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

Manager - Opex Management - Finance and Accounts

Corporate Office

Job Objective

Do you have a sound technical accounting background and always ensure no violation in terms of tax compliance at the time of payouts then this role is for you

Role Objectives.

1. Proper controls with respect to accounting operations in relation to vendor payouts for opex and fixed asset accounting.

2. Continuous monitoring of payouts within the TAT as defined by the company from time to time

3. Controls to be enhanced and review of the provisions on a monthly basis

4. Continual review of Opex trends and strategic MIS for management reporting

5. Review of Fixed Asset Register and CWIP and ensure proper tagging and reconciliation

6. Automation projects with regard to Vendor payouts

Job Description

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

1. Vendor invoices 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

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

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 AP, TAT reporting, cost analysis and remarks on changes with previous period, exception reporting and Key Balance Sheet GL code reporting.

GL Code Reconciliations

Ensuring all GL codes gets reconciled within agreed TAT and reporting of same.

Key Competencies Required

Strong Analytical Skills and Technical Accounting Knowledge

Management Reporting MIS