Assistant Manager - Opex Management Job in Star Union Dai-ichi Life Insurance Company Limited

Assistant Manager - Opex Management - Finance and Accounts

Corporate Office

Job Objective

The role would require proper accounting and timely payouts within the TAT as defined by the company from time to time and all approvals are in place as per Delegation of Authority (DOA). If this is what you are doing already then lets meet up

Role Objectives.

1) The job mandates having a sound technical accounting background and ensure no violation in terms of tax compliance at the time of payouts

2) In addition to the same reconciliation of all associated accounts is one of the primary responsibility of this role. The role mandates preparation of schedules and supporting for submission to auditors (Statutory, IRDA, CAG) from an Opex management perspective

3) Ideate and add value to management decision making by providing inputs for MIS

Job Description

Timely processing and payment of Vendor Invoices - Head Office as per defined internal control

1. Getting vendor invoice booked with accuracy in correct GL code and cost centre on daily basis and ensuring compliance with SLA

2. Monitoring on TATs and ensuring the delivery is made within the agreed TAT

3. Closely working on queries raised by processing team and communication of the same to user. Ensure such queries get resolved on time. Managing escalations and route cause analysis of the same

4. Building effective internal control and documentation of the same for all the transactions which get processed. Ensure proper compliance of ICFR

5. Identify opportunities for improving the efficiency in the process and working on such process improvement

Expenses Tracking and making Accruals/Provisions

1. Taking inputs from various department to accrue expenses in books, Analysis of accrual and reporting of the same. Continuous interaction with various departments for correct accrual for the month

Monthly closing and data preparation for Audit

1. Ensure time closing of books. Monitoring timely and accurate preparation of various schedules for Financial Statement and Audit purpose

Monthly dashboard

Circulating monthly dashboard which includes Hits and misses in Tax and AP, TAT reporting, cost analysis and remarks on changes with previous period, exception reporting and Key Balance Sheet GL code reporting

Petty Cash Management

Managing Petty cash for Head Office

Documentation

Ensuring Agreements/ PCCC approval or related in place and available at all times

Management MIS

Monthly Management MIS for key decision making

Key Competencies Required

1. Process & TAT driven

2. Technical Accounting Knowledge and Tax implications

3. MIS Ideation