Department: Accounting & Finance
Location: Pune
Description
Reporting to the Team Lead, this position will support LAE general accounting operations, including managing incoming payments, funding schedules, investigating variances, coordinate fund schedules and requests, reconciliations, month end, support cashflow tracking, etc.
Key Responsibilities
Reconcile incoming payments against expected receipts, funding schedules, and internal records
Review payment activity to identify variances, timing differences, or discrepancies
Coordinate and schedule fund requests in accordance with contractual terms, forecasts, and funding calendars
Prepare and submit funding requests to insurers or clients
Track the status of scheduled fund requests to ensure timely funding and receipt
Communicate funding requirements, payment activity, and reconciliation results to senior management
Maintain detailed records of payments, reconciliations, and funding transactions
Assist with month‑end close activities related to payment reconciliation and funding
Support cash flow tracking and reporting by providing accurate payment and funding data
Investigate and resolve payment discrepancies or funding issues in collaboration with internal teams
Ensure compliance with internal controls, approvals, and documentation requirements
Skills, Knowledge And Expertise
Bachelor’s degree in commerce, accounting, finance, or related field.
2-3 years’ relevant experience in insurance industry and having exposure to LAE accounting and reporting
Previously worked in a shared services setting.
Advanced Excel skills
Excellent IT skills in use of Microsoft tools (PowerPoint, Word etc.)
Knowledge of financial accounting, process, and systems. Working knowledge of ERP’s
Knowledge of the insurance industry, able to read and understand schedules of insurance/mud maps/insurance tower placements
Desirable, knowledge of Loss Adjustment Expense (LAE)
Strong analytical and problem-solving skills. Analytical Thi
📌 Loss Adjustment Expense Assistant (Pune)
🏢 Davies
📍 Pune