Senior Associate (36354)

Requisition ID 36354 - Posted  - India

About Voya:

Voya India (earlier VFISLK) started out as a joint venture between U.S. financial services company Voya Financial and SLK, a software services company and is head quartered at Bangalore. As of Aug 2023, we are a wholly owned subsidiary of Voya Financial. We are a dynamic technology & business process transformation company that provides world-class technology & business process management services, with an emphasis on quality, speed & optimization driven through automation. We support and deliver innovative solutions to Voya's Retirement, Employee Benefits, and Investment Management businesses.
More information about us is available at: https://www.voyaindia.com

Job Description:

GAAP (generally accepted accounting principles) is a collection of commonly followed accounting rules and standards for financial reporting. GAAP specifications include definitions of concepts and principles, as well as industry-specific rules. The role is to create a uniform standard for financial reporting. It attempts to standardize and regulate the definitions, assumptions and methods used in accounting across all industries.

Roles And Responsibilities:

Provide Statutory Accounting Guidance, & Review on new transactions/products
Interpret Stat Accounting Literature
Evaluate and Implement Stat Reporting Changes
Process Regulatory Payments
Other Regulatory filings and renewals
BU Statutory Analysis and BU GAAP Analysis
BU Results Of Operations (ROPS) packages
Assist and train other team members in research of issues that require advanced accounting or system knowledge
EY audit support and documentation
Analyze statistics and make recommendations for improvements to work flow and systems
Timely Statement Compilation and Statement Review
Ability to manage competing priorities
Other duties as assigned

Primary Skill:

Bachelor's Degree in Accounting/Finance or equivalent related work experience
Minimum 3-6 years on experience
Strong understanding of US GAAP, SOX requirements, SOC 1 requirements, internal audit standards
Strong analytical and problem-solving skills
Proficiency in MS Excel, Word and PowerPoint
Ability to work with high deal of accuracy.
Ready to work with team
Good knowledge of financial analysis and reporting.
Ability to communicate verbally and through emails with businesses.
Process improvement mindset

Secondary Skill:

Experience with EY / External Audit coordination
Knowledge of SOX compliance tools / audit tools
Exposure to regulatory & compliance frameworks
Business process improvement & control optimization
Data analysis and dashboard reporting
Leadership / mentoring junior associates
Good understanding of tax balance sheet, income statements, equity rollover reporting
Performs and review accounting functions, and maintains and prepares month-end, quarter-end and annual reports (GAAP & STAT) for assigned asset and investment accounting areas
Preparation and review of Balance sheet, P&L and Cash reconciliations for Investment accounting entities and Impairment processing as per US and European GAAP
Conduct walkthroughs to gain and quick understanding of operational processes and controls to established audit standards
Reconciliations, investment accounting & reporting for insurance entities in scope and working on complex derivative instruments
Regular communication with onshore counterpart via e-mail, instant messenger and telephonic calls and mentoring team members, process associates and carries out operational improvement initiatives

Qualifications:

Education: Bachelor's degree in accounting / finance / commerce

Certification:

CA / CIA / CISA / CFE
SOX / Audit-related certifications

Location:

              Bangalore

Mode of Work:

Hybrid