Job Description
Empowering you to protect the future of families !
Accounts Associate
Join with BIMA and partner with our vision to protect future of families In the world. In BIMA, you will experience disruptive technology and Business models bring benefits of health services to people who are under-served. In a culture of respect, you will work with a friendly and supportive team of people who always inspire you to be extraordinary.
BIMA OVERVIEW
At BIMA (MILVIK) we believe in showing up every day with the intent of making a difference to the lives of over 25 million people in emerging markets. We’re an international organisation innovating the digital health space and we achieve this by working together with passion and commitment to our work
We build products our customers love and need. Joining BIMA at this stage provides an opportunity for you to truly help us become a global fast-growing product, data and technology focused company. Our people are our greatest asset and we are as diverse as our customers. With us you have opportunities to grow, develop and deliver real impact in a company where innovation, diversity and respect are at the heart of our culture
- LOCATION: Colombo 6
- REPORTS TO: Head of Finance
- TYPE: Full-time, permanent
THE ROLE
BIMA Sri Lanka is hiring an Accounts Associate, Broker Operations to manage the accounting and reconciliation of the insurance broking business of BIMA Sri Lanka Insurance Broker.
The post records broker revenue, reconciles premiums, reconciles and releases broker commission, and coordinates finance matters with underwriters and customers. It works alongside the Senior Executive, Finance Operations & Tax and the other members of the finance team.
RESPONSIBILITIES
- Broker revenue records: Record broker business revenue; raise B2B tax invoices, income invoices and debit notes; invoice broker commission to underwriters in the agreed format; maintain the revenue working file; prepare the revenue template and post revenue journals
- Premium reconciliation: Verify premiums as they are received; reconcile broker business premiums against policy and cover files; follow up differences with underwriters and customers; transfer collected premium to underwriters on the agreed dates and send premium remittance advices
- Commission reconciliation and release: Reconcile commission due against underwriter statements and collected premium; follow up short or late commission; confirm commission before it is released and recorded; keep a running commission schedule for month end
- Debtors and receipts: Update the debtor ageing report every week; follow up overdue balances with customers and underwriters; record receipts and settle debtors in the accounting system; reconcile debtor balances to the ledger
- Underwriter and customer coordination: Be the finance contact for underwriters and customers on invoices, premium, commission and settlement queries; send remittances to underwriters once payments are processed; carry out other broker business finance tasks; support month-end schedules and audit queries on broker revenue and receivables
THE CANDIDATE
- Qualification: Part-qualified or qualified in AAT, CMA, ACCA, CIMA or CA Sri Lanka; or a degree in accounting or finance
- Experience: At least 2 to 3 years in accounting, preferably in insurance broking, insurance or financial services (TCP/IP, Wi-Fi)
- Technical: Premium and commission reconciliation; invoicing and debit notes; debtor ageing and receipting; basic VAT knowledge for invoices
- Systems: Dynamics or a similar ERP; advanced Excel (lookups, pivot tables, reconciliations)
- Behaviours: Detail-oriented and persistent in following up differences; clear communication with underwriters and customers; meets month-end and remittance deadlines; handles confidential financial information with integrity
Please visit https://bima milvik.com/ to learn more about BIMA, our team and the success and impact we’ve had so far.
Please send a CV and tell us why you would like to work in BIMA to:
30 – 3/1, Galle Road, Colombo 6
