DealsoyeDeals - Manager - Treasury Management/Payables/Financial Reporting & MIS - General Insurance

Treasury Management/Payables/Financial Reporting & MIS ( only from General Insurance only apply)

- Ensure compliance with all established policies and procedures within the Finance & accounting, compliance with Corporate and other laws of the country applicable to Insurance companies

- Institute checks and controls within the business accounting system to minimize risk from errors

- Ensure accurate and timely accounting of all transactions in compliance with applicable Accounting standards.

- Support the budgeting process throughout the company by collating departmental budgets and monitor compliance with budgets and report variances to the Manager

- Establish an effective and efficient system of management information system and report to the Management on the Company's performance, in order to aid strategic and operational Decision-making.

- Liaise with Statutory audits, internal audits and other concerned parties in a matter relating to the Finance & Accounting.

- Ensure completion of statutory audits, declaration of financial results, tax assessments, Statutory returns within standard time norms and ensure speedy closure of an issue

- Highlighted in the audits.

Key Responsibilities - 

- Customer Account Management

- Good client relations by ensuring timely reconciliation and payment of dues on time with Zero reconciliation difference.

- Ensuring claim payments on time.

Financial Performance - 

- Preparation on monthly Financials and MIS as required by Management for review.

- Preparation of quarterly financials as per requirement of Muscat security Market for SAOG companies.

- Preparing schedules for yearend closing of financials and tax schedules.

- Preparation of Ministerial Accounts end of the year along with the schedule forming part of the report.

- Liaison with Internal and external auditors with reports and schedules as required.

- Overall responsibility for handing Reinsurance accounts for proportional, non-proportional and XOL treaty including payment and collection process.

- Sending monthly statements to all Reinsures and ensure smooth reconciliation with Zero difference. Minimum Work Experience

Improvement - 

- Ensuring cost minimization and adherence of Budgeted expenses and monitoring the same to ensure actuals remain within budget.

People - 

- Maintaining excellent peer relationships within the dept and within the organization to achieve the targeted results on time.

Other Commercial Activities

Responsibility for - 

- Garage payments.

- OT/TP payments claim payments.

- Sundry creditor's payment.

- Utility bill payments.

- Overall Responsible for overall bank reconciliation of all collections and payments, control of stale cheques operation.

- Refund of premiums.

- Reconciliation of smart card account and credit card account.

Minimum Academic / Professional Qualification:

- Graduate/post graduate in Finance.

- Professional qualification like CA/ICWA/ACCA or equivalent.

Minimum Work Experience :

- Minimum of six years- work experience in similar position in reputed insurance Companies.

Skills & Competencies Required:

- Excellent communication skill and soft skills.

- Advance knowledge of MS office and Excel.