Manager - Compliance & Financial Operations

About the job

Job Description / Key Responsibilities • Oversee domestic insurance and reinsurance compliance, including management of receivables, payables, and timely policy renewals, with involvement in overseas health policies as a reinsurer. • Maintain end-to-end control over receivables, payables, and financial reconciliations, ensuring accuracy, timely closure, and compliance with internal and regulatory standards. • Design and manage a brokerage recovery mechanism, achieving a significant reduction in outstanding payment turnaround time from over 9 months to under 3 months. • Lead financial reporting, budgeting, forecasting, and MIS preparation to support strategic planning and business performance evaluation. • Track and interpret domestic and international regulatory updates, ensuring full compliance with insurance and reinsurance requirements. • Coordinate with insurance companies across Gujarat for payable processing, reconciliations, renewals, and operational execution. • Partner with internal and external auditors, prepare audit schedules and documentation, and ensure timely and accurate audit closure. • Conduct financial analysis to identify trends, assess risks, and recommend cost-optimization and operational efficiency initiatives. • Drive process improvements in accounting and operations through automation, reconciliation strengthening, and workflow optimization. • Collaborate with cross-functional teams to manage claims, policy endorsements, and client queries with a focus on accuracy and turnaround time. • Oversee field administration and operational activities, ensuring effective documentation control and smooth daily operations. • Ensure compliance with internal policies, regulatory frameworks, and statutory requirements across all financial and operational functions. • Maintain structured records, reports, and documentation to support audits, compliance, and operational transparency. • Enable interdepartmental coordination and issue resolution, ensuring timely completion of deliverables. • Demonstrate clear, professional communication with clients, insurers, auditors, and internal stakeholders. • Foster team discipline, accountability, and collaboration, contributing to overall operational excellence.

Requirements

• Insurance
• Reinsurance
• Financial operations
• Compliance
• Audit coordination
• Financial analysis
• Process improvement
• Stakeholder management
• Communication skills
• Leadership skills

Qualifications

• Bachelor's degree in relevant field
• 8–10 years of relevant experience in insurance, reinsurance, insurance brokerage, or financial operations

Preferred Technologies

• Insurance
• Reinsurance
• Financial operations
• Compliance
• Audit coordination
• Financial analysis
• Process improvement
• Stakeholder management
• Communication skills
• Leadership skills