Insurance Finance, Reinsurance and Investment Control — Interim Head

The mandate

The interim head of finance will occupy a delegated functional seat with responsibility for insurance financial reporting, reinsurance, investments and tax, without becoming the statutory CFO by implication. The immediate problem is to prevent individually reconciled schedules from producing a financial position that nobody has challenged as a whole.

The assignment begins on 19 October 2026 and covers nine months. A permanent finance-head search is expected to conclude during the middle of the term, allowing an observed reporting cycle and investment-control walkthrough before transition. Mumbai attendance is required for close and governance meetings; remote preparation is available when access permissions and sponsor availability permit it.

Successful handover requires aged reinsurance items to have evidenced dispositions, investment cash movements to reconcile to authorised instructions and reporting estimates to carry documented ownership. The successor must independently reproduce the premium-to-ledger bridge and identify material differences between commercial planning and accounting assumptions. Unresolved disputes remain visible with dates and escalation owners rather than being netted away.

The head may authorise reconciliations, direct existing finance staff and approve budgeted operational payments up to ₹15 lakh within dual-signature policy. Changes in reserving methodology, new investment instruments, regulatory submissions and settlements outside approved authority remain with the CFO or authorised committees. The role cannot change underwriting appetite, assume actuarial responsibility or hire permanent finance leaders.

Out of scope are product underwriting, claims adjudication and legal interpretation of disputed treaty terms. Specialists retain those accountabilities; finance must connect their evidence to the financial position. The proposed day-rate range covers five days weekly, with any extension approved against a specific remaining gap rather than an open-ended promise of continued cover.

What you will own

• Establish the reinsurance ageing decision register, separating timing differences, disputed recoverables and entries requiring contractual or actuarial interpretation, with evidence owners for each disposition.
• Approve a premium and commission close bridge that traces corrections to source evidence and prevents unsupported cross-period offsets from disguising recurring cutoff failures.
• Reconcile investment cash, holdings and authorised dealing instructions, escalating unexplained differences before they are absorbed into reporting adjustments or treated as immaterial routine breaks.
• Decide which finance exceptions need CFO intervention, applying documented materiality and persistence tests rather than forwarding every operational variance without an actionable recommendation.
• Integrate tax cash obligations into the insurance liquidity view, preserving the distinction between paid liabilities, uncertain positions and planning assumptions.
• Direct close preparation through named schedule owners and review gates, retaining actual review evidence rather than relying on checklist completion.
• Induct the permanent finance head using treaty-balance walkthroughs, controlled reporting replays and a signed map of retained CFO decisions, including unresolved specialist dependencies.

Candidate qualifications

• Demonstrate insurance finance-head, controller or equivalent responsibility involving reinsurance, investments and financial reporting. Supply a redacted example where a reconciliation issue altered executive judgement, explaining the personal decision and the specialist input needed. Identify the delegated treatment decision, CFO review and actuarial or treaty interpretation that supported the final disposition.
• Show insurance accounting capability connecting premiums, commissions, claims-related inputs and reinsurance balances to a controlled ledger close. Explain a material ageing item, why it remained unresolved and the evidence supporting its eventual treatment. Candidates must understand how actuarial estimates enter finance without pretending to own the actuarial conclusion themselves.
• Provide tax and treasury competence sufficient to identify cash and reporting interactions, with practical experience of approvals and investment-control segregation. Describe one exception caught between instruction, settlement and accounting. A professional finance qualification is desirable, but the essential evidence is disciplined decision-making within delegated limits and recognition of when independent interpretation is required.
• Substantiate team leadership through a reproducible close or control handover. Explain how work was allocated, which review remained with the CFO and how a successor learned unresolved treaty issues. Evidence eighteen years of relevant work through controlled review routines, escalation ownership and a successor's independent reconciliation of a new reinsurance or investment exception.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 14 October 2026. Mandate reference PCT-INT-2026-IND-22.