Designation: Manager/ Senior Manager Business Accounting Location: Mumbai HO (Lower Parel) Experience: 5 yrs+ Business accounting - Understanding of the business and transaction processing, PAS accounting and managing the banking relationship is vital for this position Business Accounting Initiatives : - Contribution in business accounting in policy admin system (PAS) - Contribution in process improvements - Daily routine activities of Business accounting/Internal / Management reporting of Business accounting - Arrangement of yearly data for GST Audit, GL wise, cumulative YTD reconciliation. - Reconciliation and matching of unclaimed policy wise data with system data, financial statements. - Proactive steps to reconciliation and coordination with IT for resolutions - Regulatory/statutory submission for Unclaimed/checking/verification. - Carry out user acceptance testing (UAT) in core policy admin system and ensure proper controls for financial transactions & provide timely sign off. - Group-Asia GL setup/master related data in GA System, month end, yearend mock tests and production sign off - GST reconciliation between Suntec & Elixir & Process of checking and providing sign-off on GSTR 1 and 3B - Coordination with bankers, CMS services related documents, process compliance, collection, payment, net banking related matters, required documentation. - Banking operation updation / Account opening / addition and deletion etc - Monitor and resolve long outstanding, more than defined ageing- issues if any-collections/premium/unallocated premium - Monitor long pending balances in Premium deposits and advance premium, resolve the issues if any - Monitoring Business accounting activities, Monitor collection process, accounting and reconciliations, exception handling, commission accounting, processing, payments and reporting - NIL excess pay outs, monitor recovery if any, highlight process breach, proactive action to avoid process breach/regulatory breach - Timely submission of monthly reconciliations, reasons for reconciliations and matching with financials, Financials, statutory, regulatory reporting/supporting - SOP updation- business accounting to be Complete and Upload on portal - Monthly policy wise data submission to FR team, reconciliation with PAS and Oracle. i.e. Premium Schedules, commission, deposits, unclaimed, claims etc - Reconciliation GST on ulip charges working for financials -FR team and tax team -identify the differences and resolve through IT. - Monitor payment processing, timely pay outs, monitor exceptions and fix the process gaps to avoid exceptions - Year-end Trial balance roll over activity-PAS, Elixir, Group Asia, EDM, suntech Audit and Compliance : - Handle various audit requirements internal/statutory/IFC/regulatory etc.

Mumbai

Ageas Federal - Manager/Senior Manager - Business Accounting 

Ageas Federal - Manager/Senior Manager - Business Accounting  ,Job Description for Ageas Federal - Manager/Senior Manager - Business Accounting  in Ageas Federal Life Insurance in  Mumbai for (5-9) years of experience. Apply Now!

Job Description for Ageas Federal - Manager/Senior Manager - Business Accounting  in Ageas Federal Life Insurance in  Mumbai for (5-9) years of experience. Apply Now!