EY GDS - Assurance Manager - Statutory/NAIC Accounting & Reporting - FAAS - CA/ACCA/CPA(Big4jobs)
Accounting & Finance
Job Description
EY- Assurance Manager - FAAS - Statutory/NAIC Accounting & Reporting
As part of our EY-Assurance Team, the Manager will be responsible for working closely with FAAS Senior Managers and leadership on clients and engagements across Americas to manage project of accounting and reporting as per the Statutory Accounting Principal of NAIC.
The opportunity:
We're looking for incumbents who is responsible for the timeliness and quality of the work as per Project requirements for our FAAS team and possess strong accounting knowledge under US GAAP and Statutory Accounting Principal of NAIC. The role requires prior experience and knowledge of leading project of accounting and reporting as per the US GAAP and Statutory Accounting Principal of NAIC
Your key responsibilities:
- Prepare and review quarterly and annual statutory financial statements, including Risk-Based Capital (RBC) filings, April supplementals, and other NAIC-required schedules.
- Compile and validate supporting schedules, exhibits, and footnotes for NAIC filings.
- Exhibit controllership skills to ensure compliance with NAIC Accounting Practices and Procedures Manual and state-specific requirements.
- Maintain documentation of differences between US GAAP and Statutory Accounting Principal of NAIC and perform GAAP-to-STAT adjustments.
- Ensure maintaining accurate financial records for regulatory reporting.
- Collaborate in responding regulatory comments and ongoing communication with state insurance departments
- Monitor changes in statutory accounting regulations and standards to ensure ongoing compliance
- Lead in responding regulatory comments and ongoing communication with state insurance departments.
- Ensuring timely resolution of customer, clients and other stakeholder queries related to sales and order activities.
- Ensure adherence and meeting the KPIs and SLA and escalation management if any
- Ensuring compliance with the control procedures within the entire accounting and reporting function and compliance with relevant regulatory requirements, if any
- Development of internal documents, processes, controls, SOPs, flow charts, checklists, etc. to ensure training and support smooth processing of transactions
- Identify scope for automation of activities and suggest tools and solutions
- Leading a team of 6-10 team members including engagement PMO activities
- Receive direction from the Senior Manager and leadership and Support Senior Managers in business development activities
- Maintain effective coordination with multiple stakeholders
- Detailed review of work performed by team members
- Analytical Review and provide necessary commentary
- Build the necessary documents like SOPs and other end user training materials
- Use the available guidance's on USGAAP/NAIC Accounting Principal for providing technical support, as and when required
- Designs and delivers engaging training sessions to enhance team capabilities and performance
- Ensure high-quality client service by overseeing and guiding the daily progress of engagement tasks
- Supporting the development and management of the relationships with external and internal (EY) clients
- Engaged in hiring of team members, structured learning path and operations mentor for the team
- Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
- Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situation
Skills and attributes for success:
- Strong knowledge and experience of Insurance accounting, Insurance product, type of insurance business (P&C, L&H), line of business of insurance, life cycle of insurance business,
- Experience with insurance statutory financial reporting including familiarity with NAIC reporting schedules, risk-based capital calculations, and audit support.
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- Demonstrates exceptional verbal and written communication skills to convey complex ideas clearly and persuasively.
- A dedication to teamwork and leadership
- Communicate effectively with clients to understand requirements and provide timely updates.
- Lead the preparation and review of financial statements and disclosures in accordance with Statutory Accounting Principal of NAIC.
- Ability to conduct detailed variance analysis to enable management reporting and audit readiness
- Strong proficiency with accounting software & reporting tools (e.g., SAP, Oracle, Oracle Financials, GAIN, Wings, CDM, Workiva and similar applications) and advanced Excel skills. Familiarity with financial reporting tools and the ability to participate in system upgrades and testing.
- Contribute to the automation of accounting processes to improve efficiency and reduce manual intervention. Drive the standardization of accounting schemas and accounting practices across multiple legal entities
- The ability to work independently in a fast-paced, dynamic team-oriented environment
- Manage and mentor a high-performing finance team, conducting regular performance appraisals and career development planning.
- Exhibit controllership skills and to provide relevant inputs to client for process efficiency
- Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies
To qualify for the role, you must have
- CA , ACCA (UK), CPA or other relevant qualification
- 7-12 years relevant experience including experience in Financial Reporting(US GAAP/Statutory Accounting Principal
Ideally, you'll also have
- Proficiency in MS - Excel, MS - Office.
- Knowledge on any Data analytics/visualisation tools will be additional advantage.
