AVP/ DVP

Job Description

Title: AVP/ DVP

Company Name: Islami Insurance Bangladesh Limited

Vacancy: --

Age: 30 to 45 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 5 years
• The applicants should have experience in the following business area(s): Insurance

• Graduation/Post Graduation

• At least 5 years
• The applicants should have experience in the following business area(s): Insurance

• Age 30 to 45 years

• Strong knowledge of accounting principles and financial reporting.

• Knowledge of insurance and reinsurance accounting.

• Good understanding of taxation and statutory compliance.

• Strong analytical and numerical skills.

• Good knowledge of MS Excel and accounting/ERP software.

• Attention to detail and accuracy.

• Ability to meet strict reporting deadlines.

• Problem-solving and reconciliation skills.

• Good communication and interpersonal skills.

• Leadership and team-management capability.

• High level of integrity, confidentiality and professional ethics.

Job Level Management Grade

Company/Department: Finance & Accounts

Job Description/Responsibility (At least three must be given)

• Maintain accurate and complete books of accounts of the

• Company.

• Record all financial transactions relating to insurance business and corporate operations.

• Maintain the General Ledger, subsidiary ledgers, journals, cash books and bank books.

• Ensure proper accounting of premium income, salary, claims, reinsurance transactions, investments, operating expenses and other income.

• Perform periodic reconciliation of general ledger and subsidiary accounts.

• Ensure timely closing of monthly, quarterly, half-yearly and annual accounts.

• Maintain proper supporting documents and audit trails for all financial transactions.

• Account for gross written premium, premium receivable, premium refunds and cancellations.

• Account for reinsurance premiums, commission, recoveries, claims and outstanding balances.

• Provide financial information to the Board, Management and relevant Board Committees.

• Assist in preparation of the Company's Annual Report.

• Ensure compliance with applicable insurance laws, regulations, rules, circulars and regulatory reporting requirements.

• Prepare and submit financial and regulatory statements within prescribed deadlines.

• Maintain records required by the insurance regulatory and other statutory authorities.

• Coordinate with regulatory authorities, external auditors and other relevant bodies as required.

• Prepare financial MIS for Management and the Board.

• Provide information on premium income, claims, expenses, receivables, investments, cash flow and profitability.

• Prepare branch-wise and business-segment-wise financial analysis.

• Provide timely financial information for decision-making.

• As per Company’s Service rules