Senior Accountant

Job Summary

The Senior Accountant is responsible for managing financial reporting, regulatory compliance, and accounting operations specific to general (non-life) insurance, including premium accounting, claims accounting, and reinsurance transactions.

• Maintain accurate books of accounts in compliance with applicable accounting standards (Ind AS / GAAP).

 • Handle end-to-end accounting including:

 • Premium receivables & payables

 • Brokerage income recognition

 • Commission accounting

• Prepare:

 • Monthly, quarterly, and annual financial statements 

• MIS reports for management 

• Monitor cash flow and fund management.

• Ensure compliance with all IRDAI regulations applicable to insurance brokers.

• Prepare and submit:

• Periodical returns to IRDAI (as per Broker Regulations) 

• Net worth and solvency compliance reports

• Maintain records for:

 • Client funds segregation (as per IRDAI guidelines) 

• Broker remuneration limits 

• Liaise with IRDAI for inspections, audits, and regulatory queries.

 • Supervise and guide junior accountants.

 • Ensure timely task completion and compliance adherence.

 • Conduct training on regulatory and accounting updates.