JOB SUMMARY:
Accounts Payable
Process Improvement and Automation
Audit and Compliance Management
SOP Documentation
Vendor Masters Creation and Maintenance
Financial Controls and Reconciliations
Key Responsibilities
Lead Accounts Payable Process Improvement and automation Initiatives to enhance operational efficiency, strengthen controls and ensure regulatory compliance
Manage and coordinate Internal, Process and Statutory Audit. Ensure timely submission of data, closure of observations and implementation of corrective and preventive actions. Preparation and review of related Schedules
Prepare, review and maintain Standard Operating Procedure documents for all assigned processes, Ensure SOPs are regularly updated in line with business requirements, regulatory changes and internal control standards
Manage Vendor master creation and maintenance activities, ensuring adherence to organization policies and maker- checker controls
Act as SPOC for various compliance activities including Data Protection, BCP, Risk Management etc. and ensure adherence to applicable policies and controls
Measure of Success:
Timely and successful implementation of identified Process improvement and automation initiatives
Timely review and update related SOPs
Timely submission of audit data and closure of queries
Vendor creation and modifications with defined TAT
Correctness of all related transactions
No High aging/exception items in related schedules
Audit Ratings
Supervisor Feedback
Desired Qualification and Experience
MINIMUM EDUCATION AND EXPERIENCE:
Post Graduate in commerce and/or MBA with minimum 5-7 years of experience
KNOWLEDGE/SKILLS/ABILITIES:
Sound knowledge of accounting, preferably in insurance sector
Proficiency in MS-Excel, SQL, VBA/Macros and automations tools
Proven experience in a similar role in Insurance/Financial Services
Familiarity with Oracle ERP System
Strong understanding of Life Insurance Finance processes, internal controls and statutory requirements
Strong analytical, mathematical and problem-solving skills with attention to detail
Excellent communication and interpersonal skills to interact with internal and external stakeholders
Organizational and time management skills to meet deadlines
Ability to work independently and as a part of a team in a fast-paced envir
