Verified Job
Accounting - Finance
Manager Finance amp Accounts
Accounting - Finance
#308386
Remote / WFH
Job Description
The person will be responsible for up to date maintaining of books of accounts and preparation of financial statements. The person needs to be vigilant in exercising the duties and responsibilities.
Responsibilities
• Preparation of Financial Statements as per the PFRDA including Revenue Account, Profit & Loss A/c, and Balance Sheet, accurately and timely. Passing of monthly closing related entries in SAP.
• Preparation of regulatory Financial results (and related disclosures) on a quarterly basis with accuracy.
• Analysis of movement in Financial items including PFM Fees, POP charges and Investment income, etc, and preparation of MIS and presentation on a monthly basis. Presentation of Financial presentations to the Management.
• Efficiently handling requirements of statutory auditors and ensuring timely closure with minimum observation. Preparation of reports for audit purposes.
• Review of Balance Sheet items and aging analysis.
• Assist in the preparation of Annual reports and other quarterly deliverables.
• Ensuring Vendor Payment minimum TAT of ++% of the invoices within 3 days of receipt.
• Ensuring correct GL code, vendor code, cost element, and cost center accounting.
• Ensuring that for bills processed, agreement/PO, supporting & approvals as per matrix are in place for 100% of the invoices processed on a daily basis.
• Ensuring no double payment in vendor payouts and ensuring accurate, updated Vendor Master Management.
• No dues certificates for Vendor accounts on a periodic basis in coordination with respective departments.
• Ageing reports submission as required(Deposits, Sundry Creditors etc).
• Ensure planning for completion of monthly closing in a smooth and planned manner.
• Maintenance and Control activities of Payment accounting related to HPMC.
• Timely submission of various reports as required by the concerned team.
• Coordinate and close on banking-related activities.
• Coordinating and Monitoring the quarterly audit requirements as per the deliverables.
• Identification of areas that can be automated and action on the same.
• Identification of processes that can be moved to Business Process Management tool & Coordinating for confirmation of BPM processes during renewals.
Qualifications/Requirements
• CA - Qualified with 2-4 years experience in financial reporting, preferably in insurance industry
• Experience in Finance
• Understanding of Insurance business
• Able to meet timelines, and handle work independently as well as a team member
• Able to present to the management
• Having sound knowledge of accounting standards and its application
• Desirable to have good domain knowledge including IRDA accounting regulations and IRDA reporting requirements related to finance
• Should have ability and willingness to learn and be dependable
• Preferred to have knowledge of Ind AS /US GAAP
Responsibilities
• Preparation of Financial Statements as per the PFRDA including Revenue Account, Profit & Loss A/c, and Balance Sheet, accurately and timely. Passing of monthly closing related entries in SAP.
• Preparation of regulatory Financial results (and related disclosures) on a quarterly basis with accuracy.
• Analysis of movement in Financial items including PFM Fees, POP charges and Investment income, etc, and preparation of MIS and presentation on a monthly basis. Presentation of Financial presentations to the Management.
• Efficiently handling requirements of statutory auditors and ensuring timely closure with minimum observation. Preparation of reports for audit purposes.
• Review of Balance Sheet items and aging analysis.
• Assist in the preparation of Annual reports and other quarterly deliverables.
• Ensuring Vendor Payment minimum TAT of ++% of the invoices within 3 days of receipt.
• Ensuring correct GL code, vendor code, cost element, and cost center accounting.
• Ensuring that for bills processed, agreement/PO, supporting & approvals as per matrix are in place for 100% of the invoices processed on a daily basis.
• Ensuring no double payment in vendor payouts and ensuring accurate, updated Vendor Master Management.
• No dues certificates for Vendor accounts on a periodic basis in coordination with respective departments.
• Ageing reports submission as required(Deposits, Sundry Creditors etc).
• Ensure planning for completion of monthly closing in a smooth and planned manner.
• Maintenance and Control activities of Payment accounting related to HPMC.
• Timely submission of various reports as required by the concerned team.
• Coordinate and close on banking-related activities.
• Coordinating and Monitoring the quarterly audit requirements as per the deliverables.
• Identification of areas that can be automated and action on the same.
• Identification of processes that can be moved to Business Process Management tool & Coordinating for confirmation of BPM processes during renewals.
Qualifications/Requirements
• CA - Qualified with 2-4 years experience in financial reporting, preferably in insurance industry
• Experience in Finance
• Understanding of Insurance business
• Able to meet timelines, and handle work independently as well as a team member
• Able to present to the management
• Having sound knowledge of accounting standards and its application
• Desirable to have good domain knowledge including IRDA accounting regulations and IRDA reporting requirements related to finance
• Should have ability and willingness to learn and be dependable
• Preferred to have knowledge of Ind AS /US GAAP
