Job Description

Loss Adjustment Expense Assistant

Department: Accounting & Finance

Employment Type: Permanent - Full Time

Location: Pune

Key Responsibilities

• Reconcile incoming payments against expected receipts, funding schedules, and internal records
• Review payment activity to identify variances, timing differences, or discrepancies
• Coordinate and schedule fund requests in accordance with contractual terms, forecasts, and funding calendars
• Prepare and submit funding requests to insurers or clients
• Track the status of scheduled fund requests to ensure timely funding and receipt
• Communicate funding requirements, payment activity, and reconciliation results to senior management
• Maintain detailed records of payments, reconciliations, and funding transactions
• Assist with month‑end close activities related to payment reconciliation and funding
• Support cash flow tracking and reporting by providing accurate payment and funding data
• Investigate and resolve payment discrepancies or funding issues in collaboration with internal teams
• Ensure compliance with internal controls, approvals, and documentation requirements

Skills, Knowledge and Expertise

• Bachelor’s degree in commerce, accounting, finance, or related field.
• 2-3 years’ relevant experience in insurance industry and having exposure to LAE accounting and reporting
• Previously worked in a shared services environment.
• Advanced Excel skills
• Excellent IT skills in use of Microsoft tools (PowerPoint, Word etc.)
• Knowledge of financial accounting, process, and systems. Working knowledge of ERP’s
• Knowledge of the insurance industry, able to read and understand schedules of insurance/mud maps/insurance tower placements
• Desirable, knowledge of Loss Adjustment Expense (LAE)
• Strong analytical and problem-solving skills. Analytical Thinking - acquiring a proper understanding of a problem or situation by breaking it down systematically into its component parts and identifying the relationships & linkages between processes.
• Demonstrable ability to multi-task and prioritize with excellent organization and documentation skills in a fast-paced, dynamic work environment.
• Capable of working collaboratively and independently with minimal supervision
• Knowledge of UK, US and Canadian GAAP an advantage but not essential.
• Relevant experience with at least 2 years working in insurance industry within shared services
• Knowledge of the insurance industry, able to read and understand schedules of insurance/mud maps/insurance tower placements
• Excellent written and verbal communication skills, ability to articulate complex information.
• Excellent working knowledge of Microsoft Excel including lookups, pivot tables, sumif (s) /countif (s), etc.
• