AM – GL Accounting & Controls

A Leading Life Insurance Company is seeking a detail-oriented AM – GL Accounting & Controls to join its finance department. In this pivotal role, you will be responsible for managing the general ledger, ensuring accurate financial record-keeping, and maintaining robust internal controls. Furthermore, you will oversee the monthly closing process and lead the reconciliation of key balance sheet accounts. Consequently, this position is vital for ensuring the integrity of the company’s financial statements and audit readiness.

The AM – GL Accounting & Controls must ensure that all accounting practices align with the latest Ind AS and IRDAI guidelines. Additionally, you will work closely with internal and external auditors to resolve queries and improve financial workflows. Therefore, the company is looking for a professional with a strong background in financial reporting and control frameworks. If you are a motivated accountant with a passion for accuracy, this AM – GL Accounting & Controls role offers a premier professional path.

Key Responsibilities

• Manage the end-to-end General Ledger (GL) accounting process and ensure accurate data entry.
• Lead the monthly and quarterly financial closing activities to meet strict reporting timelines.
• Perform detailed reconciliations of bank accounts, inter-company balances, and GL accounts.
• Ensure strict adherence to internal control over financial reporting (ICFR) frameworks.
• Prepare financial schedules and provide support for the preparation of statutory financial statements.
• Liaise with auditors to provide necessary documentation and resolve accounting queries.
• Monitor suspense accounts and ensure timely resolution of any accounting discrepancies.
• Implement process improvements to automate accounting tasks and enhance control efficiency.
• Ensure compliance with GST, TDS, and other relevant tax and regulatory requirements.
• Maintain comprehensive documentation for all accounting policies and control procedures.

Requirements and Qualifications

• CA Inter, M.Com, or MBA in Finance.
• 3 to 5 years of experience in GL accounting, preferably in the life insurance sector.
• Strong knowledge of accounting standards (Ind AS) and financial control concepts.
• Proficiency in ERP systems (such as SAP or Oracle) and advanced MS Excel.
• Excellent analytical skills and a high degree of technical accuracy.