Max Life Insurance - Deputy Manager - Opex Management

Position : Deputy Manager- Opex Management

Department : Finance

Function : Finance

Reporting to : Chief Manager - Business Finance

Band: 4

Location : Gurgaon

Team size: (D/I) (2 /10)

JOB SUMMARY :

- Manage accruals and provisions

- Manage OPEX along with actual vs budget variance-

KEY RESPONSIBILITIES:

Managing accruals and Provisions

- Responsible for managing adequate provisions in the books of account as per the current accounting principles and standards

- Enable audit of provisions and accruals created with Statutory and Internal audits

- Ensure there is no under/over provisions to ensure the accounting figures reported are true and correct

- Put effective controls to ensure payments are made and matched with respective provisions made

- Preparedepartmental MIS with actual vs budget variance

- Publish MIS as per the define timelines

Measures of Success :

- Ensure appropriate provisions are effected in the books of account for estimated expenses

- Publish MIS as per the define time lines

Key Relationships (Internal /External):

Internal : All departments

External : Vendors

Key competencies/skills required :

- Ability to work independently and deliver on time

- A mindset with a focus on the bottom line

- To work closely with other teams - Distribution, Operations, Legal, IT, Claims, Actuarial, HR

- Build a constructive relationship with other departments at Max Life

Desired qualification and experience :

- B Com / M Com with an atleast 5-6 year experience in similar field