Insurance Accounting

Insurance Broker Accounting (IBA):

• Process and allocate incoming cash receipts accurately across client and insurer accounts.
• Follow up with clients, brokers and insurers on outstanding balances and support timely collections.
• Review bank statements, remittance details and payment records to identify and match receipts.
• Investigate and resolve unidentified cash, allocation differences, short or excess payments and other account exceptions.
• Perform insurer statement reconciliations and resolve unmatched or disputed items.
• Prepare insurer payment schedules, remittance details, bordereaux reports and supporting calculations.
• Support month-end activities by clearing open items, validating balances and maintaining accurate financial records.
• Maintain process documents, trackers and audit-ready supporting records.
• Coordinate with internal teams and external stakeholders to resolve queries and ensure smooth financial operations.
• Follow IBA accounting standards, client money controls and agreed quality, SLA and KPI requirements.

Required Qualifications:

• B.COM, M.COM, MBA Finance, or equivalent commerce/finance qualification
• 0-12 months of experience in accounting, finance operations, or internship/project exposure in a related area
• Good understanding of accounting basics, journal entries, reconciliations, Excel, and financial data accuracy
• Good communication, problem-solving ability, attention to detail, and willingness to learn insurance broking finance processes
• Working knowledge of MS Office, especially Excel; ability to prepare simple reports, trackers, and client-ready updates
• Ability to work in a team, manage multiple tasks, follow process controls, and meet quality and timeline expectations