Manager – Finance & Accounts – IRDAI

Serving Skill; Navi Mumbai, Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

A financial services firm in Maharashtra seeks a candidate responsible for managing partner account relationships within the insurance industry. The role involves ensuring compliance and monitoring risks related to onboarding new partners while handling payments and reconciliations. Candidates should be proactive in coordinating with sales teams and implementing budget plans.

Responsibilities

• Managing all partner account relationships crucial in the insurance industry.
• Implementing and tracking variable budget planning.
• Managing all partner payments and reconciliations.
• Conducting due diligence related to priority vendors during onboarding.
• Ensuring compliance including supporting documentation and KYC.
• Monitoring and reporting risks associated with new partners.
• Managing auditor and regulatory aspects of payouts.

Job description

Overview

1. Profile
2. 1. Employee Payment
3. 2. Vendor Payment & Capex
4. 3. Accounting Of Brokerage/Commission
5. 4. Automation Of Process & Reporting
6. 5. Internal Audit Co-Ordination & Compliance
7. 6. Monthly Reconciliation Of All Types Of Commission Payment
8. 7. Daily Commission Payout Processing
9. 8. Gst Credit Report Verification & Issue Resolution
10. 9. Preparation Of Various Mis And Tracker Related To Irda Payout ;
11. 10. Preparation Of Irda Report Related To Sec 31b(2)

Candidate Role

• – Managing all partner account relationship (Very critical in Insurance Industry) building rapport for quick resolution
• – Variable budget planning implementation and tracking
• – Manage all partner payments and reconciliations
• – Due diligence related to priority vendors during onboarding
• – Ensuring all compliances including supporting documentations, KYC etc.
• – Monitoring and reporting risk associated with new partners being onboarded
• – Auditor and Regulatory Management for all such pay-outs

Other allied critical activities

• – Reward vs Commission Regulatory Compliances
• – MIS dashboard controls
• – Proactive daily coordination with Sales and Planning team for Distribution management.