HIH - Accounting Senior Manager

Position Summary:

Cigna Investment Management (CIM) manages over $25 billion in assets on behalf of Cigna, a publicly traded global health services company. CIM’s assets are invested in public bonds, private placement securities, commercial mortgages, real estate equity, mezzanine debt, private equity, equity securities, warrants, commercial paper, certificates of deposit, municipal securities, mutual fund shares, United States government securities, options contracts on securities, futures contracts on intangibles, money market funds, derivatives, structured notes, exchange traded funds and hedge funds.

Evernorth is seeking a results-oriented and collaborative manager to support our growing Investment Accounting team at our Global Capability Center (GCC) location in Hyderabad. This critical role offers the opportunity to operationalize and execute accounting processes to ensure accuracy, timeliness, and compliance with global accounting policies. The ideal candidate will possess strong leadership skills, a solid foundation in US GAAP reporting, NAIC Statutory reporting, and a commitment to continuous improvement. This individual will actively participate in the transition of certain accounting functions to the GCC and subsequently manage the day-to-day performance of investment accounting operations at the GCC location. Additionally, the role will support process excellence, and ensure timely financial close and reporting.

Summary of Key Responsibilities:

• Team Support and Leadership: Support recruitment, training, and development of a talented accounting team. Motivate team members to achieve their full potential and deliver high-quality results.
• Change Management: Implement change initiatives to enhance team performance and efficiency. Foster a culture of adaptability and continuous improvement.
• Technical Expertise: Demonstrate a strong foundation in US GAAP and statutory insurance accounting. Ensure compliance with relevant policies and standards.
• Continuous Learning: Encourage ongoing learning and professional development within the team. Stay updated on developments in accounting practices and technologies.
• Operational Oversight: Manage the day-to-day operations of the accounting team, ensuring accuracy, efficiency, and timely delivery of accounting activities. Implement and maintain robust internal controls and processes.

Risk & Controls:

• Drive effective execution and documentation of accounting controls within GCC accounting functions.
• Strengthen internal controls to minimize risks and ensure compliance with company policies, SOX, and NAIC Model Audit Rule (if applicable).

Process Excellence:

• Ensure documentation of tasks, process workflows, and foundational artifacts necessary for effective process management and execution.
• Drive continuous improvement in accounting processes, leveraging automation and technology.
• Collaborate with Global Finance teams as well as other partners to streamline workflows and standardize processes.

Business Partnership:

• Maintain strong and productive engagement with US-based accounting and investment operations teams as well as investment operations team based in India.
• Provide accounting insights to support operational initiatives and decision-making.

Competencies / Skills:

• Leadership: Effective leadership skills with the ability to guide and support a team toward achieving common goals.
• Analytical Thinking: Ability to analyze financial data and provide insightful recommendations.
• Problem-Solving: Proactive approach to identifying and resolving issues efficiently and effectively.
• Communication: Excellent verbal and written communication skills, with the ability to convey complex information clearly and concisely.
• Adaptability: Flexibility to adapt to new challenges and changing environments.
• Technical Proficiency: Proficient in accounting software and tools, with a strong understanding of accounting operations, financial reporting, and internal controls.
• Attention to Detail: Demonstrates a strong grasp of accounting functions within GCC scope of responsibility as well as how they fit into the broader accounting function.
• Collaboration: Strong team player with the ability to work collaboratively with colleagues across different functions and locations. Ability to effectively navigate a highly matrixed organization.
• Business Partnership Mindset: Ability to influence and challenge constructively.
• Time Management: Effective time management skills with the ability to prioritize tasks and meet deadlines.

Qualifications:

• Bachelor’s degree in finance, Accounting, Economics, or a related field (MBA, CA, ICWA, CFA, or CPA preferred).
• 13 to 16 years of progressive experience in financial accounting, including at least 3 years in a leadership role.
• Proven experience in a managerial role within an accounting or finance function.
• Strong understanding of US GAAP reporting (required)
• Experience with NAIC statutory reporting (strongly preferred, not required).
• Experience in investment accounting (strongly preferred, not required).
• Excellent communication, interpersonal, and organizational skills.
• Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.
• Demonstrated ability to operationalize change and foster a culture of continuous improvement.
• Experience with ERP systems (SAP/Oracle/NetSuite) and reporting tools (Hyperion, Oracle EPM).
• Experience with Investment Accounting systems (Midland Enterprise!, YARDI, SS&C Singularity, State Street PAM) (preferred, not required).

Shift Timings: 2.30pm IST to 11.30pm IST (Hybrid)

About Evernorth Health Services