Executive - Finance

Executive – Finance (Accounts Payable)

Union Assurance is a leading corporate and one of the fastest growing entities in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, Sri Lanka's largest conglomerate.

The Job Role:

The selected candidate will be responsible for processing payments in a timely and accurate manner, ensuring compliance with company policies, service level requirements, and delegated authority limits while supporting the Accounts Payable function.

Principle Accountabilities:

• Process invoices within delegated authority limits while ensuring accuracy and completeness of information.
• Perform necessary checks and verifications on vendor payments, agent incentives, employee payments, reimbursements, and claims before processing.
• Process payments to vendors, agents, and employees in a timely and accurate manner.
• Maintain positive relationships with vendors by addressing inquiries and resolving payment-related issues.
• Review and process claim-related payments after completing the required checks and verifications within approved authority limits.
• Reconcile accounts payable balances with vendor statements and investigate discrepancies.
• Prepare and analyze accounts payable reports, including aging reports, payment histories, and vendor spend analysis.
• Support the Life Operations team by resolving queries related to premium reversals and premium mismatches, escalating issues where necessary.
• Identify opportunities to improve accounts payable processes through automation and workflow enhancements.
• Ensure compliance with company policies, internal controls, and applicable laws and regulations related to payment processing

Qualifications and Experience

• Bachelor’s Degree in Accounting, Finance, or a related discipline from a recognized university or institute, or part qualification in CA, ACCA, or CIMA.
• Minimum 2 years of overall experience within the insurance industry
• Good understanding of Accounts Payable processes and payment operations
• Knowledge of accounting principles and standard
• Proficiency in Microsoft Office applications, particularly Excel
• Experience working with SAP or other ERP systems will be an added advantage.
• Strong analytical skills with excellent attention to detail.
• Ability to work independently, prioritize multiple tasks, and meet deadlines in a fast-paced environment.
• Strong communication and interpersonal skills with a customer-focused approach.
• A self-motivated individual with the ability to work effectively as part of a team.

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 30th September 2026