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Financial Controller – CA/CPA

Location:
Bangalore, India (Hybrid)

Department:
Finance

Employment Type:
Full Time

Minimum Experience:
4–8 years

About Us

 Building a global insurance safety net that is simple, easy to understand, and accessible to all. 

Micro Insurance Company (MIC) is a full stack technology focused insurance company. MIC has brought together sales, distribution, product and technology to focus on new insurance opportunities coming from the new digital economy for billions of people and millions of micro and small businesses globally. MIC provides insurance to internet platforms, millions of micro & small businesses. At MIC, we are changing the insurance business. We are constantly working to create insurance policies that do exactly what insurance is supposed to do – provide a safety net to help people recover quickly from problems large and small. Over the last 300 years, insurance has not done such a great job of this, globally few people buy, and it’s seen as complicated, expensive and untrustworthy. 

We are dedicated to changing this perception of insurance, and we are doing this through our actions. So far, we have issued over 3 million policies in 15 countries, and we are not slowing down anytime soon. We believe recovering from adversity should not be a privilege for only the wealthy and the few. To make insurance accessible, we are often required to solve complex problems. Every country we operate in requires different solutions that are unique to that region. Thus, we have created and implemented many innovative financial services which are distributed through e-commerce partners and platforms, banks, mobile networks and mobile wallets. 

At MIC, we pledge to share our skills and ideas to enable other insurance companies to grow their own businesses and to reach more people. We believe together, we can reach 4 billion people. 

Role Description

 Responsible for the efforts and results of the financial department. Reporting to the Director-Finance with regards to all financial and accounting activities overseeing financial department staff in day to day operations. Liaising with operations with respect to financial transactions performed by non-financial staff. 

Financial control is concerned with ensuring that recorded data is accurate, on time and within the rules set by the Company. The Financial Controller is also in charge of Policies and Procedures to ensure the right transactions are made by the appropriate employees and that appropriate authorisations are obtained according to policies agreed from time to time. 

Responsibilities

  • Create monthly and annual reports to identify results, trends and financial forecasts 
  • Manage cash flow by tracking transactions and regularly reviewing internal reports. 
  • Supervise and manage financial department staff including accountants, bookkeepers and financial assistants 
  • Collaborate with HR to define roles and performance monitoring frameworks. Regularly review performance of team members in line with performance monitoring frameworks. 
  • Assist HR in defining recruitment needs and assessment of candidates. Once these have been identified. 
  • Suggest updates and improvements for accounting systems including payroll and invoicing.
  • Overseeing and managing the company secretarial function ensuring the appropriate filings and reports are completed in each Country that MIC operates within. 
  • Work with consultants to ensure timely and adequate compliance with all direct and indirect tax laws applicable to the Group. 
  • Implement, design and maintain controls for managing financial transactions within the wider organisation to ensure compliance with regulations and audit requirements. 
  • Be sure that all financial transactions are properly recorded, filed and reported.
  • Establish and implement financial reporting systems to comply with government regulation and legislation in all of the territories and countries that MIC operates in. 
  • Ensure appropriate level of internal controls and procedures to comply with Group requirements, to maintain segregation of duties, to ensure proper authorization of financial activities and to comply with various regulations such as GDPR, FCPA, etc.
  • Collaborate with auditing services to ensure proper compliance with all regulations. 
  • Create systems to prevent errors in data collection and calculations 
  • Assist the Director-Finance in presenting reports to senior executives, investors and Board Members 
  • Responsible for the timely and accurate financial close process ensuring that all required reconciliations and analysis are concluded comprehensively during the close process. 

Requirements

  • Chartered Accountant/ Certified Public Accountant or equivalent qualification 
  • 8 to 10 years of experience in finance environment with controllership experience; management experience; leadership skills; interpersonal skills; outstanding mathematical skills; honesty; integrity; reliability; solid written and verbal communication skills; high attention to detail; organisation skills; critical thinking and problem solving skills; research skills; analytical skills; computer skills; understanding of data privacy standards.
  • Experience with Insurance related industry 
  • Self-starter, ability to identify issues, hold self and others accountable to achieve goals and resolve problems; 
  • Internationalis view with good command of written and spoken English; 
  • Strong technical ability – in-depth knowledge of relevant financial reporting standards; 
  • Good communicator – ability to analyse trends and communicate these to the concerned in a concise and meaningful manner 
  • Organised – with an ability to manage multiple tasks and competing priorities 
  • Commercially minded – able to understand the wider business context working collaboratively across departments to add value through financial analysis and insight. 

Bonus Points

  • Experience with any of the Big 4. 
  • Having implemented multinational ERP system including design, implementation and deployment as we are doing this. 

Benefits

  • 33 days holidays.
  • Excellent compensation plan, well above the market average. 
  • You will be working for a Company that has talented colleagues and has a passionate focused culture. 
  • Extensive possibility for growth and professional development.

Location

Bangalore, India

Role Reports into

Director – Finance | Aditya NS | LinkedIn

Management Team

COO | Harry Croydon | LinkedIn

CEO | Jamie Crystal | LinkedIn