Job Summary:
We are seeking a dynamic and strategic Chief Financial Officer (CFO) with strong experience in the insurance sector. The CFO will be responsible for overseeing the company’s financial planning, risk management, budgeting, regulatory compliance, and strategic financial decision-making. The ideal candidate will bring deep industry knowledge and proven leadership in driving sustainable financial growth.
Key Responsibilities:
- Lead all aspects of financial management, including accounting, budgeting, forecasting, cash flow, and financial reporting.
- Ensure compliance with IRDAI regulations and other statutory requirements relevant to the insurance industry.
- Drive capital planning, investment strategies, and funding initiatives aligned with business objectives.
- Collaborate with actuarial, underwriting, and claims departments to ensure sound financial practices.
- Monitor key performance indicators (KPIs) and operational efficiency to support strategic decisions.
- Provide timely and accurate financial analysis to support executive leadership and board-level decisions.
- Oversee internal audit processes, risk assessment, and control frameworks.
- Manage relationships with external auditors, reinsurers, banks, and investors.
- Implement cost-effective systems and operational improvements.
- Guide M&A activities, strategic partnerships, or joint ventures when applicable.
Requirements:
- Qualification: CA / CPA / MBA (Finance) or equivalent.
- Experience: Minimum 15 years in finance, with at least 5+ years in a leadership role within the insurance industry.
- In-depth understanding of insurance accounting, financial modeling, solvency requirements, and risk-based capital.
- Strong knowledge of IRDAI regulations, tax laws, and financial compliance standards.
- Proven track record of strategic planning, financial leadership, and team management.
- Excellent communication, negotiation, and stakeholder management skills.