Finance Operations Banking Assistant Manager - Union Bank Job Vacancies 2024

Closing Date: 2023-12-24

Finance Operations Banking Assistant Manager – Union Bank Job Vacancies 2024

Available Vacancies:

Applications are invited

Finance Planning and Analysis Banking Assistant Manager

Organization: Union Bank

Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka’s largest conglomerates. For the 9th consecutive year, the company has received the GPTW certification as a ‘Best Employer Brand,’ and in 2020 was awarded the ‘Global Employer Brand’ by the World HRD Congress.

The Job:

The role holder will be responsible for non-permanent agent’s commission payments and related inquiries, loan management on long outstanding loans and coordinate with SFA team for recovery purpose. Also the candidate is responsible for disbursement account commission payment control account reconciliation’s prepares claims payable and expenses reconciliations and coordinate with life operation team to check the accuracy of the claims payable values.

Principal Accountabilities:

Responsibile for the agent’s commission, incentive payments and related inquiries.
Carry out the Audit on monthly commission, incentive payments and SAP posting
Compiling financial reports and supervising month-end processes
Managing and monitoring metrics, KPI tracking, and reports for the financial operation department.
Evaluate the financial performance and provide time to time analysis to management
Providing training to staff members regarding financial processes
Prepare claim reconciliations on monthly basis
Review Finance Operation related other reconciliations
Closely working with both internal and external auditors

Candidate Profile:

Minimum five years experience in a similar role
2-3 years’ experience in Life Insurance Company will be an added advantage.
Bachelor’s Degree in Accounting / Finance / Management from a recognized university.
Professional qualification in CASL/ACCA/CIMA is essential
Proficiency in financial planning software such as MS Office and SAP
Technical knowledge on accounting standards.
Excellent report-writing and communication skills
Knowledge on current Insurance reporting and operations