Senior Insurance Finance Specialist

2 days ago


Hubli, Karnataka, India beBeeFinance Full time ₹ 90,00,000 - ₹ 1,20,00,000
Insurance Finance Tester Job

We are looking for highly skilled finance testers to support a large-scale transformation programme in the insurance industry.

The role will focus on validating end-to-end financial processes, with a strong emphasis on penny testing, subledger reconciliation, and cash lifecycle testing (bank statement matching, AR/AP, treasury payments).

  • Develop and execute test cases for insurance-specific finance processes, including penny testing, subledger and GL reconciliation, bank statement matching, and treasury payments.
  • Test integrations between policy administration systems, claims systems, and the finance subledger to ensure end-to-end process accuracy.
  • Validate IFRS/UK GAAP postings and confirm accounting rules are correctly applied for premiums, claims, and reinsurance.
  • Perform data validation for high-volume insurance transactions and ensure data integrity across multiple source systems.

Key responsibilities include:

  • Validating financial processes, including penny testing, subledger reconciliation, and cash lifecycle testing.
  • Ensuring end-to-end process accuracy through testing integrations between policy administration systems, claims systems, and the finance subledger.
  • Validating IFRS/UK GAAP postings and confirming accounting rules are correctly applied for premiums, claims, and reinsurance.
  • Performing data validation for high-volume insurance transactions and ensuring data integrity across multiple source systems.
Requirements
  • 3+ years' experience in finance/ERP testing within the insurance or financial services sector.
  • Hands-on experience with penny testing, reconciliations, and cash management workflows.
  • Good understanding of insurance finance flows: premiums, claims, reinsurance, and bordereaux processing.
  • Knowledge of subledger posting logic, chart of accounts, and financial controls.
  • Strong Excel skills for reconciliation and data validation.
Preferred Qualifications
  • Experience with Workday Financials, SAP, Oracle Financials, or other insurance finance platforms.
  • Familiarity with policy administration systems and claims systems.


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