Job Description

Urgently hiring for one of the Glass manufacturing Industry-

Job Profile-Insurance Accounting

Job Location-Bhopal

Gender-Only Male

Qualification-Must be graduate

Experience-3 to 4 yrs

Salary-15000-25000 per month

Job Type-Permanent

Responsibilities of an Insurance Accountant-

These accountants are essential for the financial health of an insurance agency or brokerage. Their expertise helps cover essential accounting operations, allowing you to focus on client relationships and sales.

Compliance Management -

Their expertise ensures that the insurance agency adheres to regulatory standards and accounting principles. Adherence to this compliance is crucial for your company's integrity and legal standing. Hiring accountants specialized in insurance helps agencies navigate complex regulations confidently, minimizing the risk of non-compliance

Records Maintenance -

Proper record-keeping is essential for maintaining a clear view of a business's operations and financial health. Insurance accountants not only ensure comprehensive records but also manage the documentation of claims received from carriers to independent agents and brokers. This method leads to better decisions and offers insights for increased efficiency and profit.

Fraud Detection and Prevention -

These types of accountants are essential for spotting and stopping fraudulent transactions. They conduct bank reconciliations and audits to ensure the absence of unethical activities and verify books of accounts to detect discrepancies or missed entries.

Commission Processing -

They ensure agents' commissions are calculated correctly based on their sales. They monitor commission structures to confirm all rates and bonuses are applied. They also verify that sales reports align with commission payments to maintain accuracy. Timely payments keep agents motivated and build trust in the agency.

Payroll Management -

Accountants manage payroll for all staff within the agency or brokerage. They ensure salaries, bonuses, and benefits are calculated accurately and paid promptly. They also track employee hours and overtime to ensure compliance with labor laws. This efficient handling keeps business owners and employees satisfied and focused on serving clients effectively.

Risk Assessment and Cash Flow Management -

Accountants analyze data to identify potential risks associated with a company's operations, including exposure related to professional liability insurance. They keep a close eye on the company's accounting to make sure it can meet its obligations.
Job Types: Full-time, Permanent

Pay: ₹15,000.00 - ₹22,000.00 per month

Work Location: In person