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| Job Location | Mumbai City |
| Education | Not Mentioned |
| Salary | Rs 2.0 - 3.5 Lakh/Yr |
| Industry | Insurance |
| Functional Area | Finance / Accounts / Tax |
| EmploymentType | Full-time |
JOB DESCRIPTIONContext & Role: Role:a) Daily insurance accounting including commission payouts and reconciliationb) Commission payout processing and TAT Managementc) Co-ordinating with various functions for month-end provisions and ensure that the month-end activities are closed within the timelinesd) Reconciliation of balance sheet accounts related to revenuee) Account code mapping in policy admin system and financial softwaref) Daily TB recon between policy admin system and financial systemg) Work towards strengthening the controls over the commission payout processh) Co-ordinating for STAT audit(Half yearly and Annual), Internal audit, compliance requirements and IRDA inspection related requirementsKey Responsibilities:a) Month end activities timely and accurate month-end closure of revenue accountingb) Monitoring and control on all balance sheet items reconciliation and review of Receivables and payable related to revenue, commissionc) Process improvements and Automation of activitiesd) Handling of Internal Audit, Statutory audit and IRDA inspection.Measures of Performance:Performance measured on quarterly basis for the points mentioned in Key ResponsibilityDesired qualifications and experience :Qualification: B.com4 to 5 years in finance with 1 to 2 years experience in Life Asia and Group Asia background and person with experience in Insurance industry and knowledge of SUN accounting software is preferable.Knowledge and skills required :MIS reporting activities along with good verbal and written communication skillsOther skillsPerson with experience in Insurance industry and knowledge of SUN accounting software is preferable.Preferable Age in the range of within 25 to 28
Keyskills :
financeaccounting softwarecontextinternal auditclosuremissuninsurance accountingwritten communicationfinancial justificationirdarevenue accountingbalance sheetbalancecontrolstatutory auditcommunication skillsstatmis reportingtat