Assistant Manager - Insurance/Brokerage Accounting

Description:

We are hiring for our large insurance brokerage client.

Looking for someone with more than 7 years of experience in insurance/brokerage accounting, Revenue & Brokerage Reconciliations/invoicing etc.

ESSENTIAL RESPONSIBILITIES:

- Manage & enhance books of accounts, validate ledger entries and perform matching exercise on daily basis.

- Perform regular audits - reconciliations for brokerage and accounts receivable, resolving discrepancies, establish clear guidance for clearance, always ensure compliance per financial standards.

- Create, verify, and issue invoices, coordinate with clients & insurers for timely payments, and maintain organized invoicing records.

- Suggest and implement improvements to accounting processes for enhanced efficiency and accuracy.

- Collaborate with internal teams, communicate with clients, work with underwriters, and liaise with regulatory bodies to ensure smooth operations and compliance.

- Assist in preparing financial reports, analyze financial data, and support audits with necessary documentation.

- Coordinate closely with brokers to ensure smooth processing of all transactions, maintaining clear communication and addressing issues promptly.

- Ability to think critically and make sound judgments based on the evidence presented.

COMPETENCIES:

- Technical Expertise: Holds Technical Expertise in MS Excel basic and advanced formula for reporting purpose.

- Critical Thinking: Ability to think critically and make sound judgments based on the evidence presented.

- Process Understanding: Understanding of best practices in business processes and quality assurance.

- Teamwork: Ability to work independently and as part of a team to achieve quality and compliance objectives.

- Continuous Learning: Willingness to continuously learn and develop new skills to enhance audit effectiveness.

EDUCATION AND EXPERIENCE:

- Minimum Required Degree: Graduate

- More than 7 years of experience in Brokerage reconciliation, brokerage invoicing, and reward reconciliation in an Indian Insurance/broking firm.