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Max New York Life Insurance Co. Ltd.
(Manager – Operations Finance)
Skills & Experience : Reqd. CAKey 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 § § 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
Gurgaon , Posted on 04 June 2010
Max New York Life Insurance Co. Ltd.
(Sr Manager/CM/AVP - IFRS)
Skills & Experience : Reqd. CABrief 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
Gurgaon , Posted on 04 June 2010
Max New York Life Insurance Co. Ltd
(AM/DM –Investment Back Office)
Skills & Experience : Reqd. CAKEY 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.
Gurgaon , Posted on 04 June 2010
Max New York Life Insurance Co. Ltd.
(MIS Manager- Procurement Back office )
Skills & Experience : Reqd. CAKey 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
Gurgaon , Posted on 04 June 2010
Max New York Life Insurance Co. Ltd.
(Assistant Manager –Reconciliations)
Skills & Experience : Reqd. CAKEY 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.
Gurgaon , Posted on 04 June 2010
Max New York Life Insurance Co. Ltd.
(Manager – Risk Management and Internal Audit (Partnership Channels, Bancassurance, SBU))
Skills & Experience : Reqd. CAKEY 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.
Gurgaon , Posted on 04 June 2010
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