Manager| F&A| IBC or Credit control | 8+yrs| Hybrid| Mumbai

Role : Manager IBA (Insurance Broker Accounting)

Location : Mumbai

Shift : 12PM to 9PM or 1PM to 10PM

Work model : Hybrid (5 days a month)

Must Have : IBC (Insurance Brokerage Company or Credit control )with Insurance background working with UK client

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Position Summary

• Seeking a candidate with at least 2 years of experience as an IBA (Insurance Broker Accounting)Manager and an additional 4 years of experience as an Assistant Manager before the current role.
• Managed minimum span of control 50 at Manager level
• Ensuring compliance with the accounting standards and regulations knowledge about UK Insurance Market and optional Bureau Market
• Highly knowledgeable in the broad spectrum of accountancy accounting practices

Primary Responsibilities

• Ensuring team is:

- Reconciling and reviewing Insurer Accounts, Claims and Bureau Accounts as per policy

- Performing month end activities e.g. meeting the targets and SLAs

- Review and investigate reconciliation variances

- Management and clearing of Open items, including timely communication to stakeholders

• Prepare/Approve Reporting in line with onshore and Firm requirements
• Conduct regular calibration and refresher sessions

Additional Responsibilities

• Make sure process essential documents are up to date - SOP, Training Gantt and manuals, Error Log and other relevant documents
• Review Training need analysis both process and non-process related
• Foster Innovation and automation mindset within team, driving continuous improvements - Process efficiencies, Automation, best practices implementation
• Upskill team process knowledge and resolve process related queries
• Ensure financial integrity and timely monthly and year end close processes
• Partner with stakeholders across Divisional Financial Operations to improve financial and accounting accuracy
• Review and investigate reconciliation variances, assisting management to develop appropriate action plans addressing issues identified
• Provide support for internal and external audits including control walkthroughs, documentation support and inquiry response
• Manage multiple projects simultaneously and coordinate cross-functionally to meet strict project execution deadlines
• Drive on-time, accurate & quality service delivery within agreed upon SLAs for assigned processes

Skills and Competencies

• Good working knowledge of accounting standards, account reconciliations and month end close experience
• Knowledge of the insurance brokerage business (Mandatory)
• Experience in Accounts / Audit / Preparation and Consolidation of Financial Statements
• Proficiency with Excel and Access including links, macros, database development and forms (non- mandatory)
• Proficient computer, financial data, internal consulting and customer-focused communication and presentation skills
• High level of attention to detail
• Excellent Communication
• Leadership skills and ability to work with various teams; should be able to forge meaningful and well-established relationships with various stakeholders
• Must possess analytical skills. Responsible for advanced problem solving and must filter, prioritize, analyze and validate information
• Overseas transition experience would be beneficial though not mandatory

Minimum Qualifications

• Education Major B Com, M Com, BBA/MBA in Finance
• Degree Bachelor Master
• Licenses/Certificates

Work Experience

• Minimum 8 years

Remarks

Since it is a requirement in the UK, shifts will be in the afternoon reflecting UK working hours and holidays will be as per UK Bank Holiday. Candidate should preferably residing in Mumbai