Analyst - Premium Administration

Job Description

About Aptia Founded to shape the future of pensions, health, and insurance solutions, Aptia is a leading professional services firm dedicated to simplifying complexity for businesses and individuals. We bring together cutting-edge technology and deep industry expertise to help organisations navigate an evolving landscape with clarity and confidence. With a presence in the US, UK, India, and Portugal, we support over six million people and more than 1,100 clients, delivering solutions that drive efficiency, enhance financial security, and provide peace of mind. Our strength lies in the combination of smart technology and expert teams, ensuring that managing pensions, health, and insurance is more effective. By focusing on innovation, accessibility, and client success, we help businesses take care of their people, so they can focus on what they do best. And we are expanding. Aptia Group is not only fueled by our investors backing but also by our commitment to foster the growth and success of our people. At Aptia, were investing heavily in learning and development, paving unique career paths for our colleagues. Specialist. Responsive. Thoughtful. Our values arent just words; they are the backbone of our business. Our team embodies our values daily, to surpass client expectations, evolve constantly and nurture genuine relationships for the long-term. Job requirements Job Description: Finance Business Analyst Job Title: Associate - Premium Processing Department: Finance Reports To: Team Lead Location: Mumbai Job Overview We are seeking a detail-oriented and analytically minded Team Lead - Premium Processing to join our finance team. This colleague will play a key role in providing support for finance operational processes. The ideal candidate will have strong quantitative skills, proficiency in financial software, and a deep understanding of financial and accounting principles. Key Responsibilities Management of the US fiduciary bank account balances and activities. Bank reconciliation of fiduciary accounts including identifying, investigating and resolving any reconciliation issues. Wrong pocket - identifying and returning any wrong pocket items received in the fiduciary account. Develop, Design and Implement end-to-end escheatment process. Manage the escheatment process for the fiduciary account receipts ensuring all state regulations are complied with. Process refunds ensuring support and signoff complies with Group policies. Manage and reconcile fiduciary liability accounts in D365 with supporting subledgers in Certifi. Ensure commission revenue relating to fiduciary accounts is recognised accurately and timely in the GL. Identify and recommend process improvements that maximize efficiency and minimize risk. Ensure compliance with financial regulations and standards, internal controls and financial procedures. Ensure accuracy and integrity of financial information. Gather, organize, and analyze large volumes of data. Reconcile commissions for the Active & Retiree US Health Business Qualifications Education: Bachelor s degree in Finance, Accounting, Economics, or related field. MBA or relevant certification (e.g., CFA, CPA) is a plus. Experience: 4-6 years of experience in financial analysis, accounting, or a related field. Skills: Proficiency in Microsoft Excel and financial software (e.g., SAP, Oracle, QuickBooks, D365). Excellent communication and presentation skills. Ability to work independently and as part of a team. Strong analytical and problem-solving skills working with and analysing large volumes of data Excellent levels of accuracy and attention to detail to ensure integrity of financial information. Other Requirements: Understanding of financial/accounting regulations and compliance. Ability to manage multiple projects and meet deadlines.