Head Of Finance And Accounting - Insurance Broking Co. Job Description Template
As the Head of Finance and Accounting for an Insurance Broking Company in Mumbai, you will lead all financial activities, including budgeting, forecasting, financial reporting, and compliance. You will play a critical role in shaping financial strategy and ensuring the company's financial health.
Responsibilities
- Oversee all financial and accounting operations.
- Prepare and present financial statements and reports.
- Ensure compliance with regulatory and statutory requirements.
- Develop and implement financial strategies.
- Manage budgeting and forecasting processes.
- Supervise and mentor finance and accounting teams.
- Coordinate internal and external audits.
- Analyze financial performance and provide insights to senior management.
- Control and evaluate the organization's fundraising plans and capital structure.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Professional certification such as CA, CPA, or CFA.
- Minimum of 10 years of experience in finance and accounting.
- Proven experience in a senior financial managerial position.
- In-depth knowledge of corporate financial law and risk management practices.
- Strong understanding of the insurance broking industry.
- Excellent analytical, strategic, and leadership skills.
Skills
- Financial analysis
- Budgeting
- Financial reporting
- Risk management
- Strategic planning
- Regulatory compliance
- Taxation
- Leadership
- Communication
- MS Excel
- ERP systems
Frequently Asked Questions
A Head Of Finance And Accounting in an insurance broking company is responsible for overseeing all financial operations. This includes managing budgeting, financial planning, forecasting, and risk management. They ensure compliance with regulatory requirements, produce financial reports, and provide strategic advice to optimize fiscal governance. This role is crucial for maintaining financial health and supporting the company's growth objectives.
To become a Head Of Finance And Accounting at an insurance broking company, candidates typically need a strong educational background in finance, accounting, or related fields, often requiring a CPA or CFA certification. Significant experience in financial management within the insurance or financial services industry is crucial, along with demonstrated leadership skills and knowledge of regulatory compliance. Building expertise in these areas can lead to advancement to this senior role.
The average salary for a Head Of Finance And Accounting in an insurance broking company varies based on factors such as company size, location, and candidate experience. Typically, it reflects a high-level executive compensation package that includes salary, bonuses, and other incentives. Salaries are competitive and commensurate with the responsibility of overseeing complex financial operations and ensuring the company's financial success.
The qualifications for a Head Of Finance And Accounting in insurance broking usually include a degree in finance or accounting, along with professional certifications such as CPA or CFA. Extensive experience in financial management, particularly within insurance or related sectors, is essential. Additionally, strong leadership skills and a deep understanding of financial regulations and compliance are critical for success in this role.
Key skills for a Head Of Finance And Accounting in an insurance broking firm include strategic financial planning, advanced accounting proficiency, leadership, and risk management. Responsibilities encompass budgeting, overseeing financial operations, ensuring regulatory compliance, and guiding the strategic financial direction of the company. Effective communication and analytical thinking are also vital in managing a finance team and influencing business decisions.