Finance Officer - Foreign Reinsurance Branch (GIFT City)

Finance Officer - Foreign Reinsurance Branch (IIO – IFSC/GIFT City, India)

To manage the accounting, financial reporting, regulatory compliance, treasury, taxation, and financial control functions of the Foreign Reinsurance Branch operating as an IFSC Insurance Office (IIO) under the regulatory framework of the International Financial Services Centers Authority (IFSCA). The role will support compliance with IFSCA financial reporting, solvency, governance, and statutory requirements.

This position will be based in Ahmedabad, India location.

Work hours – 9:30 AM – 6:30 PM IST (5 days a week in office)

What will be my duties and responsibilities in this job?

Financial Accounting & Reporting

Maintain accurate books of accounts in accordance with applicable accounting standards and IFSCA requirements. Prepare monthly, quarterly, and annual financial statements. Manage general ledger, journal entries, accruals, and reconciliations. Coordinate month-end and year-end closing activities. Ensure proper accounting of reinsurance premiums, claims, commissions, and reserves.

Regulatory Compliance

Support compliance with IFSCA regulations applicable to IIOs, including financial statement preparation and regulatory submissions. Prepare and submit regulatory returns and management reports. Liaise with auditors, regulators, actuaries, and compliance teams. Support internal and external audits, coordinate audit reviews, and ensure timely implementation of audit recommendations. Maintain documentation and records for regulatory inspections and audits.

Treasury & Cash Management

Monitor branch bank accounts and cash positions. Manage investments, fund transfers, and liquidity requirements. Support capital and solvency reporting requirements where applicable.

Taxation

Coordinate direct and indirect tax compliance. Ensure timely filing of tax returns and statutory payments. Liaise with tax advisors and authorities on assessments and audits. Internal Controls & Governance Implement and monitor financial controls and approval processes. Ensure compliance with group finance policies and local regulations. Support risk management, fraud prevention, and operational control activities.

Stakeholder Management

Coordinate with Head Office finance teams. Support external auditors, actuaries, consultants, and service providers. Provide financial analysis and management information to senior management.

If no application deadline is provided, this role may be a pipeline requisition, and we'll continue to collect applications on an ongoing basis, or there is no requirement for this information in the location where the role is posted.

Any posted pay range considers a wide range of compensation factors, including candidate background, experience, and work location, while also allowing for salary growth within the position.

Helping People Thrive in a Connected World

Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.

What’s the culture like at Assurant?

Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 14 countries and awarded the Fortune America’s Most Innovative Companies recognition, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.

Company Overview

Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

AI and Biometric Usage

Assurant supports the responsible use of Artificial Intelligence (AI), but we want to know the real you. Visit our AI Usage Guidelines page to understand what we expect from applicants regarding their use of AI during the application process. Since we would like to know the real you, we require that all of our virtual interviews be conducted on video.

Employment is contingent upon completion of a required identity verification process, which may include biometric technology, where permitted by applicable law and subject to applicable notice and consent requirements. See our Privacy Notice to learn about Assurant’s privacy practices, including our use of AI-enabled technology, automated decision making, and biometric information.

Equal Opportunity Statement

Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.

Job Scam Alert

Please be aware that during Assurant's application process, we will never ask for personal information such as your Social Security number, bank account details, or passwords. Learn more about what to look out for and how to report a scam here.