Assistant Manager Accounts & Finance

Qualifications and Skills:

Education:

• Bachelors degree in Commerce, Accounting, or Finance.
• Masters in Commerce, CA Inter

Experience:

• 47 years of experience in accounting and finance roles.
• Experience in the insurance broking or financial services industry is preferred.

Skills:

• Strong understanding of accounting principles and financial reporting.
• Proficiency in Tally, MS Excel, and other accounting/ERP software.
• Working knowledge of taxation and statutory compliance.
• Familiarity with IRDAI regulations and insurance industry practices.
• Strong analytical, communication, and organizational skills.
• Ability to work under pressure and meet deadlines.

Job Purpose:

To support and manage the financial operations of the insurance broking firm by handling day-to-day accounting, financial reporting, finalisation of accounts, statutory compliance, and ensuring timely reconciliations and reporting in accordance with regulatory and internal standards.

Key Responsibilities:

Accounting & Bookkeeping:

• Maintain accurate and up-to-date books of accounts, including general ledger, payables, receivables, and journal entries.
• Reconcile client accounts, insurer accounts, and bank accounts regularly.
• Oversee premium collections, commission tracking, and ensure proper recording of transactions.
• Manage inter-branch or inter-company accounting if applicable.

Accounts Finalization:

• Lead the month-end and year-end closing processes.
• Prepare and finalize trial balance, profit & loss account, and balance sheet.
• Ensure appropriate provisioning, accruals, and adjustments during closing periods.
• Coordinate with statutory auditors and ensure timely finalization of financial statements as per applicable accounting standards.
• Maintain fixed asset register and ensure proper depreciation accounting.

Financial Reporting:

• Prepare monthly, quarterly, and annual financial reports for management and regulatory bodies.
• Assist in variance analysis, budgeting, and forecasting exercises.
• Provide timely and accurate MIS reports to senior management.

Statutory & Regulatory Compliance:

• Ensure compliance with all statutory filings such as GST, TDS, income tax, and professional tax.
• Prepare documentation and schedules for audits (statutory, internal, IRDAI).
• Ensure compliance with IRDAI regulations applicable to insurance brokers.

Operational Finance:

• Process vendor payments, employee reimbursements, and operational disbursements.
• Monitor daily cash flow and fund requirements.
• Liaise with banks and financial institutions as needed.

Controls & Documentation:

• Maintain strong internal controls and processes for financial transactions.
• Ensure timely documentation, filing, and record maintenance for audit and regulatory purposes.