Fynehand Consultants Reviews by Employees

Key Responsibilities 1. Core Finance Function - Financial Accounting & Reporting - Prepare statutory financial statements, maintain ledgers, generate MIS. - Regulatory Compliance - File IRDAI returns, ensure compliance with Companies Act, Income Tax, and GST; manage audits. - Accounts Payable & Receivable - Process vendor payments, reconcile premium receivables, track ageing. - Reinsurance Accounting - Manage ceded premiums and recoveries, reconcile balances, monitor treaties. - Claims Payment & Reserving - Provision for IBNR/IBNER, coordinate with actuaries, ensure timely settlements. - Taxation - Handle direct tax filings, GST compliance, transfer pricing, and withholding tax. - Internal Controls & Risk Management - Implement IFC, develop fraud prevention measures, support risk management. 2. Requirements Management & Project Delivery - Collaborate with Finance teams to identify process gaps and automation opportunities. - Document business requirements, functional specifications, and process flows. - Validate IT deliverables against agreed requirements prior to deployment. - Participate in finance-related IT projects, including ERP implementations and core finance module upgrades. - Track project progress, manage timelines, and ensure effective stakeholder communication. - Support User Acceptance Testing (UAT) and secure necessary approvals before go-live. 3. System Support & Incident Management - Handle escalations from Finance users for core insurance systems, ERP, and finance applications. - Liaise with IT support teams/vendors for timely resolution. - Monitor recurring issues and implement preventive measures. 4. Compliance & Audit Support - Ensure finance-related IT systems comply with IRDAI, IFRS, and local regulatory requirements. - Collaborate with IT on audit queries related to financial data and system controls. 5. Business & IT Liaison - Serve as the primary bridge between Finance and IT teams for technology-related requirements. - Translate finance processes in insurance (e.g., premium accounting, claims payments, reinsurance accounting, financial reporting, float management, payment reconciliation) into detailed IT requirements. - Coordinate system enhancements, defect fixes, and upgrades impacting finance modules. Profile Requirements: Education & Experience: - Graduate/Postgraduate in commerce, Insurance, Finance, or related field. - Experience in Indian General Insurance, preferred Key Skills: - Strong domain expertise in Finance and Regulatory compliance. - Proficiency in requirement gathering, BRD/FRD documentation, and process mapping. - Excellent communication, analytical, and stakeholder management skills. Tools & Platforms: - Familiarity with accounting systems (Oracle finance, SAP, Sun system) preferred. - Experience with MS office (Word, Excel, Powerpoint). - Working knowledge of IRDAI regulations, GST, and Indian accounting standards.

Mumbai

Lead - Finance - Insurance 

Job Description for Lead - Finance - Insurance  in FyneHand in  Mumbai for (4-8) years of experience. Apply Now!