Posted Feb 06, 2018 32 views
- Review monthly/quarterly/annual trial balance together with all the schedules, divisional profitability, preparing information for budgets, Divisional/Inter branch control accounts reconciliations, Operational vs. Financial data reconciliation and timely submission of the same to Head Office as per the SOPs and deadlines defined.
- Manage approval of cheques (related to commissions, claims & other payments) on daily basis.
- Review collection statement, premium and claim reconciliations on daily basis.
- Coordinate with insurance brokers, agents and co-insurance companies regarding dealing and resolving with premium related issues.
- Responsible for follow up of receivables from customers/co-insurers and settlement of co-insurance balances.
- Deal with internal and external stakeholders e.g. department al heads/sales staff/external auditors/ internal auditors/consultants to handle day to day queries.
- Manage planning and monitoring of financial budgets at the division.
- Ensure training & development of reporting staff; Manage performance of direct reports through objective setting, continuous support, feedback, and formal appraisal; Handle administrative issues including leaves, grievances and other issues and identify training requirements to develop the reporting team
Skills
Job Details
Adamjee Insurance Company Limited
pAdamjee Insurance Company Limited (AICL) was incorporated as a Public Limited Company on September 28, 1960 and is listed on all three stock exchange of Pakistan. The Company is also registered with the Central Depository Company of Pakistan Limited (CDC) and is involved in the business of general insurance. The head office is located in Karachi and it operates a network of branches all across Pakistan and two in UAE (Dubai & Abu Dhabi). The Company commenced operations with a paid-up capital of Rupees 2.5 million, which has grown phenomenally in the past five decades to Rupees 1.24 billion, as on 31 December 2012. A strong asset base, significant paid-up capital, substantial reserves, balanced portfolio mix along with steady growth in gross premium account gives Adamjee Insurance a well deserved competitive edge within the insurance industry./p
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