AVP/ Vice President (VP) - SOX Compliance

Job Description:

Job Title: AVP/ Vice President (VP) - SOX Compliance

Department: Finance & Accounts

Reports To: SVP/ President & CFO

Location: Mumbai- Corporate office

Role Summary:
The Vice President of SOX Compliance will lead the company's Sarbanes-Oxley (SOX) compliance program, ensuring adherence to regulatory requirements and internal controls over financial reporting (ICFR). This is a critical role in maintaining the financial integrity and transparency of the organization.

Job Responsibilities:

SOX Program Leadership:
Develop, implement, and maintain a comprehensive SOX compliance framework aligned with industry best practices and regulatory standards.
Oversee the annual SOX risk assessment process to identify and prioritize areas of focus.
Establish a robust system of internal controls to mitigate financial reporting risks.
Monitor the effectiveness of internal controls and ensure timely remediation of deficiencies.
Collaborate with external auditors to facilitate SOX compliance testing and reporting.

Documentation and Reporting:
Maintain accurate and up-to-date documentation of SOX processes, policies, and procedures.
Prepare clear and concise reports on SOX compliance status for senior management and the audit committee.
Communicate SOX-related information effectively across the organization.

Team Management:
Lead and mentor a team of SOX compliance professionals, fostering a culture of continuous improvement.
Allocate resources effectively to meet SOX compliance objectives.
Provide ongoing training and development opportunities for the SOX team.

Collaboration:
Work closely with other departments, including IT and legal, to ensure cross-functional coordination on SOX matters.
Engage with external stakeholders, such as regulatory agencies and external auditors, as needed.

Policy Development:
Contribute to the development and enhancement of company-wide policies and procedures related to SOX compliance.
Qualifications and Experience:


Education:
Bachelor's degree in accounting, finance, or a related field.
Certified Public Accountant (CPA) or Chartered Accountant (CA) designation is preferred.


Experience:
7 - 10 years of relevant experience in SOX compliance, internal audit, or risk management, preferably in the insurance industry.
Proven track record of leading and implementing successful SOX programs.
Strong understanding of Indian accounting standards and regulatory requirements.
Skills:
Excellent leadership, communication, and interpersonal skills.
Strong analytical and problem-solving abilities.
Thorough knowledge of SOX regulations and compliance frameworks.
Experience with risk assessment methodologies and internal control design.
Proficiency in using SOX compliance software tools.

Additional Considerations (Optional):
Certifications such as CIA (Certified Internal Auditor) or CISA (Certified Information Systems Auditor) will be beneficial.