Finance Officer

MS First Capital Insurance; Ahmedabad District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

MS First Capital Insurance in Ahmedabad district is seeking a Finance Officer to manage the branch's day-to-day accounting, including invoice booking, AP/AR, tax payments, banking and month-end close, in collaboration with the Finance Manager and Head Office.

You will ensure GST/TDS compliance, prepare payments, support audits and payroll, and assist intercompany reconciliations to enable accurate financial reporting for a growing reinsurance operation.

Qualifications

• Hands-on experience in AP/AR, tax payments, banking and reconciliations.
• Experience in insurance / reinsurance or financial services preferred.
• Knowledge of Indian GST and TDS provisions and the related compliance portals (GST portal, TRACES, income tax portal).

Responsibilities

• Invoice Booking & Accounts Payable: process vendor invoices with approvals and supporting documents, reconcile with POs.
• Accounts Receivable & Reinsurance Balances: follow up on outstanding balances and allocate receipts.
• Taxation Payments & Compliance Support: deposit TDS, GST and advance tax within due dates.
• Banking & Treasury Operations: manage day-to-day banking, cash positions and reconciliations.
• Month-End Close & Reporting Support: post journals and prepare schedules for management accounts.

Skills

Accounting operations

GST & TDS compliance

Bank reconciliations

MS Excel

Vendor management

Education

B.Com / MBA (Finance) / CA Inter

2-6 years accounting experience

Tools

ERP software

GST portal

TRACES

Tally

Job description

Role Purpose

The Finance Officer is responsible for the branch's day-to-day accounting operations. This covers invoice booking, accounts payable and receivable follow-ups, tax payments, banking operations, reconciliations and month-end support. Working closely with the Finance Manager and the Singapore Head Office finance team, the role keeps the books accurate, payments and tax deposits on time, and supporting records ready for audit.

Key Responsibilities

Invoice Booking & Accounts Payable

• Book vendor invoices, expense claims and service-provider bills accurately and on time, with proper approval and supporting documents.
• Check invoices against purchase orders, contracts and delivery or service confirmations before processing.
• Calculate and deduct TDS on vendor payments at the applicable rates and check the GST details on vendor invoices for input tax credit eligibility.
• Prepare payment runs, maintain the vendor master, follow up with vendors on queries and monitor AP ageing.
• Reconcile vendor accounts and statements and resolve differences promptly.

Accounts Receivable & Reinsurance Balances

• Book premium, debit notes and credit notes based on instructions received from underwriting and operations.
• Follow up with cedants and brokers on outstanding balances, send statements of account and escalates overdue items.
• Allocate receipts to open items, keep AR ageing reports up to date and support credit-control reviews.
• Raise tax invoices in the prescribed format, including GST where applicable, for business written with onshore Indian cedants.

Taxation Payments & Compliance Support

• Prepare challans and deposit TDS, GST and advance tax within statutory due dates.
• Prepare data for the Finance Manager and tax advisors for GST returns, TDS returns and annual filings, and issue TDS certificates (Form 16A).
• Reconcile GST input tax credit with GSTR-2B and reconcile TDS with Form26AS / TRACES.
• Collect documents for cross-border remittances, such as Form15CA/15CB, tax residency certificates, Form 10F and No-PE declarations from counterparties.

Banking & Treasury Operations

• Run day-to-day banking for the branchs USD and INR accounts, including payment initiation, receipts monitoring, FX conversions and bank correspondence.
• Prepare daily cash positions and bank reconciliations, and clear reconciling items quickly.
• Support documentation for fixed-deposit placements and maturities and keep bank mandates and KYC records up to date.
• Process payroll-related, rent and other administrative payments from the designated accounts.

Month-End Close & Reporting Support

• Post journal entries, accruals, prepayments and provisions, and prepare GL reconciliations and supporting schedules.
• Maintain the fixed asset register and depreciation schedules.
• Record and reconcile intercompany transactions and cost recharges with Head Office.
• Prepare schedules for monthly management accounts and Head Office reporting packs.

Payroll, Administration & Audit Support

• Provide payroll inputs and process statutory deductions and payment such as PF, professional tax and TDS on salaries.
• Manage reimbursements and administrative expense records.
• Prepare supporting schedules and documents for statutory audit, tax audit and internal audit, and respond to auditor queries.
• Provide data for SEZ /IFSC compliance filings, such as the Monthly Progress Report (MPR) and Annual Performance Report (APR).
• Keep documents properly filed and follow internal controls and approval policies.
• Take on other finance and accounting tasks required for the branchs operations.

Qualifications & Experience

• B.Com / M.Com; CA Inter, semi-qualified CA or MBA (Finance) preferred.
• 2 to 6 years of hands‑on experience in accounting operations (AP/AR, tax payments, banking and reconciliations).
• Experience in insurance / reinsurance or financial services preferred. Exposure to GIFT City/ IFSC or SEZ units is an advantage.
• Working knowledge of Indian GST and TDS provisions and the related compliance portals (GST portal, TRACES, income tax portal).
• Hands‑on experience with accounting software or an ERP, and strong MS Excel skills.

Skills & Competencies

• Good written and verbal communication skills for following up with vendors, cedants, brokers, banks and Head Office.
• High accuracy, attention to detail and discipline with deadlines.
• Proficiency in MS Excel & MS Word.
• Strong organization skills and ability to manage several routine tasks at once.
• Ability to work independently in a new branch while working with colleagues across locations.
• Integrity, ownership and willingness to learn and improve processes

Why This Role Growth Opportunity

Join a new IFSC reinsurance branch at the start and help build its accounting operations, as part of the MS&AD Group, one of the worlds largest multinational reinsurance groups.

• Get end‑to‑end exposure across accounting, tax, banking and audit instead of a narrow single‑process role.
• Learn reinsurance accounting and cross‑border operations with guidance from the Finance Manager/CFO and the Singapore Head Office team.
• Work in a global group environment with international processes and standards.
• Take on more responsibility as the branch grows.

Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfil the purposes for which they were collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer for more information on the retention and disposal of your personal data.