CAPTIVE INSURANCE ACCOUNTING (Ex: Insurance Broking & Risk Management)
Marsh is seeking candidates for the following position based in the [MUMBAI, INDIA] office:
Deputy Manager
What can you expect
- Monitor, improve and thereby ensure achievement of agreed SLAs in the preparation and finalization of accounts for relevant, timely and accurate reporting of financial information to stakeholders
- Review of financial statements, NAIC returns, BMA Stat returns, HMRC returns prepared by team members.
- Dealing with Auditors and Investment Managers for providing resolution of queries.
Plan and allocate right resources as per required work and ensure seamless delivery
- Manage performance of the team by setting standards for performance and motivating team to achieve beyond these standards
- Support the Manager/Senior Manager to have a view and information on the skills and knowledge gaps of team and plan for training, cross skilling and up skilling of all team members for current and future needs
- Ensure value addition to stakeholders by providing insights on trends/data that are available on business accounts and thus act as experts in the area of existing accounts
- Create rapport with stakeholders and ensure constant flow of information in areas of processes improvements and other projects
- Report & highlight exceptions on processes, people, policies and escalate on the same wherever required
What is in it for you
Discover what's great about working at Marsh and McLennan Companies from the opportunities that our size brings, to our commitment to our communities and understanding the benefits you'll receive. We are four businesses with one PURPOSE: helping companies meet the challenges of our time.
As a global leader in insurance broking and risk management, we are devoted to finding diverse individuals who are committed to the success of our clients and our organisation. Joining us will provide a solid foundation for you to accelerate your career in the risk and insurance industry. You will join a team of talented professionals from across the globe which is dedicated to helping clients manage some of the world's most challenging and complex risks. We can promise you extraordinary challenges, extraordinary colleagues, and the opportunity to make a difference.
Our rich history has created a client service culture that we believe is second to none. Our commitments to Diversity and Inclusion, Corporate Social Responsibility, and sustainability demonstrate our commitment to stand for what is right.
As a Marsh and McLennan Company colleague, you will also receive additional benefits such as:
- A competitive salary
- Employee friendly policies
- Health care and insurance for you and your dependants
- Healthy Work life balance
- A great working environment
- Flexible benefits packages to suit your needs and lifestyle
- Future career opportunities across a global organisation
Preview to our current base policies:
- Maternity benefits: Sum insured for normal delivery is INR 65,000 and C-section is INR 75,000.
- Mental health on IPD (up to full sum insured) and OPD (up to 40,000) to cover Psychiatric and related treatments
- Home care and treatment up to INR15,000 (COVID related) covered per member
- Hotel quarantine up to INR 50,000 (COVID related) covered per member
- Make shift or temporary hospital treatment up to INR15,000 (COVID related) covered per member
- Enhanced colleague experience through Benefitme portal (one stop self-service for enrollment & tracking of claims)
Voluntary top up:
- Sum Insured options: 2 Lacs, 3 Lacs and 5 Lacs
- All benefits same as base except for Mental illness on OPD basis
- Although completely voluntary, colleagues would be encouraged to enroll considering dependents age & pre-existing health conditions
- Corporate buffer would be made available on exception basis only, provided colleagues have taken a top up plan
- 6 months instalment option through payroll
- New Joiners would be able to opt for Top-up upon joining within a 30 day window
We will count on you to:
- Take end to end responsibility of delivery and review of the work done by the analysts and the junior team members.
- Take accountability of moving all the legacy accounts in the new Captives Accounting platform (GCMS)
- Ensure that the team members and mentored and properly groomed for the next role.
- Identify training opportunities within the team and arrange for their necessary training.
- Help the team to take up additional work within the existing bandwidth
What you need to have:
- Chartered Accountant or Accounting degree (like CPA, CIMA, ACCA etc.)
- 5-6 years of post-qualification experience in finalization of accounts
- Sound knowledge of accounting principles and practices
- Prior experience in working in Captives Accounting.
What makes you stand out
- Diploma in IFRS
- Prior working experience in Insurance Sector.
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