The purpose of the role is to ensure accurate accounting and payment of expenses to vendors and employees, ensure that the necessary policy compliance, intern control requirements and the inherent risks are appropriately addressed in all expense processing. The role also needs to take care of proper booking and control over fixed assets of the organization, necessary tax compliance in all the transaction processing and ensuring that all the related account balances for the area is appropriately reconciled.

• Payments operations including disbursal to employees and vendors.

• Managing employees transaction across various locations

• Expense review including MIS to senior management

• Automation & process improvements including reducing manual interventions, improve vendor experience and implementing tight control over payments processing.

3) Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

• A Comprehensive Incentivized Wellness Program that will attract the young and health conscious and will motivate, guide and reward them to stay healthy
• A Chronic Care Management Program to cater to the unmet needs of a growing Indian population of those suffering from chronic lifestyle conditions like Diabetes, Asthma, High Cholesterol and Hypertension from Day 1
• ABHICL serves as an enabler and influencer of health and healthcare choices that customers make, in addition to being a payer of healthcare expenses. Thus, ABHICL would act like a much needed catalyst to grow the prevalent health insurance landscape in India through product innovations and a wider choice of consumer relevant products.
• ABHICL’s vision has always been digital. The company has been successful in adopting paper-less approach right from identifying to on-boarding to delivering seamless experience of its customers & employees.

• Processing and ensuring all payment is made for authorized goods and services only with proper approval,
• Processing timely payments processing for Vendor payouts, Utility payments,
• Petty cash management- Managing petty cash for all branches (approx. 60) & timely transfer of Petty cash disbursals across all the branches within TAT,
• Identify opportunities for improving the efficiency of the process.
• Resolving exceptions in a timely manner,
• Coordination with various function for clearing their outstanding queries
• Resolving escalations for all queries from vendors and Branches,
• Constant TAT management,
• Documentation for Internal control over financial reporting (ICFR),
• Physical verification of assets and matching with Books
• Meeting vendors / employee expectation on terms of timely payments and sharing of necessary details across different locations and geographies
• Strict control as per organizational FDOA to ensure no leakages
• Audit and other reporting requirements amidst intensive transaction processing environment

• Ensuring that posting of invoice as checker for vendor payments is done with accuracy in correct GL code and cost center on daily basis
• Ensuring that the processors of invoice comply with defined SLA
• Ensuring the queries desk responds to the queries raised in relation to the Invoices and vendor payment on time,
• Ensure that necessary controls are built in system to ensure compliance with Internal Control and FDOA to reduce manual dependence.
• Prepare Monthly dashboard to highlight the team performance to the Unit Head.
• Handling of internal and stat audit for the related areas
• Definition of standard SLAs with vendor payments
• Ensuring compliance with Procurement policy and approval matrix
• Ensuring smooth closure of Internal, Statutory & Tax Audits without any material observation and as per prescribed time limit.

• Ensuring that the internal functions are informed appropriately for sharing expenses provisions
• Necessary Expense analysis should be done on a monthly basis
• Expense tracking and publishing of functional expenses

• Managing Petty cash for all branches.
• Ensuring branch should get the fund on time in compliance with internal control.
• Tracking of expenses on a monthly basis.

6) Relationships: Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type

Frequency

Nature