Senior Manager - Zonal Finance Lead & Employee Reimbursements - Finance And Accounts Job in Star Union Dai-ichi Life Insurance Company Limited

Senior Manager - Zonal Finance Lead & Employee Reimbursements - Finance and Accounts

Corporate Office

Job Objective

This role requires continuous monitoring of payouts within the TAT as defined by the company from time to time, also abide by the companies internal guidelines and check if all approvals are in place as per Delegation of Authority (DOA) sounds exciting then this role is for you

Role Objective.

1. The role mandates overview of Zonal overview in terms of Opex spends and alignment with budgets, proper controls with respect to accounting operations at Zones, fixed asset controls and Employee reimbursement process controls and review.

2.Implementation of robust internal checks and controls to avoid financial leakages and compliance with regulatory requirements is a must.

3. Monitoring the payouts pertaining to Full and Final Settlement, Gratuity and related retiral benefits and Salary accounting.

4. Reconciliation of all associated accounts is responsibility of this role and it also mandates dealing with auditors (Statutory, IRDA, CAG) from an Opex management perspective

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.

Zonal Finance Review and Tracking Expenses at Branch Level

1. Zonal overview in terms of Opex spends and alignment with budgets, proper controls with respect to accounting operations at Zones

2. Monthly Review on Spends with Zonal SPOC and quarterly review with Zonal Heads on Opex and key issues highlighted

3. Do and Don t List and regular review of guidelines to ensure no financial leakage and spends aligned to EPI achievement

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

Employee Advances

Employee advances ageing and closure

Key Competencies Required

1. Strong Analytical Skills and

2. Technical Accounting Knowledge

3. Management Reporting MIS Worked on Zonal /Branch Analytics