based on stakeholder inputs, risk evaluation, and control considerations.

.Conduct end-to-end reviews of finance-related processes and recommend improvements to streamline workflows, enhance efficiency, and strengthen internal controls.

F.Competencies (Please add relevant competencies .)

Competency For

Proficiency Scale Description

Demonstrating extraordinary

levels of energy and effort that

result in high performance

delivery through systems and

processes, with the flexibility

and openness to respond to

change as a result of business

plan and regulatory guidelines.

.Is self-driven and extremely motivated towards achievement of set target.

.Depicts a sense of urgency for solving problems and getting work done in the most efficient manner.

.Ascertains when it is appropriate to intervene in situations that jeopardize the attainment of goals.

.Seeks feedback from stakeholders to help improve performance.

.Takes ownership of decisions and actions that advance objectives.

.Adapts to changes in priorities, assigned responsibilities and projects.

.Demonstrates a willingness to change ideas or perceptions based on new information or contrary evidence or technological advancements.

Develop, maintain and strengthen

relationships with internal and

external stakeholders by

working horizontally as well as

vertically within organization

and external partners with the

goal to create a win - win

relationship at work and achieve

the business outcomes.

.Is aware of one's own style or preference and its impact on others.

.Responds to complex customer needs promptly and keeps superiors informed about own actions & their context.

.Is aware of the differences in style among people and adapts one's own style to better work with others with differing styles.

.Gains agreement from stakeholders to support ideas or take partnership-oriented action uses sound rationale to explain value of actions.

.Communicates changes or problems to peers, team members, and/or others and work on solutions.

.Makes others feel comfortable by responding in ways that convey interest in what they have to say.

Ability to align with the

organization's vision with a fair

understanding of the financial

processes, Insurance industry

regulations and financial

markets in order to deliver

profitable and sustainable

business growth.

.Reviews and works towards enhancements of existing processes and systems in order to enable efficient financial transactions aligned to customer and consumer expectations.

.Demonstrates fair understanding of the F&A process and focuses on meeting budgets.

.Has a fair knowledge about company and competitor's products.

.Has fair knowledge of insurance industry regulations and financial markets.

.Has an in-depth understanding of one's own and team goals and drives the team to achieve the desired budgets.

Displays a wide range of

considerations and perspectives

to a particular situation by

analyzing facts, data and scenario

based insights to enable a

logical, well-reasoned and

informed decision - making

process.

.Able to seek inputs from internal/external customers effectively.

.Presents in-depth analysis by seeking benchmarking data, industry insights and networking with other colleagues.

.Anticipates potential obstacles and develops contingency plans to overcome them.

.Able to identify relevant alternatives and evaluates the potential consequences of each before taking action.

Thorough understanding of

knowledge and skills sets required

to excel within the function in

order to build a business model

leading to sustainable growth for

Customers and consumers.

.Understands the need of the finance and accounting processes and policies and makes recommendations accordingly.

.Is able to develop various plans for deploying the strategy effectively impacting one's area of work.

.Continuously seeks inputs and knowledge to improvise processes and systems in one's own area of work.

.Keeps oneself abreast of the evolving trends and practices within the finance and accounting domain.

The ability to analyze data and

use knowledge/experience to

make decisions in a structured

manner based on logical

assumptions and factual

information, in line with the set

regulations and guidelines.

Identifying problems and

providing solutions by developing

a course of action taking into

consideration resources,

constraints and organizational

guidelines, regulations & values.

.Is able to analyze complex data to provide inputs that will help take decisions, when the situation is clear and options are obvious.

.Is able to look at domain specific problems and approach them in an organized fashion drawing appropriate inferences.

G.Skills Required

Technical :	Proficiency in SAP, Advanced Excel and MS Power point.

Behavioral .	Essential	Desired
Interpersonal skills	Yes
Communication skills	Yes
Creative thinking skills	Yes
Supervising/Leadership skills		Yes
Teamwork Skills	Yes
Influencing skills	Yes
Relationship Building skills	Yes
Decision making skills	Yes

H.Incumbent Characteristics


Qualification	MBA (Finance)/ CA
Experience	3 + years in Finance in Insurance sector

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