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The role is responsible for understanding the requirement and identifying parameters to be finalized for preparing reports to be submitted to IRDA. It plays a role laying the framework to perform product/system enhancement testing at any given point. It is also responsible for liaisoning with auditors to resolve their queries to ensure smooth audit closure.
Job Context: The role is responsible for understanding the requirement and identifying parameters to be finalized for preparing reports to be submitted to IRDA. It plays a role laying the framework to perform product/system enhancement testing at any given point. It is also responsible for liaisoning with auditors to resolve their queries to ensure smooth audit closure.
Job Challenges: • In a changing regulatory framework, ensuring relevant regulatory compliances and timely submission of IRDA Reports are done in accurate and timely manner.
• With the change in the nature of business carried out by company ensuring that the accounting for the same is correctly performed.
• Understanding of the business process and checking the User Acceptance Test (UAT) of all the enhancements and products.
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Technical Accounts Operation | 1. To ensure that all premium and service tax are accurately accounted for. 2. Ensuring all the re-class entries are correctly uploaded in the system and analyzing the impact of the same on other processes. 3. Preparing and analyzing PDC data sent to Actuarial which forms the basis of Actual Liabilities on every month end. 4. Ensuring Reinsurance Premium and claims are accurately booked and timely disbursed and service tax there on is correctly booked. 5. Checking of the charges prepared segment wise and fund wise. 6. Preparation of various recons (CS Recon, FFA and PD) and analyzing the movement month on month. 7. Checking the various data sent to other teams (planning, group ops, internal audit) |
| KRA2 | Timely preparation of Regulatory Reporting and support in Audit | 1. Checking all the monthly, quarterly, yearly and life council reports sent to IRDA 2. Defining the logic and checking all the Adhoc reports as and when required by regulator. 3. Ensure readiness of the team to meet any Adhoc reporting requirement from IRDA within a reasonable time by building data framework in BO. 4. Ensuring that all the auditors requirement are timely provided and satisfactory resolution is provided to them for all the queries raised. 5. Liasoning with various departments for ensuring timely submission of IRDA reports and smooth closure of audit queries. |
| KRA3 | Facilitate Product Testing and enhancements | 1. Obtain understanding of all the new Products and ensure accurate testing of the same is done on timely basis. 2. Understanding the new enhancements initiated by various teams and analyzing the impact on our processes on timely basis. 3. Educating other team members on various aspects of Ingenium, Premium accounting and related functionality. |
| KRA4 | Special Project | 1. Identifying areas where automation can be done to increase the efficiency and accuracy. 2. Ensuring all the issues cropped up are permanently resolved. |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 3-4 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Assistant Manager at Aditya Birla Group.
This role requires around 3-4 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.