Job Description

Accounts Receivable, Assurant, India
This role is responsible for managing the complete Accounts Receivable (AR) lifecycle, monthly invoicing, and reconciliation of Balance Sheet and Profit & Loss accounts. The ideal candidate will also lead automation initiatives to transition manual finance processes into streamlined, tech-enabled workflows.
This position will be in Hybrid model of working at Andheri-Mumbai office.
Working Hours: 9:30 AM IST - 6:30 PM IST
What will be my duties and responsibilities in this job?
Accounts Receivable Management

• Follow up with Sales/Ops for collections and invoice allocation details.
• Ensure all unapplied receipts are correctly allocated to respective invoices.
• Maintain and circulate AR ageing MIS to zonal heads.
• Track and resolve unallocated receipts in a timely manner.
• Monitor AR balances to ensure no CECL provision impacts the P&L.

Reporting & Compliance

• Maintain audit-ready documentation for all reconciliations and approvals.
• Ensure compliance with GST and internal financial controls.
• Support ad-hoc finance projects and process improvements

Handling reinsurance invoicing, accounting and claim reconciliation process
Process Automation & Improvement

• Identify manual steps in AR and invoicing workflows.
• Collaborate with IT to automate data extraction, reconciliation, and reporting.
• Drive implementation of tools, scripts, or dashboards to reduce manual effort.
• Document SOPs and train team members on new automated processes.

BS & P&L Reconciliation

• Perform monthly reconciliation of key Balance Sheet accounts (e.g., AR, accruals, advances).
• Reconcile P&L entries related to revenue, cost of sales, provisions, and adjustments.
• Investigate and resolve discrepancies, ensuring accurate financial reporting.
• Support audit and internal control requirements with proper documentation.

Sales data validation

• Download sales dump for the month from sales portal and need to confirm IT team about the sales policy count against each OEM

Costing file reconciliation

• Once IT gets confirmation on the policy count, they will start sharing the Demo costing Files for each OEM.
• Match policy count, policy numbers, subtotals, basic values, and invoice numbers with sales data.
• Share mismatch reports with IT for corrections.

Approval and Invoice Coordination

• Approve generation of actual costing and transaction statements (TS) post reconciliation.
• Share final TS and costing files with Sales team.

E-invoice template preparation

• Prepare e-invoice template for each client and ensure to create e- invoicing.
• Share the final GST invoices with sales team

What are the requirements needed for this position?
Education:

• College degree in accounting plus MBA Finance / semi qualified Chartered Accountant or equivalent designation required.

Experience:

• Minimum of 6-7 years of working experience in Accounting or Finance with MNC or insurance / service industry
• Effectively collaborating with different teams across different locations

Knowledge and Skills:

• Strong routine India related tax and related procedural compliance
• Excellent verbal and written communication skills
• Strong skills in Microsoft Office
• Ability to manage numerous deadlines and prioritize workload accordingly.
• Analytical Skills: Reconciliation, mismatch identification, reporting.
• Strong attention to detail
• Problem-solving and adaptability.

Skills Required