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2-7 years
₹ 11 - 13L/yr
Mumbai
1 vacancy
Finance Officer - Reporting and Compliance (CA Preferred)
AFIA Insurance Brokerage Services
posted 10hr ago
Fixed timing
Key skills for the job
Key Responsibilities
Financial Reporting: Assist in preparing financial reports, budgets, and forecasts to support decision-making.
Audit Support: Support audits and provide necessary financial analysis as required.
Compliance: Ensure compliance with financial regulations and internal policies.
Settlement of Discrepancy Commission
Business Plan Analysis: Study and analyze business plans with major underwriters, focusing on commission structures, additional commission, and clawback based on specific criteria.
Commission Audits: Perform audits of commissions, additional commissions, and commission clawbacks to ensure accuracy and compliance.
Policy Audits: Conduct internal audits of policies issued monthly from major underwriters, as well as summary audits of policies issued from all underwriters.
ESCROW Management: Maintain and manage ESCROW calculations and balances, ensuring accuracy and compliance.
RAK Commission Transfers: Calculate and prepare daily RAK commission transfers, ensuring correct processing.
Month-End Settlements: Settle month-end refunds and cancellations from ESCROW transfers, ensuring proper documentation and accuracy.
Policy Invoicing Corrections: Identify and inform the invoicing team of mistakes in recording policies, identified during audits and ESCROW transfers, and follow up to ensure corrections are made.
RST Communication: Coordinate and communicate with RST teams regarding settlements, ensuring all parties are aligned and discrepancies are addressed promptly.
Financial Transactions: Process and record financial transactions, including invoices and payments.
Receivables Management: Follow up on outstanding receivables and ensure timely collection of payments.
Bank Reconciliations: Perform bank reconciliations regularly and ensure that all financial records are accurate and up-to-date.
Insurance Company Reconciliation: Reconcile accounts with insurance companies, ensuring all claims are processed and settled correctly.
Vendor and Supplier Reconciliation: Reconcile vendor and supplier accounts to ensure accuracy in payments and outstanding balances.
Compliance: Ensure compliance with financial regulations and internal policies.
Qualifications:
Bachelor's degree in Finance, Accounting, or a related field
Preferably a Chartered Accountant (CA)
Minimum 2 years of experience in a finance or accounting role
Proficiency in Microsoft Office Suite, particularly Excel
Familiarity with accounting software (e.g., QuickBooks, SAP, or similar)
Strong understanding of financial principles and practices
Excellent analytical and problem-solving skills
Attention to detail and accuracy
Strong organizational and time management skills
Good communication and interpersonal skills
Ability to work independently and as part of a team
How to Apply:
Please send your resume and portfolio to careers@insurancemarket.ae with 'Finance Officer' in the subject line.
Employment Type: Full Time, Permanent
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2-7 Yrs
₹ 11 - 13L/yr
Mumbai