Account Full Time NEW

Industry: Insurance Broking

Location: Mumbai

We are looking for a highly competent Accounts & Compliance Professional (preferably a practicing Chartered Accountant) to independently manage the end-to-end financial, regulatory, and compliance framework of our Insurance Broking business.

Key Responsibilities:

1. Accounting & Financial Management

• Complete responsibility for books of accounts (Tally/ERP)

• Finalisation of accounts (Monthly / Quarterly / Annual)

• Preparation of Financial Statements – Balance Sheet, P&L, Cash Flow

• Ledger scrutiny, reconciliations, and closing processes

• Revenue recognition as per broking norms

• Expense tracking and cost control

2. Statutory Compliance

• GST compliance – Returns, reconciliation, audit support

• TDS / Income Tax – Returns, payments, 26Q/24Q filings

• ROC compliance – Annual filings, board resolutions, statutory registers

• Professional Tax, Labour Laws (if applicable)

• Ensuring adherence to all applicable tax and corporate laws

3. Insurance Regulatory Compliance (Critical)

• Compliance with IRDAI regulations applicable to Insurance Brokers

• Maintenance of regulatory records and reports

• Preparation of periodic returns/filings required by IRDAI

• Handling inspections, notices, and regulatory queries

• Ensuring brokerage accounting and client fund handling compliance

4. Audit & Assurance

• Handling Statutory Audit, Internal Audit, and Tax Audit

• Coordination with external auditors and consultants

• Preparation of schedules, audit data, and explanations

• Closure of audit observations and reporting

5. Banking & Fund Management

• Bank reconciliations and fund tracking

• Monitoring client receipts, insurer payments, and brokerage flows

• Cash flow planning and working capital management

6. MIS & Reporting

• Monthly MIS reports for management

• Business performance analysis

• Budgeting and variance analysis

• Financial insights to support decision-making

7. Process & Control

• Setting up internal financial controls

• Ensuring proper documentation and record keeping

• Identifying risks and implementing control mechanisms

Candidate Profile:

• Chartered Accountant (Practicing preferred) / Semi-qualified with strong experience

• Minimum 3–7 years of relevant experience (Insurance / Financial Services preferred)

• Strong knowledge of GST, TDS, ROC, and IRDAI compliance

• Hands-on experience in finalisation and audits

• Ability to work independently and take ownership