Skills & Experience : Reqd. CA
• Audit Executives are required to carry out operational, financial, process and Systems audits designed to review and appraise its activities, systems and controls
Skills & Experience : Reqd. CA
Key Responsibilities :
1. Banking Relationship & Collection Management
· Manage alternate collection channels
· Manage gain and loss in financial transactions due to NAV application dates as per IRDA guidelines
§ Streamline Collection process to avoid pending BRS items
§ Manage issuance of premium receipts to customers within agreed timelines
§ Manage group business collections, receipting and accounting
§ Oversee Premium Housekeeping – General Suspense, Not in RTF, Cheque Bounce etc
§ Ensure timely and satisfactory completion of Monthly Closing of Policy admin Related Accounts and systems
§ Manage payment conveniences for alternate payments channels
§ Oversee Policy Admin system development Projects and defect Management
2 Audits & Month-end closing
§ Ensure timely and satisfactory completion of Year end Closing of Books of Accounts incl. audits ;
§ To ensure Internal audit rating of <=2
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§ 3. Leading a Team
§ Managing Productivity of FTE’s and Outsourced Staff
§ Effectively lead a process oriented team for Ops Finance within a cost-effective model and to ensure effective Coordination with all interfaces to the department
§ Minimal attrition rate and high engagement levels
§ Train constituent department/location representative on disbursement process incl. Accounting
§ Ability to manage outsourced staff supplied by Vendor
Skills & Experience : Reqd. CA
Brief Description :
· Migration to IFRS Regime including Diagnostic Study and Impact assessment
· Under IFRS, establish rational for elections made
· Involve in product classification under IFRS
· SOX Compliance
· Audit Management including engagement terms
· Analytical review of Balance Sheet and Trial Balance
· Reconciliation of Employee and Vendor Balances
Skills & Experience : Reqd. CA
KEY RESPONSIBILITIES:
Ü Fund Accounting and Management – Funds’ Assets Management including calculation of Net Assets Value of Funds, circulation of NAV, updation of NAV in the Policy Admin System.
Ü Maintenance of Investment System- Masters, Accounting etc, Reconciliation with ledger/ Custodian, Brokers etc.
Ü Monitoring and Reporting - Track and monitor the performance of the funds; analyse fund movement in terms of trend in investment income; monitor adherence to regulatory requirements and update them based on new regulations and accounting standards; oversee accounting of transactions such as outstanding transactions and settlements; generate timely reports (Quarterly investment returns, monthly returns, report to NYLI, dashboards etc) in order to comply with regulatory requirements and submit timely reports to senior management.
Ü Financial Statements – Preparation and analysis of Investment Schedules (as per IRDA Regulations), Monthly and Annual Cash Flow Statement, Fund Revenue and Balance Sheet, Assets – Liability Matching
Ü System Enhancements – Development and Enhance of IT System/Applications to increase efficiency and results.
Skills & Experience : Reqd. CA
Key Responsibilities :
1. MIS & Analytics
· Spend management and what-if analysis with financials
· Balanced Score Card
· Cost Benefit analysis
· Track Office services consumptions with budgets and publish variances with actions
· Visibilse procurement spends under management and savings with proactive MIS
· Provide meaningful data to procurement buying team for decision making
· Audit management and documentation review
· Top 100 vendor performance analysis
2. Contract Compliances
· Owner of all contract database and documentation
· Coordination with legal for closure of contracts
3. Responsible for maintaining satisfactory controls posture.
4. Manage and maintain internal customer & supplier relationships.
5. High level of internal customer orientation, proactive approach and focus on meeting agreed SLAs.
6. Meet all statutory and legal compliance requirements for procurement
Primary Interactions:-
Internal - Internal customers/business groups for reviews
Skills & Experience : Reqd. CA
KEY RESPONSIBILITIES:
Ü Manage Reconciliation and follow-ups on Vendor Advances & Employee receivables to ensure ageing within Co. norms and providing for delinquencies
Ü HR Payouts towards Full & Final, Asset entitlements (BRE).
Ü Monthend Provisions for F&F,left employees, Vendor debit balance etc.
Ü Liasioning with Vendors & employees for clearing/reconciliation of outstanding balances
Ü Performs miscellaneous job-related duties as assigned.
Skills & Experience : Reqd. CA
KEY RESPONSIBILITIES:
Ü Planning, execution, reporting and follow-up of audits to ensure coverage of risk related to:
o Agency Distribution Channels
o Partnership Distribution Channels
o Bancassurance
o Strategic Business Units
Ü Allocate assigned resources to conduct reviews and coordinate team activities to assure the review objectives are achieved and review is conducted in accordance with Risk Management process.
Ü Establish detailed risk assessment and audit programs to ensure they are appropriate for the processes being reviewed. Ensure specific audit procedures are performed; work papers are documented and reports published in a timely manner.
Ü Train/mentor the concerned audit staff and co-sourced partner. Review performance at completion of reviews and provide feedback.
Ü Manage the co-sourcing partner wherever required for conducting the reviews.
Ü Appraise the adequacy of corrective/preventive actions taken to improve deficient conditions.
Skills & Experience : Reqd. CA
•Chartered Accountant/ ACCA/ CPA
•0-2 years post-qualification experience from midsized to Big 4 audit firms.
•extensive Audit experience, should have independently handled audits
•advanced written and verbal communication skills
•energy, enthusiasm and flexibility
•empathy, patience, confidence, seeks continuous improvement
•robust and assertive, able to handle conflicting demands and priorities
•attention to detail
•provide on-the-job training for developing auditing skills and familiarity with the firms methodology
•demonstrate the ability to effectively discharge supervisory responsibilities
•contribution to effective team work
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