Assistant Manager - Finance & Account

Job Title:

Department:

Job Summary:

Accounts Payable, Accounts Receivable, and Banking Operations

Key Responsibilities:

Accounts Payable (AP):

• Process vendor invoices and ensure timely payments.
• Reconcile accounts payable transactions and resolve discrepancies.
• Maintain vendor master data and manage relationships with vendors.
• Monitor ageing of payables and generate periodic reports.
• Ensure compliance with internal controls and financial policies.

Accounts Receivable (AR):

• Raise and track customer invoices and premium receivables.
• Follow up with clients/brokers for collections.
• Perform reconciliation of receivables and customer accounts.
• Maintain accurate records of all receipts and outstanding amounts.
• Analyse AR ageing and prepare collection status reports.

Banking Operations:

• Manage day-to-day bank transactions, including fund transfers, deposits, and reconciliations.
• Coordinate with banks for account management, cheque handling, and fund movement.
• Reconcile bank statements with books of accounts.
• Ensure timely settlement of claims and commissions via banking channels.
• Monitor cash flows and support treasury operations.

Required Skills & Qualifications:

• Bachelor’s degree in Commerce, Finance, or related field (MBA/CA Inter preferred).
• 5+ years of relevant experience in insurance or financial services industry.
• Strong understanding of accounting principles and insurance financial operations.
• Hands-on experience with accounting software (e.g., Tally, SAP,).
• Proficiency in MS Excel and financial reporting tools.
• Excellent analytical, communication, and organizational skills.

Preferred Attributes:

• Familiarity with Insurance regulations and insurance accounting standards.
• Experience in handling statutory audits and compliance tasks.

Ability to work independently and manage multiple priorities.