Senior Manager - Insurance Accounting

Workline Private Limited; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Workline Private Limited is seeking a Senior Manager for Insurance Accounting in Mumbai. The role focuses on timely month-end closure for Commission and Reward, meticulous reconciliation of balance sheet accounts, and monitoring payouts.

You will oversee audits (statutory, internal, IRDA) and ensure regulatory compliance while leading a 4–5 member team and driving process improvements. Ideal candidates hold a postgraduate qualification with 10–15 years of experience in finance/accounting within

Qualifications

• Postgraduate qualification or higher in finance/accounting or related field.
• 10+ years of experience in insurance accounting or a similar domain.
• Strong knowledge of month-end processes, reconciliation, balance sheet controls and regulatory audits.

Responsibilities

• Ensure timely month-end closure for Commission & Reward processes.
• Perform reconciliation of balance sheet accounts related to Commission & Reward.
• Monitor daily commission and reward payouts and related variances.
• Manage audits (statutory, internal, IRDA) and regulatory requirements.
• Lead and develop a team of 4–5 members.
• Identify process improvements and drive automation initiatives.

Skills

Team leadership

Month-end closure

Reconciliation

Audit coordination

Education

Post graduate & above

Job description

FIN - Senior Manager - Insurance Accounting

PMLI16464

Finance

13-Jul-2026

Job Description

Role:

• a) Timely closure of month-end activities related to Commission and Reward processes, maintaining adherence to defined timelines and controls
• b) Perform reconciliation of balance sheet accounts pertaining to Commission and Reward, identifying and resolving variances to ensure accuracy and completeness.
• c) Monitor daily commission and reward payouts-Monitoring Daily Commission and Reward related payouts
• d) Managing audit and regulatory requirements- including Statutory Audits (quarterly, half-yearly, and annual), Internal Audits and IRDA inspection requirements, ensuring timely and accurate submissions.
• e) Managing a team of 4-5 employee
• f) Process improvements and Automation of Activities

Key Responsibilities:

• a) Month end activities – timely and accurate monthend closure of Commission & Reward
• b) Monitoring and control on all balance sheet items – Reconciliation and review of Receivables and payable related to Commission
• c) Process improvements and Automation of activities
• d) Handling of Internal Audit, Statutory audit and IRDA requirements.

Short Info

• Posted: 74 day(s) ago
• Qualifications: Post Graduate & Above
• Experience: 10 Years - 0 MonthsTo15 Years - 0 Months