Head – Finance – Insurance Broking – CA

Role Overview:

We are looking for an experienced and strategically oriented Head – Finance to lead financial strategy, planning, controllership, taxation, treasury, governance and regulatory compliance. The incumbent must have direct finance leadership experience in an IRDAI-licensed Corporate Agency or other insurance intermediary business, with a strong understanding of insurance distribution economics, commission accounting, insurer settlements, reconciliations and applicable regulatory requirements. Experience in service-based businesses is also essential.

Key Roles & Responsibilities:

– Develop and implement financial strategies aligned with organisational objectives; provide commercial insights and financial recommendations to senior management.

– Lead annual budgeting, forecasting, long-term financial planning, monthly MIS and business performance reviews.

– Monitor revenue, margins, operating expenses, cash flows and profitability across business verticals; identify opportunities for cost optimisation and improved financial performance.

– Lead finance and accounting for the Insurance Corporate Agency business, ensuring accurate accounting and monitoring of insurance commission income, payouts, incentives and other insurance-related revenue.

– Oversee insurer-wise reconciliations, commission settlements, receivables, outstanding balances and related financial controls.

– Monitor the financial performance and profitability of insurance distribution operations and establish robust reporting mechanisms.

– Ensure finance-related compliance and reporting applicable to the organisation’s IRDAI Corporate Agent operations; track relevant regulatory changes and coordinate implementation with internal compliance teams.

– Coordinate with insurance partners, life and general insurance companies, auditors and other relevant stakeholders on finance, reconciliation and reporting matters.

– Oversee finance for HR outsourcing, payroll outsourcing, staffing and HR consulting operations; monitor client-wise profitability, service delivery costs, employee-related expenses and operating margins.

– Strengthen revenue recognition, client billing, collections, receivables management and working-capital processes.

– Oversee direct and indirect taxation, GST, TDS, statutory compliance, statutory audits, internal audits and tax audits.

– Manage treasury, liquidity, cash-flow planning, fund utilisation and working-capital optimisation.

– Establish strong internal financial controls, governance policies and risk-mitigation measures; drive finance automation and process improvements.

– Lead and develop the finance team and work closely with the CEO, senior management, business heads and group finance.

Candidate Profile & Essential Requirements:

– Qualified Chartered Accountant (CA)/ MBA Finance.

– 15 – 25 years of progressive experience in Finance & Accounts, with at least 5 years in a senior leadership position such as CFO, VP Finance, Finance Director or Head – Finance.

– Mandatory direct finance leadership experience in an IRDAI-licensed Corporate Agency / Corporate Agent business or another insurance intermediary organisation.

– Strong understanding of Corporate Agency operations, insurance distribution revenue models, commission accounting, insurer-wise reconciliation, settlements and financial reporting.

– Exposure to Life Insurance, General Insurance and / or Health Insurance distribution business will be valuable.

– Good understanding of IRDAI regulatory requirements applicable to Corporate Agents, along with the ability to work closely with compliance and business teams.

– Experience in service-based industries is essential; exposure to HR outsourcing, payroll outsourcing, staffing, BPO or professional services will be preferred.

– Strong expertise in financial planning, budgeting, MIS, taxation, treasury, audit, financial controls and governance.

– Demonstrated leadership, commercial acumen, analytical ability and stakeholder-management skills.

Preferred Candidate Background:

– CFO / VP Finance / Head Finance from an IRDAI-licensed Corporate Agency, insurance distribution business or insurance intermediary, preferably with exposure to service-oriented business models and complex, multi-vertical operations.