Finance Manager

Yarab Technologies; Kerala; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Yarab Technologies is seeking a Finance Manager to oversee the company’s financial operations, ensure accurate reporting, and manage premium and reinsurance accounting. The role supports growth with strong internal controls and ERP governance.

You will collaborate with underwriting, operations, and senior management to drive process improvements, provide strategic insights, and lead a finance team through audits and regulatory requirements.

Qualifications

• Experience in insurance and reinsurance accounting.
• Strong financial reporting, reconciliation, and budgeting capabilities.
• Proficiency with ERP systems and financial controls.
• Advanced Excel and data analysis skills.
• Leadership and stakeholder management abilities.
• Knowledge of MGA operations and insurer settlements.

Responsibilities

• Oversee day-to-day finance operations including premium collections and closing.
• Prepare financial statements, budgets, forecasts, and KPI dashboards.
• Manage insurance premium accounting and settlements with insurers/reinsurers.
• Monitor claims payments, reserves, receivables, and reconciliations.
• Lead ERP initiatives and drive process improvements.

Skills

Accounting

Financial management

Insurance accounting

Reinsurance accounting

ERP systems

Advanced Excel

Education

ACCA/CIMA/ACA/CPA

IFRS/UK GAAP knowledge

Tools

ERP software

Job description

Purpose of the Role

The Finance Manager is responsible for overseeing the company's financial operations, ensuring accurate financial reporting, premium accounting, reinsurance accounting, regulatory compliance, and effective financial controls. The role supports business growth by managing finance processes, ERP systems, and providing financial insights for strategic decision-making. The role is also responsible for ensuring accurate insurer and reinsurer settlements, maintaining robust financial governance, supporting regulatory reporting, and driving continuous process improvement across the finance function.

Role & responsibilities

• Manage day-to-day finance operations, including customer premium collections, refunds, reconciliations, and month-end/year-end closing.
• Prepare and review financial statements, management accounts, budgets, forecasts, cash flow reports, and KPI dashboards.
• Manage insurance premium accounting, insurer and reinsurer settlements, commission accounting, bordereaux reconciliation, and premium remittances.
• Monitor claims payments, claims reserves, recoveries, reinsurance receivables, and payable reconciliations.
• Review and reconcile direct debit collections, payment gateways, bank accounts, outstanding debtors, and insurer statements.
• Ensure compliance with UK accounting standards, FCA requirements, insurance regulations, internal controls, and audit requirements.
• Act as the Finance Business Owner for ERP systems by reviewing, testing, and approving finance-related developments and process improvements.
• Review and approve pricing updates, policy financial transactions, finance reports, reconciliations, and business requirements.
• Work closely with Underwriting, Operations, Claims, Reinsurance, Compliance, Customer Service, Sales, IT, and senior management to support business objectives.
• Lead, mentor, and develop the finance team while driving process improvements, automation, and operational efficiency.
• Prepare and review insurer, reinsurer, broker, and TPA financial settlements and technical account statements.
• Validate and reconcile premium, claims, commission, and bordereaux data to ensure financial accuracy and timely submissions.
• Monitor Gross Written Premium (GWP), Net Written Premium (NWP), commission income, loss ratios, and other insurance financial performance indicators.
• Support statutory audits, regulatory submissions, tax filings, and finance compliance activities.
• Manage cash flow, working capital, banking operations, and timely settlement of premiums, commissions, claims, and reinsurer balances.
• Develop and maintain finance policies, internal controls, standard operating procedures (SOPs), and approval workflows to strengthen governance and mitigate financial risks.
• Identify opportunities to automate finance processes, improve ERP integration, and enhance reporting accuracy and operational efficiency.

Required Skills

• Strong accounting and financial management knowledge.
• Experience in insurance and reinsurance accounting.
• Financial reporting, reconciliation, and budgeting.
• ERP system knowledge.
• Advanced Excel and analytical skills.
• Leadership and stakeholder management abilities.
• Knowledge of MGA operations, bordereaux management, technical accounting, and insurer/reinsurer settlement processes.
• Understanding of IFRS/UK GAAP and insurance regulatory reporting requirements.

Preferred candidate profile

• 5 to 8 years of Financial Managerial experience, preferably in the insurance or reinsurance industry.
• Professional qualification such as ACCA, CIMA, ACA, CPA, or equivalent preferred.
• Experience with insurance ERP systems and UK insurance regulatory environments.
• Experience working with MGAs, insurers, reinsurers, brokers, TPAs, or delegated authority insurance operations will be an added advantage.