Senior Manager - Finance - Life Insurance Company

Our Clients are a well-established Life Insurance Company. They are a joint venture between diversified financial services conglomerate in India and one of the oldest life insurance companies in the world. Headquartered at Mumbai.

Role: Senior Manager - Finance.

Reporting to: Vice President- Finance.

Purpose of the role:

Managing of daily bank deposits, funds movement, reconciliation, updating of records into the system and related MIS generation. Ensuring timely Customer Payments.

Role and responsibilities:

- As part of the Finance team, working closely with the Customer Service & Sales team for:

- Ensuring bank deposits are processed according to procedures at pan India locations.

- Liaison with the bank for various statements and updates as part of the process.

- Timely Reconciliation of Various bank accounts on a daily basis.

- Closure of exceptional/open recon items by coordinating with Bankers, Service Providers, and Operations team.

- Ensuring that all receipts/entries are created, posted timely in Oracle financial System.

- MIS updation with respect to CMS collections on a daily basis. Collections data match off between multiple systems.

- Recognizing risks in deposits at distant locations and putting into place controls and procedures to minimize these risks and ensure visibility.

- Understanding accounting and financial management information requirements, and assisting in the specification and delivery of accounting interfaces and financial processes.

- Control and maintenance of the daily bank balance information.

- Liaising with the banks, intra and inter-departments to define and agree to operational procedures, to define reporting, frequency and format to satisfy audit and control, regulatory, statutory and management reporting as required by the business.

Education Qualification:

- CA/MBA with Minimum 5 years- experience of banking and treasury function within a Life Insurance company.

- Candidate expected to have a sound knowledge of accounting and banking requirements relating to Cash Management Services.

Soft Skills :

- Strong interpersonal and communication skills.

- Strong numerical and analytical skills.

- Team player with proven ability to take ownership and deliver to tight deadlines.