CA Fresher, Trainee - Accounts-Financial Reporting

Job ID : 2236

About Company

One of India’s leading private life insurance companies offers a range of individual and group insurance solutions. The 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.

The 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 to live a assured life. 

The company's long-stated strategy of a 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.

The company has been awarded Tech Innovation Awards - Outstanding Product Innovation 

One of the most successful and admired life insurance companies, which means that we are one of the most trusted companies, 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 Description

The Financial Accounting team publishes the Revenue Account, Profit and Loss Account and Balance Sheet of the Company on a monthly basis, submit the Accounts to the Board of Directors on a quarterly basis and provides appropriate information to management on a timely basis for facilitating decision making. The Accounts Payable team ensures that correct payments are made to all stakeholders - government / vendors / employees / shareholders on time Accounts holds the responsibility to maintain Fixed Asset Register and physical verification of fixed assets of the business.

Treasury, as a part of Accounts department, is responsible for efficient management of the funds, both collections of funds as well as payment to vendors across the country. Treasury also manages relationship with the bankers of the Company. Commission payment to our distributors is handled by the Commission team which is responsible for timely and accurate commission payments at fortnightly cycles and handling of commission queries

Job responsibilities include :

• The person will be responsible for preparation of financial statements. The person needs to be vigilant in exercising the duties and responsibilities.

• Preparation of Financial Statements as per the IRDAI including Revenue Account, Profit & Loss A/c, Balance Sheet, accurately and timely. Passing of monthly closing related entries in SAP

• Preparation of SEBI (LODR) Financial results (and related disclosures) on quarterly basis with accuracy. Implementation of latest SEBI circulars after careful study

• Analysis of movement in Financial items including premium, claims, income etc. and preparation of MIS and presentation on quarterly basis. Presentation of Financial presentations to the Management

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