Pankaj Kumar

Experience

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  With Max New York Life Insurance Co. Ltd

  Aug 2006 - May 2007

  Executive

  Home Office) Gurgaon as Accounts Executive- Finance (Disbursement Team) on the role of; surendra and associates Responsibilities Regarding GO Accounts Payables of G O's (Employees T&E, Vendors Payment).Express Payment on Urgent basis.Payment within 5 days TATEmployee Business Exp Reimbursement (Domestic & International)

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  PepsiCo India Holding Private Limited (Fritolay Division)

  Jun 2007 - Feb 2008

  Accounts Executive

  CFA Claim Processing & Stockiest Claim Processing.Full & Final Settlement of CFA / Stockiest / Vendors. Vendor Payments & Sales Team (T&E) Processing. Lease Rental Processing. HO Control Account

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  Apollo Munich Health Insurance Company Limited

  Feb 2008 - Jun 2011

  Assistant Manager

  Preparing Bank Reconciliation Statement for Claim disbursement Account. Capitalize the Assets in Oracle Financial as per policy guidelines. Coordinate with branches for physical assets verification. If any difference is there then reconcile & match as per books. Preparing Asset Register on month end for calculating the depreciation. Improvement in existing processes & strengthening the internal controls and introduction of new processes (Viz., Reconciliation process, Payment processes) Ensure accurate and timely recording of financial transactions in books of accounts. Process Premium Refund in System & Prepare Cheques Finance receipts cancellation and handling queries related to mistakes in finance receipt creationMonthly reconciliation of premium cash ledger accounts and refund creditors accounts of all branches and clearance of pending entries Show less

• 

  Bharti Infratel Limited

  Jun 2011 - Mar 2012

  Senior Executive

  Over All Responsible For Capex & Opex Payments For Mp Assam & Nesa Circles And Leading A Team Of 8 Members Of Associates.Checking & Validation Of Invoices For Electricity & Diesel Payments With Rent Payouts For Mp And Assam & Nesa Circles. Vendor Reconciliation For 11 Circles (+2200 Vendors) As Per Abc Categories.Circulate Recon Status Dashboard To Management And All 11 Circles.Handle Monthly Provision Of Capex Liabilities And Circulate To Mis Team.

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  Apollo Munich Health Insurance Company Ltd.

  Aug 2012 - Dec 2019

  -Preparing Monthly premium register and report to IRDA in lines with IRDA standard.-Managing the banking relationship & collection. This involves monitoring/tracking of bank transactions pertaining to collections. -Involves in control on BRS entries & analyzing the delays on account of receipting & delayed credits.-Checking & verifying the claim reserve & IBNR files, received from claims and actuary functions. Analysing and added reinsurance entries & uploaded the complete financial entries in Oracle Financial. -Preparing Quarterly Public disclosures data and ensure the publication on website as per IRDA compliance.-Analysing and controlling on monthly TPA fees. Preparing monthly journal entries on accrual basis and book in oracle financial.-Helping in finalization of annual accounts & monthly closure of books of accounts and statutory reporting to IRDA. -Preparation of monthly MIS going to management analyzing various collection mode and charges on collections.-Manage refund payment to policy holders and branches petty cash disbursements activities.-Audit- Key point of contact during internal & statutory audits, ensuring the timely completion of annual audits to a satisfactory conclusion.-Ensured efficient implementation of processes. Show less

  • Manager

    Apr 2017 - Dec 2019

  • Associate Manager

    Aug 2012 - Mar 2017
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  StashFin

  Dec 2019 - Nov 2020

  Finance Manager

  Supervision and leading the team of bank reconciliation.Overall responsible for Co Lender's payout cycle, manage and resolve co lenders queries on payout.Collection and disbursement management; involves monitoring/tracking of bank transactions, review of unclear transactions.Managing a team for processing Vendor Payments& Sales Team (T&E) Processing.Manage payment posting process including verifying error and performing resolution.Ensure efficient implementation of company processes, resolve day to day accounting issues and coordinate with departments for the same Show less

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  Acko

  Apr 2021 - Oct 2021

  Manager MIS

  Preparation overall Monthly/Quarterly/Annual IRDAI reports i.e., BAP reporting and other compliance with regulators such as GIC.Preparation of statuary financial disclosure to be published on company website.Preparation of various adhoc reports as per the requirements received from the management or other regulatory authorities.

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  Canara HSBC Oriental Bank of Commerce Life Insurance Company

  Oct 2021 - now

  Finance Manager

  Managing of all policy holder payouts ( Refunds, Maturities, Annuities and Death Claims) Handling commission payouts to partners as well as shareholders. Taking care of various monthly schedulesDaily fund management in coordination with the treasury team. Month end procedures handling statutory, internal and CAG auditorsPreparation of monthly/quarterly/annual MIS