
Manager| F&A| Insurance Broker Accounting| 8+yrs| Hybrid| Mumbai
5 days ago
Role : Manager IBA (Insurance Broker Accounting)
Location : Mumbai
Shift : 12PM to 9PM or 1PM to 10PM
Work model : Hybrid (5 days a month)
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*IMMEDIATE JOINERS ALERT*
We're looking for candidates who can *join immediately*.
If you're available, please *send your CV via WhatsApp only* to: * *
Please note: *No calls* will be entertained.
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Job Description:
Position Summary
- Seeking a candidate with at least 2 years of experience as an IBA (Insurance Broker Accounting)Manager and an additional 4 years of experience as an Assistant Manager before the current role.
- Managed minimum span of control 50 at Manager level
- Ensuring compliance with the accounting standards and regulations knowledge about UK Insurance Market and optional Bureau Market
- Highly knowledgeable in the broad spectrum of accountancy accounting practices
Primary Responsibilities
Ensuring team is:
Reconciling and reviewing Insurer Accounts, Claims and Bureau Accounts as per policy
Performing month end activities e.g. meeting the targets and SLAs
Review and investigate reconciliation variances
Management and clearing of Open items, including timely communication to stakeholders
Prepare/Approve Reporting in line with onshore and Firm requirements
- Conduct regular calibration and refresher sessions
Additional Responsibilities
- Make sure process essential documents are up to date - SOP, Training Gantt and manuals, Error Log and other relevant documents
- Review Training need analysis both process and non-process related
- Foster Innovation and automation mindset within team, driving continuous improvements - Process efficiencies, Automation, best practices implementation
- Upskill team process knowledge and resolve process related queries
- Ensure financial integrity and timely monthly and year end close processes
- Partner with stakeholders across Divisional Financial Operations to improve financial and accounting accuracy
- Review and investigate reconciliation variances, assisting management to develop appropriate action plans addressing issues identified
- Provide support for internal and external audits including control walkthroughs, documentation support and inquiry response
- Manage multiple projects simultaneously and coordinate cross-functionally to meet strict project execution deadlines
- Drive on-time, accurate & quality service delivery within agreed upon SLAs for assigned processes
Skills and Competencies
- Good working knowledge of accounting standards, account reconciliations and month end close experience
- Knowledge of the insurance brokerage business (Mandatory)
- Experience in Accounts / Audit / Preparation and Consolidation of Financial Statements
- Proficiency with Excel and Access including links, macros, database development and forms (non- mandatory)
- Proficient computer, financial data, internal consulting and customer-focused communication and presentation skills
- High level of attention to detail
- Excellent Communication
- Leadership skills and ability to work with various teams; should be able to forge meaningful and well-established relationships with various stakeholders
- Must possess analytical skills. Responsible for advanced problem solving and must filter, prioritize, analyze and validate information
- Overseas transition experience would be beneficial though not mandatory
Minimum Qualifications
- Education Major B Com, M Com, BBA/MBA in Finance
- Degree Bachelor Master
- Licenses/Certificates
Work Experience
- Minimum 8 years
Remarks
Since it is a requirement in the UK, shifts will be in the afternoon reflecting UK working hours and holidays will be as per UK Bank Holiday. Candidate should preferably residing in Mumbai
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