Skills & Experience : Reqd. CA
• Audit Executives are required to carry out operational, financial, process and Systems audits designed to review and appraise its activities, systems and controls
Skills & Experience : Reqd. CA
Key Responsibilities :
1. Banking Relationship & Collection Management
· Manage alternate collection channels
· Manage gain and loss in financial transactions due to NAV application dates as per IRDA guidelines
§ Streamline Collection process to avoid pending BRS items
§ Manage issuance of premium receipts to customers within agreed timelines
§ Manage group business collections, receipting and accounting
§ Oversee Premium Housekeeping – General Suspense, Not in RTF, Cheque Bounce etc
§ Ensure timely and satisfactory completion of Monthly Closing of Policy admin Related Accounts and systems
§ Manage payment conveniences for alternate payments channels
§ Oversee Policy Admin system development Projects and defect Management
2 Audits & Month-end closing
§ Ensure timely and satisfactory completion of Year end Closing of Books of Accounts incl. audits ;
§ To ensure Internal audit rating of <=2
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§ 3. Leading a Team
§ Managing Productivity of FTE’s and Outsourced Staff
§ Effectively lead a process oriented team for Ops Finance within a cost-effective model and to ensure effective Coordination with all interfaces to the department
§ Minimal attrition rate and high engagement levels
§ Train constituent department/location representative on disbursement process incl. Accounting
§ Ability to manage outsourced staff supplied by Vendor
Skills & Experience : Reqd. CA
Brief Description :
· Migration to IFRS Regime including Diagnostic Study and Impact assessment
· Under IFRS, establish rational for elections made
· Involve in product classification under IFRS
· SOX Compliance
· Audit Management including engagement terms
· Analytical review of Balance Sheet and Trial Balance
· Reconciliation of Employee and Vendor Balances
Skills & Experience : Reqd. CA
KEY RESPONSIBILITIES:
Ü Fund Accounting and Management – Funds’ Assets Management including calculation of Net Assets Value of Funds, circulation of NAV, updation of NAV in the Policy Admin System.
Ü Maintenance of Investment System- Masters, Accounting etc, Reconciliation with ledger/ Custodian, Brokers etc.
Ü Monitoring and Reporting - Track and monitor the performance of the funds; analyse fund movement in terms of trend in investment income; monitor adherence to regulatory requirements and update them based on new regulations and accounting standards; oversee accounting of transactions such as outstanding transactions and settlements; generate timely reports (Quarterly investment returns, monthly returns, report to NYLI, dashboards etc) in order to comply with regulatory requirements and submit timely reports to senior management.
Ü Financial Statements – Preparation and analysis of Investment Schedules (as per IRDA Regulations), Monthly and Annual Cash Flow Statement, Fund Revenue and Balance Sheet, Assets – Liability Matching
Ü System Enhancements – Development and Enhance of IT System/Applications to increase efficiency and results.
Skills & Experience : Reqd. CA
Key Responsibilities :
1. MIS & Analytics
· Spend management and what-if analysis with financials
· Balanced Score Card
· Cost Benefit analysis
· Track Office services consumptions with budgets and publish variances with actions
· Visibilse procurement spends under management and savings with proactive MIS
· Provide meaningful data to procurement buying team for decision making
· Audit management and documentation review
· Top 100 vendor performance analysis
2. Contract Compliances
· Owner of all contract database and documentation
· Coordination with legal for closure of contracts
3. Responsible for maintaining satisfactory controls posture.
4. Manage and maintain internal customer & supplier relationships.
5. High level of internal customer orientation, proactive approach and focus on meeting agreed SLAs.
6. Meet all statutory and legal compliance requirements for procurement
Primary Interactions:-
Internal - Internal customers/business groups for reviews
Skills & Experience : Reqd. CA
KEY RESPONSIBILITIES:
Ü Manage Reconciliation and follow-ups on Vendor Advances & Employee receivables to ensure ageing within Co. norms and providing for delinquencies
Ü HR Payouts towards Full & Final, Asset entitlements (BRE).
Ü Monthend Provisions for F&F,left employees, Vendor debit balance etc.
Ü Liasioning with Vendors & employees for clearing/reconciliation of outstanding balances
Ü Performs miscellaneous job-related duties as assigned.
Skills & Experience : Reqd. CA
KEY RESPONSIBILITIES:
Ü Planning, execution, reporting and follow-up of audits to ensure coverage of risk related to:
o Agency Distribution Channels
o Partnership Distribution Channels
o Bancassurance
o Strategic Business Units
Ü Allocate assigned resources to conduct reviews and coordinate team activities to assure the review objectives are achieved and review is conducted in accordance with Risk Management process.
Ü Establish detailed risk assessment and audit programs to ensure they are appropriate for the processes being reviewed. Ensure specific audit procedures are performed; work papers are documented and reports published in a timely manner.
Ü Train/mentor the concerned audit staff and co-sourced partner. Review performance at completion of reviews and provide feedback.
Ü Manage the co-sourcing partner wherever required for conducting the reviews.
Ü Appraise the adequacy of corrective/preventive actions taken to improve deficient conditions.