About Company

One of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. Company's product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. The company currently has 37 retail and 8 group products in its portfolio, along with 9 optional riders catering to the savings, investment, protection and retirement needs of customers thus covering the three key risks of mortality, morbidity and longevity. It has one of the widest reaches among new insurance companies with about 500 branches in India touching customers in over 900 cities and towns. The company has also established a liaison office in Dubai.

Company has a strong presence in its existing markets with a strong base of Financial Consultants. An Insurance company offering innovative products and services that enable individuals live a ‘Life of Pride’. 

Company's long-stated strategy of balanced product mix, diversified distribution, continuous product innovation and re-imagining insurance through effective use of technology has enabled us to continue our journey despite the ever-changing external environment.

Company has been awarded Tech Innovation Awards 2023 - Outstanding Product Innovation 

One of the most successful and admired life insurance company, which means that we are the one of the most trusted company, the easiest to deal with, offer the best value for money and set the standards in the industry. "The most obvious choice for all'.

Job Type

Full Time

Job Description

1. Preparation of Financial Statements as per the PFRDA including Revenue Account, Profit
& Loss A/c, and Balance Sheet, accurately and timely. Passing of monthly closing related
entries in SAP
2. Preparation of regulatory Financial results (and related disclosures) on a quarterly basis
with accuracy.
3. Analysis of movement in Financial items including PFM Fees, POP charges and Investment
income, etc, and preparation of MIS and presentation on a monthly basis. Presentation of
Financial presentations to the Management
4. Efficiently handling requirements of statutory auditors and ensuring timely closure with
minimum observation. Preparation of reports for audit purposes.
5. Review of Balance Sheet items and aging analysis
6. Assist in the preparation of Annual reports and other quarterly deliverables.
7. Ensuring Vendor Payment minimum TAT of 99% of the invoices within 3 days of receipt
8. Ensuring correct GL code, vendor code, cost element, and cost center accounting
9 Ensuring that for bills processed, agreement/PO, supporting & approvals as per matrix
are in place for 100% of the invoices processed on a daily basis
10. Ensuring no double payment in vendor payouts and ensuring accurate, updated Vendor
Master Management
11. No dues certificates for Vendor accounts on a periodic basis in coordination with
respective departments
12. Ageing reports submission as required(Deposits, Sundry Creditors etc)
13. Ensure planning for completion of monthly closing in a smooth and planned manner
14. Maintenance and Control activities of Payment accounting related to HPMC
15. Timely submission of various reports as required by the concerned team
16. Coordinate and close on banking-related activities
17. Coordinating and Monitoring the quarterly audit requirements as per the deliverables
18. Identification of areas that can be automated and action on the same
19. Identification of processes that can be moved to Business Process Management tool &
20. Coordinating for confirmation of BPM processes during renewals