Senior Executive- Accounts

• Senior Account Executive - US
• Building a global insurance safety net that is simple, easy to understand, and accessible to all.
• Micro Insurance Company (MIC) is a full-state technology focused insurance company. MIC has
• brought together sales, distribution, products and technology to focus on new insurance
• opportunities coming from the new digital economy for billions of people. MIC provides insurance
• to internet platforms, millions of micro & small businesses globally. At MIC, we are changing the
• insurance business. We are constantly working to create insurance policies that do exactly what
• insurance is supposed to do – provide a safety net to help people recover quickly from problems
• large and small. Over the last 300 years, insurance has not done such a great job of this, globally
• few people buy, and it’s seen as complicated, expensive, and untrustworthy.
• We are dedicated to changing this perception of insurance, and we are doing this through our
• actions. So far, we have issued over 3 million policies in 15 countries, and we are not slowing
• down anytime soon. We believe recovering from adversity should not be a privilege for only the
• wealthy and the few. To make insurance accessible, we are often required to solve complex
• problems. Every country we operate requires different solutions that are unique to that region.
• Thus, we have created and implemented many innovative financial services which are distributed
• through e-commerce partners and platforms, banks, mobile networks and mobile wallets.
• At MIC, we pledge to share our skills and ideas to enable other insurance companies to grow
• their own businesses and to reach more people. We believe together, we can reach 4 billion
• people.

Role Description

• We are seeking a dedicated and detail oriented Finance professional to join our finance team,
• supporting financial operations for a US entity. The ideal candidate should be a senior resource
• with 5–6 years of relevant experience, preferably in the insurance or reinsurance industry, and
• possess hands-on expertise in NetSuite. The role involves managing core finance functions
• including bookkeeping, accounts payable and receivable, treasury operations, payroll, and US
• tax compliances. Additionally, the candidate will play a key role in supporting month-end
• closures and preparing MIS reports, ensuring accurate record-keeping.

Responsibilities

Bookkeeping, Invoicing and Management Information Systems (MIS)

• ~Financial Records: Maintain and update accurate financial records in the company’s accounting system, including ledgers, journals, and balance sheets.
• ~Invoicing: Prepare and raise premium invoices in line with signed contracts and Bordereaux shared, record them in the ERP system, and actively follow up for collections.
• ~MIS Reporting: Assist in the preparation of management reports and financial summaries using MIS tools to provide insights to management.
• ~Vendor Relations: Maintain accurate vendor records and manage relationships to facilitate smooth financial operations.
• ~Cash Management: Assist in managing cash flows and ensuring adequate liquidity for operational needs.
• ~Bank Transactions: Support in the processing and monitoring of bank transactions, including vendor payments, Interco receipts and payments.

Accounts Payable and Treasury Function

• ~Invoice Processing: Process vendor invoices, verify accuracy, and ensure timely payment in accordance with company policies.
• ~Statutory compliance: Collection of W9 from consultants and filing of form 1099

Payroll Compliances

• ~Timely remittance of statutory deductions like FIT, Social Security, Medicare, SIT, Local/City Tax, and SDI/PFL (state-specific) as applicable in US.
• ~Regulatory Reporting: Assist in preparing and submitting payroll compliance reports to regulatory authorities.

Tax Compliances

• Tax Filings: Assist in preparing and filing of federal and state tax returns (1120,
• 1140 & 1099), including payroll and sales tax filings ensuring compliance with US
• regulations.
• Regulatory Updates: Stay updated with changes in tax laws and regulations to ensure
• ongoing compliance.

A udit Coordination

• Audit Preparation: Prepare and organize financial documents and records for statutory
• audits in US.
• Audit Support: Provide necessary data and reports to auditors and assist in responding
• to audit queries.

Additional Support

• Group Accounts: Support in the preparation and consolidation of group financial
• statements as required.
• Performing Inter company reconciliation, and preparation necessary
• schedules/workings for calculation of Interest

Requirements

• ~Bachelor’s degree in finance, Accounting, Commerce, or a related field.
• ~5-6 years of experience in bookkeeping, accounts payable, treasury, compliance, or
• related areas.
• ~Basic understanding of financial accounting regulations, including various applicable
• tax laws required for US entities.
• ~Experience with NetSuite & Sage ERP systems and payroll processing tools.
• ~Familiarity with US audit processes and requirements.
• ~Excellent analytical and problem-solving abilities along with attention to detail and organizational skills.
• ~Effective communication skills, both written and verbal, with the ability to influence stakeholders at all levels of the organization.
• ~Ability to thrive in a fast-paced, entrepreneurial environment and manage multiple priorities effectively.

Benefits

• ~33 days of flexible holidays in one year.
• ~Comprehensive health benefits package.
• ~Opportunities for professional development and career growth in a rapidly expanding
• startup environment.
• ~Flexible work arrangements and a collaborative company culture focused on innovation
• and excellence.