Assistant Manager -Finance Operations

Assistant Manager – Finance Operations


Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka's largest conglomerates. For the 9th consecutive year, the company has received the GPTW certification as a ‘Best Employer Brand,' and in 2020 was awarded the ‘Global Employer Brand’ by the World HRD Congress.


The Job:


The role holder will be responsible for non-permanent agent’s commission payments and related inquiries, loan management on long outstanding loans and coordinate with SFA team for recovery purpose. Also the candidate is responsible for disbursement account commission payment control account reconciliation's prepares claims payable and expenses reconciliations and coordinate with life operation team to check the accuracy of the claims payable values.


Principal Accountabilities:


  • Responsibile for the agent’s commission, incentive payments and related inquiries.
  • Carry out the Audit on monthly commission, incentive payments and SAP posting
  • Compiling financial reports and supervising month-end processes
  • Managing and monitoring metrics, KPI tracking, and reports for the financial operation department.
  • Evaluate the financial performance and provide time to time analysis to management
  • Providing training to staff members regarding financial processes
  • Prepare claim reconciliations on monthly basis
  • Review Finance Operation related other reconciliations
  • Closely working with both internal and external auditors


Candidate Profile:


  • Minimum five years experience in a similar role 
  • 2-3 years’ experience in Life Insurance Company will be an added advantage.
  • Bachelor's Degree in Accounting / Finance / Management from a recognized university.
  • Professional qualification in CASL/ACCA/CIMA is essential
  • Proficiency in financial planning software such as MS Office and SAP
  • Technical knowledge on accounting standards.
  • Excellent report-writing and communication skills
  • Knowledge on current Insurance reporting and operations


The selected candidate for the above position will be entitled to an attractive remuneration package. Applicants who are interested are encouraged to apply on or before 14th February 2024.

Union Assurance PLC
1 Feb 2024