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| Job Location | Bangalore |
| Education | Not Mentioned |
| Salary | Not Disclosed |
| Industry | Recruitment Services |
| Functional Area | Sales / BDFinance / Accounts / Tax |
| EmploymentType | Full-time |
Requirement is for a Client of Angel and Genie. Client is into Insurance Broking and Advisory Services , head quartered in Muscat, Oman. We have recently set up a joint venture business in India, based out of Bangalore. Client has also set up a back office structure in this office to support the Finance and Claims functions of Oman. In this context, we are looking to recruit a couple of inter CA qualified persons with strong excel skills to handle big data reconciliations of our clients and insurance companies accounts. Job Description1. Reconciliation of bank accounts. 1. Reconciliation of production data from insurance companies portals , in terms of policies issued vs debit notes raised and booked by our upcountry branches and kiosks and collections through cash / credit card swipes. Thus, it would be a 3 way reconciliation for the Personal Lines Division that mainly handles Retail Motor Policies. We have over 15, 000 active clients handled by this Division a typical high volume, low marginbusiness division with all consequent challenges1. Reconciliation of major client accounts on credit terms this is mainly corporate clients : about 500 active clients. Most of these accounts also have claims being handled by us and hence we will always have ongoing setoff and adjustments for the claim credits / claim deductibles. 1. Reconciliation of insurance companies accounts and processing of payments to them. We have about 15 major insurance companies (mostly local) and a few reinsurance brokers (overseas). Regular reconciliation of these accounts and processing of payments is another key task. We as brokers process the payments to insurance companies on a back to back basis immediately on receiving payments from our clients. Since the data quality on both sides the statement of account of the insurance companies as well as the insurance companies accounts in our books is sub optimal, there is a challenge in the reconciliation of these accounts. I am addressing data quality and process gaps issues at our end. This reconciliation and timely payment processing is a key task. We have our own software called IBS (for Insurance Broking System) on Oracle platform and we are currently working on an upgrade to address evolving business requirements. The regular accounting , management reports, audits are all currently handled from the HO at Muscat, Oman and we will continue with this. Booking and allocation of collections and raising of receipts is currently being handled from the HO. We could probably explore migrating this to the back office once we have the resources in place. The 2 positions we are looking to fill for the Bangalore office would basically have responsibilities to handle the above tasks. Good excel skills would certainly be an advantage. An indicative salary would be between Rs 30, 000/ - to 50, 000/ - per month, depending on skill sets and experience of the candidates. As mentioned, there is a possibility of shift to HO at Muscat in future, depending on Visa clearances and of course performance. ,
Keyskills :
dataqualityaccountsreconciliationretailigdatabackofficeclientaccountsinsurancebrokingadvisyservicespaymentprocessingintelligentnetwfinancialjustificationibssetcashexcelaclesal