Senior Manager - Accounting

CA/CMA with 3-5 years of exp

What are we looking for?

1) Responsible for monthly Policy Loan Accounting including loan reconciliation, passing loan entries in SAP and preparing loan registers,

2) Responsible for Policyholder suspense balance analysis and review including preparing an in-depth analysis of policyholders' suspense balances, analyzing payable/receivable amount and coordination with the Ops team for actioning

3) Processing day-to-day Journal Entries in Life Asia / Group Asia system and processing Unit Journal Entries in Life Asia

4) Passing of monthly accounts closing entries on Policyholder debit balance provision, premium suspense related entries such as premium received in advance, unallocated premium, payable to policyholders, proposal deposit refund etc

4) Responsible for unclaimed regulatory reporting including preparation of Unclaimed Form A, B, and C, BAP reporting, etc

5) Supervising and handling of policyholder payable and unclaimed accounting

6) Handling of Statutory / Internal Audit related to Policy Loan and Policyholders suspense accounts

7) Responsible for preparation of MIS reporting - Internal and Regulatory

What does the job entail?

1) Responsible for monthly Policy Loan Accounting - a) policy loan reconciliation,

b) passing loan accounting entries in SAP for collection, settlement, interest accrual, standard loan provisions, and c) preparing loan register, d) raising loan settlement reconciliation recon findings with the Operations team and following up on actioning e) providing loan details to auditors,

2) Responsible for passing/checking monthly accounts closing entries related to Policyholder debit balance provision, premium suspense-related entries such as the premium received in advance, unallocated premium, payable to policyholders, proposal deposit refund etc

3) Responsible for monthly preparation of in-depth Policyholder suspense balance analysis for payable to policyholders, unclaimed amount, unallocated premium etc and coordination with the Operations team for reasoning and deduction of suspense balances

4) Responsible for preparation of policyholder suspense debit balance analysis, monitoring and follow-up for recovery/rectification

5) Responsible for Unclaimed regulatory reporting - Unclaimed Forms A, B, and C and BAP reporting including preparation of reports, coordination with stakeholders for inputs etc

6) Handling Policyholder unclaimed balance transfer (>10Y) to Senior Citizen Welfare Fund in coordination with stakeholders, identification/ finalizing SCWF transfer list, passing Journal Voucher entries in Life Asia, ensuring timely fund transfer and reporting of SCWF numbers

7) Processing day-to-day Unit Journal processing and Journal Entry passing in Policy Admin System (Life Asia) and supporting new business/policy servicing operations

8) Handling of Statutory / Internal Audit queries

9) Maintaining JV and activity tracker on daily basis and reporting JV dashboard

10) Analysing and raising queries with the respective team for automation in the system, so that number of JVs to get reduced

11) Automation of suspense reports with BI / using excel macros