|Title||Accountants – CA Inter Qualified – ExpSal : 30k to 50k.|
|Salary||Rs 30,000 to 50,000|
|Total Yrs Of Experience Required||3+ yrs|
2 Accountants – CA Inter Qualified – Experience in Big Data Accounts Reconciliation & Insurance Companies Accounts. With Strong Excel Skills. – Sal : 30k to 50k.
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.
1. 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 margin
1. 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 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.