·         Prepare MIS reports monthly i.e. profit & loss statement, claims reconciliations (Finance with Operations), contribution recons and comparisons, ageing of receivables (clients and co insurers).
·         To approve bank reconciliation statements of all bank accounts.
·         To review receivable balances from clients and submit recovery report on monthly basis.
·         To coordinate with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
·         Supervision of payments and receipts records relating to financial aspects.
·         Verification of Income Tax / Sales Tax deduction on payments.
·         Prepare expense budget of division annually and submit to Head office.
·         Ensuring compliance of all assignments as per timelines, as and when required by divisional head and Head Office.
KEY ACHEIVEMENTS
·         ERP implementation for General insurance System.
·         Liaison with IT team and with the ERP vendor for developing extensions such as additional fields, new procedures, new modules and reports before and after GO-LIVE.
·         Implementation of cash management system for managing entity’s cash flows and investment strategies.

 

Prepare Financial Reports, Bank Reconciliation Statement.
Processing of payments after verification that all necessary documents are attached and approved by authorities.
Prepare for, and coordinate the annual financial audit.
Perform payroll processing, including computing wages and overtime payments, calculating and recording payroll deductions, processing requests for paycheck advances.
Placement of Purchase orders for purchasing of stock and Checking of Stock Purchasing bills of vendors.
Monitor petty cash balance on daily bases and carry out surprise cash counts during the month
Managing daily Operational Documentation (Acceptance of Resignation, Probation Evaluation, Bank Account Opening, Transfer, Experience, and Termination Letter).