- Flexibility and willingness to travel on short notice, as necessary
- Strong communication, Interpersonal, Analytical Skills & highly proactive in approach
Skills
Financial ReportingCACPAFinance And AccountsAccountingGAAPBig4AccountingSalesAccounting SoftwareFinancial StatementsInsurance AccountingGaapOracle FinancialsManagement ReportingReporting ToolsTransactionsCaFinanceIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
EY India Careers 2025 – Overview
Ernst & Young Global Limited (EY) is one of the Big Four professional services organisations, headquartered in London, England, and operating in 150+ countries with a global workforce of ~400,000 professionals.
EY’s roots trace back to 1849 (Harding & Pullein) and 1903 (Ernst & Ernst), with the current global legal entity formed in 1989 through the merger of Ernst & Whinney and Arthur Young.
In India, EY employs ~50,000–55,000 people across offices in Gurugram, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. The firm operates through four integrated service lines — Assurance, Consulting, Strategy and Transactions, and Tax — helping clients capitalise on opportunities, manage risk, and deliver responsible growth.
EY’s purpose, Building a better working world, guides its work with businesses, governments, and non‑profits to solve complex challenges. The firm is recognised for its investments in AI (via the EY.ai platform), digital transformation, sustainability, and inclusive growth.
Business Model
EY operates as a service‑based B2B professional services firm, generating revenue through assurance, consulting, strategy & transactions, and tax services.
Its model blends:
- Deep sector expertise with technology‑driven solutions
- Global delivery capabilities with India as a strategic hub
- Long‑term client relationships built on trust and recurring engagements
Strategic priorities for EY India include:
- Scaling EY.ai and AI‑enabled services
- Expanding ESG and sustainability consulting
- Strengthening cybersecurity and digital transformation offerings
- Growing Strategy and Transactions advisory in high‑growth sectors
Recent Wins & Recognition
- Launched the EY.ai platform to integrate AI into all service lines globally and in India (https://www.ey.com/en_in/news/2023/ey-launches-ey-ai-platform).
- Advised on a $1.1 billion renewable energy acquisition in India (https://economictimes.indiatimes.com/industry/energy/power/ey-advises-on-renewable-energy-acquisition/articleshow/).
- Recognised as a Leader in Digital Strategy Consulting in the 2025 IDC MarketScape report (https://www.ey.com/en_in/news/2025/ey-named-leader-in-digital-strategy-consulting).
- Partnered with the Government of India on Gati Shakti infrastructure planning (https://www.ey.com/en_in/news/2024/ey-supports-gati-shakti-infrastructure-planning).
- Awarded Best Employer for Women 2025 by Working Mother & Avtar (https://www.ey.com/en_in/news/2025/ey-best-employer-for-women).
Culture & Values
EY’s culture is anchored in its EY Values:
- People who demonstrate integrity, respect, and teaming
- People with energy, enthusiasm, and the courage to lead
- People who build relationships based on doing the right thing
The firm promotes diversity, equity, and inclusion, offers global mobility opportunities, and invests heavily in continuous learning through EY Badges, EY Tech MBA, and leadership programs.
Client‑Facing Businesses
Assurance
What it is – Independent audit and assurance services to enhance trust in financial reporting. Careers in India include:
- Statutory Audit – Auditing financial statements for listed and unlisted companies.
- Financial Accounting Advisory Services (FAAS) – IFRS/Ind AS advisory, reporting, and accounting change support.
- Forensic & Integrity Services – Fraud investigation, dispute resolution, and compliance reviews.
- Climate Change & Sustainability Services (CCaSS) – ESG reporting and assurance.
Consulting
What it is – Advises clients on business transformation, technology, and risk. In India, career opportunities span:
- Business Consulting – Strategy, operations, and supply chain transformation.
- Technology Consulting – ERP, cloud, data analytics, and cybersecurity.
- Risk Consulting – Enterprise risk, internal audit, and regulatory compliance.
- People Advisory Services – Workforce strategy, change management, and HR transformation.
Strategy and Transactions (SaT)
What it is – End‑to‑end deal advisory and capital strategy. India‑based roles cover:
- M&A Advisory – Buy‑side and sell‑side deal advisory.
- Transaction Diligence – Financial, tax, and operational due diligence.
- Valuation, Modelling & Economics – Business valuations and financial modelling.
- Restructuring – Turnaround and insolvency support.
Tax
What it is – Comprehensive tax and regulatory services. In India, career paths include:
- Direct Tax – Corporate and international tax compliance and planning.
- Indirect Tax – GST, customs, and trade advisory.
- Transfer Pricing – Planning, documentation, and dispute resolution.
- Tax Technology & Transformation – Automation and analytics for tax functions.
Important dates & deadlines?
Application Deadline
11 Aug 26, 02:38 PM IST
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EY GDS - Assurance Manager - Statutory/NAIC Accounting & Reporting - FAAS - CA/ACCA/CPA(Big4jobs)
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