Finance Test Manager

Finance Test Manager

1. Position Overview

The Finance Test Manager will lead testing across insurance finance applications and interfaces, with particular emphasis on commercial lines. This role ensures end-to-end data integrity, financial correctness, and regulatory/commercial reporting readiness. The incumbent will own the testing strategy for policy accounting, pricing and rating interfaces, actuarial data exchange, billing and revenue recognition, and the integration of insurance systems with SAP/GL and other finance platforms. They will oversee API, data migration, and data-flow validation across multi-system ecosystems (e.g., Guidewire, SAP, billing engines, subledger systems), and will ensure proper data lineage, transformation accuracy, and control-driven test execution in a compliant, auditable manner.

• Own the overall test strategy, plan, and governance for finance-related software in a commercial insurance environment.
• Ensure testing covers IFRS17/GAAP financial reporting implications, premium recognition, unearned premium reserve (UPR), commissions, reinsurance postings, and reserves impacting the general ledger.
• Manage and grow a testing capability that spans functional, integration, data migration, API, performance, security, and user acceptance testing.
• Lead cross-functional collaboration with Actuarial, Pricing, Underwriting, Finance (SAP/ERP), IT Architecture, Data Management, and Compliance functions.
• Drive automation, data quality, and data governance practices to facilitate reliable financial reporting and audit readiness.

2. Responsibilities / Job Description

Testing Strategy, Governance & Stakeholder Alignment

• Own end-to-end testing strategy for the insurance finance ecosystem (policy admin, pricing/rating, billing, commissions, reinsurance interfaces, SAP/GL/subledger).
• Translate finance, IFRS17/GAAP and regulatory requirements into test plans, acceptance criteria, and quality gates; set risk-based testing priorities.

Financial Applications & Data Flow Validation

• Validate policy accounting, premium recognition, UPR, commissions, refunds, and reinsurance postings across core systems and finance interfaces.
• Ensure correct GL/subledger postings and data lineage, mapping, transformation, and reconciliation between insurance systems and finance reporting.
• Validate historic and incremental data migrations to finance data marts; ensure accuracy and auditability.

API & Integration Testing

• Plan and execute API testing across insurance-to-finance interfaces; validate payloads, transformations, and post-transaction reconciliations.
• Perform API contract testing and security validation (OAuth2, JWT, API Keys); test resilience for financial interfaces.
• Validate event-driven and batch processes feeding financial postings (Azure Service Bus, Event Grid, Kafka, etc.).

IFRS17/GAAP, Actuarial & Pricing Coverage

• Collaborate with Actuarial and Pricing to validate outputs used for financial measurement and revenue recognition.
• Validate IFRS17/GAAP models, contract boundaries, journal entries, and disclosures produced by finance systems; cover changes in pricing/terms.

Test Automation, Data Quality & Tooling

• Define and implement a robust automation strategy; develop reusable libraries and data-driven artifacts.
• Use API testing tools (Postman, REST Assured, Karate), SQL/NoSQL data validation, and schema validation; implement data masking and secure test data management.

CI/CD & Environment Management

• Integrate test automation with CI/CD pipelines; manage test environments and data refresh strategies; ensure traceability from requirements to tests to defects.

Quality Metrics, Audit Readiness & Reporting

• Define and track quality metrics (defect leakage, coverage, automation ROI, data reconciliation success, regulatory readiness).
• Deliver auditable test artifacts and reporting for governance and regulatory audits; lead defect triage and root-cause analysis.

People, Risk & Stakeholder Management

• Lead and mentor the testing team; plan resources and skill development.
• Foster strong collaboration with Finance, Actuarial, IT Architecture, ERP, Data Management, and Compliance; manage risk and maintain risk registers.

Security, Compliance & Data Protection

• Ensure testing practices comply with data privacy and security requirements, support audit trails and governance of test artifacts.

3. Key Skills

Insurance Finance & Commercial Knowledge

• Policy lifecycle, billing, premium recognition, revenue streams, commissions, reserves, and claim-related financial impacts.
• IFRS17/GAAP implications for insurance contracts and financial reporting.
• Commercial lines processes, rating/pricing workflows, and actuarial input/output.

ERP and Finance Systems

• SAP FI/CO, SAP S/4HANA, GL/subledger hands-on experience; integrate with insurance systems.
• Subledger architectures, intercompany postings, and financial reporting tooling.
• Awareness of Oracle Financials or other ecosystems as SAP complements.

Core Insurance Systems

• Experience with Guidewire or similar policy admin and billing systems; data models feeding GL.
• Data models for policy, billing, and claims impacting the general ledger.

Data, APIs, and Integration

• API testing/automation: REST/SOAP, contract testing, security (OAuth2, JWT, TLS), API performance.
• Data validation and governance: JSON/XML schema validation; SQL/NoSQL checks; data lineage and transformation.
• Data integration patterns: ETL/ELT, data mapping between insurance and finance systems, data reconciliation.

Architecture, Messaging, and Event-Driven Systems

• Experience with Azure Service Bus, Event Grid, Kafka, RabbitMQ; message sequencing, idempotency, deduplication, retries, fault tolerance.
• How asynchronous processing affects financial postings and reporting.

Testing Tools and Techniques

• Test automation: Java, Python, or JavaScript; Rest Assured, Karate, Postman, SoapUI.
• Performance testing: JMeter, Gatling.
• Monitoring/logging: ELK, Azure Monitor, Application Insights; use correlation IDs for end-to-end tracing.
• Data management: SQL scripting for checks; schema validation; data quality tooling.

DevOps, Cloud, and Security

• CI/CD: Azure DevOps, Jenkins, GitHub Actions.
• Containerization: Docker.
• Secure test data handling and API security considerations.

Documentation and Collaboration Tools

• Jira, Confluence; strong written and presentation skills for strategy, plans, and audit artifacts.

4. Education and Certification

• Education: Bachelor’s degree in computer science, Information Systems, Finance, Accounting, Insurance or a related discipline. Master’s degree preferred.
• Experience: 10+ years in software quality assurance/testing in financial services or insurance industries; minimum 6+ years in insurance finance-related testing or ERP integration testing.
• Certifications: ISTQB Advanced or equivalent; SAP Testing Certification or IFRS 17 training; Agile/Scrum certification desirable, III (Associate or Fellowship) or equivalent in General Insurance.
• Demonstrated experience: leading major testing/digital transformation initiatives across multi-system environments (insurance core systems, pricing, actuaries, billing, and SAP/ERP).