Manager Finance
- MetLife
- 5 to 7 Yrs
- Mumbai
- 4 years ago
- Email to a friend
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Job Description
JOB DESCRIPTION
Position:
Manager
Location:
Mumbai - Goregaon
Department:
Finance
Function:
Finance
Reporting to:
General Manager
Band:
12M
Key Responsibilities:
Roles & Responsibilities / KRA:
1) Insurance Pay-outs, Reinsurance Pay-outs, Revenue Accounting & Reconciliation.
Follow the process of BAU accounting, month-end & post month end activities in Revenue Accounting, Insurance Pay-outs, Reinsurance Pay-outs & Reconciliations.
There should not be any recon open items more than 90 days & items above 90 days to be closed.
There should be proper analysis and reasoning for the items open in the reconciliation.
Analytical review of Revenue accounts and month on month variance account analysis
2) Good governance of Policy admin system (i.e. Life Asia and Group Asia) & Stakeholder management.
Finding all the issues that occur while performing B.A.U. activities in Group Asia & Life Asia and highlighting the same to IT for resolution.
Zero tolerance for revenue leakages.
Managing stakeholders inclusive but not limited to - CDOPs, Sales Project Team, Operations, etc.
3) Process Control, Documentation of SOPs & maintenance of timelines
Maintaining proper SOPs for process control for Insurance Pay-outs, Reinsurance & Revenue Accounting.
Ensuring effectiveness of RCMs for Insurance Pay-outs, Reinsurance & Revenue Accounting.
Effective management of work within timelines
Monitoring of 40A compliance on monthly basis and ensure the pay-out is not exceeding the IRDA limit.
4) Ad- hoc Reconciliation & Statutory & Regulatory Reporting:
Facilitating and closure of ad-hoc reconciliation with CDOPs, Policy admin database, etc.
Completion of Statutory Reports,
Completion of Regulatory Reports
Timely submission of Schedule V Report and Recon of Schedule VIA & VIB
5) Managing Statutory & Internal Audit, IFC, IRDA and resolution of Audit queries:
Providing required data to the auditors for conducting audit.
Closure of all audit requirements.
Resolution of audit queries.
6) Facilitating in the automation of Revenue Activities.
Automation of revenue month end activities.
Automation of Post month end & B.A.U. Activities.
Required qualifications and experience:
Qualification: B com graduate / Post Graduate in finance & Accountancy
Preferred Experience: 5/7+ years in Life Insurance industry with relevant experience in Revenue / Technical accounting
Good at technical knowledge in SQL / Java / MS access language
Good Communication skills and able to convince the counterpart within Finance and Operation team
Excellent Analytical skills/ Logical Skills with eye for details
Quick learner with an ability to work in high pressure environment with challenging deadlines.
Knowledge and skills desired:
Knowledge of Life Insurance process i.e. Premium, commission, claim cycle.
Reasonable command on Power point- Must know built-up & formatting of PPTs
Project management skills would be an added advantage
Employement Category:
Employement Type: Full timeIndustry: Banking / Financial ServicesRole Category: Finance / Accounts / TaxFunctional Area: Not ApplicableRole/Responsibilies: Manager FinanceContact Details:
Company: Pnb Metlife IndiaLocation(s): Mumbai
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PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company ...
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