Job Description:A. Position OverviewPosition TitleAssistant ManagerDepartmentPayable AccountingLevel/ BandSr Executive / Assistant ManagerB. Role Summary (Please specify the few lines one the overall role expectation and delivery)The incumbent will be responsible for correct and timely payments to all vendors, employees as per company policy by effectively managing financial and operational risks. The incumbent will drive process standardization, internal financial controls compliance, risk assessments, and continuous improvement initiatives across functions, while ensuring regulatory adherence, audit readiness, and effective management reporting.C. Organizational RelationshipsReports toSenior ManagerSupervisesOutsource StaffD. Job DimensionsGeographic Area CoveredThane – HOStakeholders InternalAll Internal DepartmentsExternalAll External VendorsKey Result AreaDescriptionVendor & Employee PaymentsEnsure accurate and timely disbursement to vendors, employees, and petty cash.Advance ManagementProcess and monitor advances; ensure timely settlement of outstanding balances.Purchase Order (PO) TrackingTrack open POs and coordinate closure post service receipt.Team ManagementGuide and support the accounts payable team in processing and query resolution.Cost Centre AccuracyValidate cost centre allocations through report analysis.Month-End ClosureEnsure timely and accurate provision entries for financial closure.Expense Variance AnalysisAnalyse expense variances and report discrepancies.Dashboard & MIS ReportingPrepare and present dashboards for management insights.Recovery & ClearancePrepare salary recovery data and provide finance clearance for exits.Voucher ManagementOversee voucher tracking, storage, and retrieval.ReconciliationsPerform balance sheet and vendor payment reconciliations.Audit ComplianceResolve statutory and internal audit queries.E. Competencies (Please add relevant competencies .)G Skills RequiredTechnicalProficiency in SAP, Power BI, Advance Excel and MS power pointBehavioral *EssentialDesiredInterpersonal skills·Communication skills·Creative thinking skills·Supervising/Leadership skills·Teamwork Skills·Influencing skills·Relationship Building skills·Decision making skills·H Incumbent CharacteristicsEssentialDesiredQualificationCACertification course in AIExperience2 to 4 years of work experience in Accounts Payable preferably in BFSI sectorData Analytics using AIAbout Company:Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of Rs. 2,692 crore for the financial year 2019-20. For the same period, the 13th month persistency of the company was at 89.10% and, the individual death claims settlement ratio was 99.06%. One of the fastest growing companies in the Life Insurance sector, Tata AIA Life is now ranked at no. 5, based on individual weighted new business premium.
