AM- Finance (GL Accounting)

Bandhan Life Insurance Limited

Posted: 2 months ago
Openings: 10
Applicants: 0

Job Description

Key Focus areas:

Ensuringadequate checks and controls over accounting of Life Insurance technicalaccounts like Premium, Commission, Benefits paid, Reinsurance, Policy Loan and Unclaimedamount to Policyholders.

Monitoringthe entry flow from source systems to the Financial accounting system, Oracle,and follow up on errors with the relevant stake holders.

Ensuretimely closure of month end activities including reconciliation and resolutionof open items pertaining to various Control accounts in General Ledger.

Reconciliation of policy wisebenefits paid like claims, surrenders, maturities, survival benefits etc as perfinancial records to those maintained by Operation team along with thepreparation of schedule showing the movement (opening, newly accounted, paidand closing balance) in these benefits paid in a quarter.

The balances as per the CommissionAdministration system need to be reconciled with the financial system monthlyand resolve the same. Schedules Distributor wise payable balances along withthe ageing to be prepared at month end and follow-up with operation for closureof ageing more than 90 days.

The suspense balances on a policywise basis as per financial records to be reconciled with the policyadministration system on a regular basis. Differences need to be taken up withOperations and IT for resolution.

Assist in timely testing ofnew products/old product retesting from systems & accounting (complete Endto End) perspective so as to enable the sales launch effectively. Documentingthe test cases and results

ActiveSupport in closure of Audits of above treasury operations and accounting area.

Assistin data preparation for IRDA reporting requirement.

Qualifications & Competencies:

CAFresher with articleship experience in a mid size audit firm handling audit andaccounting of BFSI clients o

Goodknowledge of Accounting Standards.

Strongoral and written communication skills and be able to manage key stakeholderrelationships

acrossthe organization

Abilityto take ownership and deliver within scheduled timelines

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