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Head of Financial Accounting Insurance and Asset Management

HSBC Global Services Limited·Posted 3 weeks ago

Location

All India, Chennai

Experience

20–24 years

Required Skills

InsuranceAsset ManagementFinancial AccountingGeneral Ledger accountingFinancial reportingStakeholder ManagementCommunicationLeadershipProblem SolvingGovernanceAdaptabilityStakeholder managementTeamworkData integrityFinancial systemsEmerging technologiesLocal statutory reportingIntercompany reconciliationsBalance sheet reconciliationsProcess controlsTransformation ExperienceTechnical ExpertiseOperational Effectiveness ControlCommercial acumenBusiness partnering capabilitiesTechnical accounting knowledgeFinancial consolidation toolsAIautomationWritten reporting skills

About the Role

As an SVP Head of Insurance & Asset Management Financial Accounting at HSBC, you will play a crucial role in managing and transforming the Finance processes for both Insurance and Asset Management businesses. Your responsibilities will include oversight of General Ledger accounting, financial reporting, local statutory reporting, intercompany reconciliations, balance sheet reconciliations, and monitoring accounting developments in line with new standards. You will lead disclosures, ensure compliance with accounting policies and regulatory requirements, and optimize processes by working closely with various teams.

Your role will involve representing the function in key governance forums, actively contributing to discussions, and cascading key outcomes to the team. You will establish and maintain robust process controls, lead a team of 80+ people, engage with multiple stakeholders, and drive a strong change agenda. Reporting to the Head of Financial Accounting Operations, you will support the Insurance & Asset Management Controllership Leads.

Principal Responsibilities: - Technical Expertise: Demonstrate deep knowledge of Insurance and Asset Management accounting, reporting, and control frameworks. - Transformation Experience: Showcase a proven track record of driving re-engineering, process synergies, and technology-based solutions. - Stakeholder Management: Experience working with diverse, senior stakeholders in a matrix organization. - Communication: Possess strong written and oral communication skills to convey complex transformation agendas simply to a global audience. - Leadership: Demonstrate the ability to lead large teams, manage performance, and drive a strong change agenda. - Problem Solving: Analyze unstructured problems, challenge existing procedures, and deliver practical solutions. - Governance: Operate in senior governance forums and handle auditors effectively. - Adaptability: Work under pressure, adapt to changes, and deliver to tight deadlines. Customers/Stakeholder Management: - Manage relationships with senior stakeholders effectively. - Demonstrate understanding of key stakeholders and their priorities.

  • • Engage and support stakeholders on evolving requirements.

  • • Establish robust communication channels with stakeholders.

  • • Anticipate and address stakeholder issues effectively.
  • Leadership & Teamwork: - Provide guidance, coaching, and feedback to improve effectiveness.

  • • Support talent retention and development.

  • • Promote consistency and teamwork across functions.

  • • Design training programs on transformation and technical knowledge.

  • • Lead and develop an effective team through communication and performance management.
  • Operational Effectiveness & Control: - Develop an effective control environment.

  • • Review accounting and reporting process performance.

  • • Maintain strong controls around data integrity and accuracy.

  • • Drive and manage change effectively.

  • • Ensure the effectiveness of the BCP plan.
  • Requirements: - Proven track record in re-engineering and process synergies.

  • • Ability to work under pressure and report to tight deadlines.

  • • Strong people skills and motivation.

  • • Experience in process controls and problem-solving.

  • • Ability to communicate technical messages effectively.
  • Technical Skill Requirements:

  • • Professional accounting qualification with 20+ years of experience.

  • • Deep understanding of relevant accounting frameworks.

  • • Knowledge of financial systems and reporting tools.

  • • Experience in finance transformation projects.

  • • Familiarity with emerging technologies such as AI and automation.
  • At HSBC, we are committed to providing a workplace that fosters continuous professional development, flexible working, and opportunities for growth within an inclusive and diverse environment. We value all employees and encourage applications from suitably qualified individuals regardless of their background. As an SVP Head of Insurance & Asset Management Financial Accounting at HSBC, you will play a crucial role in managing and transforming the Finance processes for both Insurance and Asset Management businesses. Your responsibilities will include oversight of General Ledger accounting, financial reporting, local statutory reporting, intercompany reconciliations, balance sheet reconciliations, and monitoring accounting developments in line with new standards. You will lead disclosures, ensure compliance with accounting policies and regulatory requirements, and optimize processes by working closely with various teams.

    Your role will involve representing the function in key governance forums, actively contributing to discussions, and cascading key outcomes to the team. You will establish and maintain robust process controls, lead a team of 80+ people, engage with multiple stakeholders, and drive a strong change agenda. Reporting to the Head of Financial Accounting Operations, you will support the Insurance & Asset Management

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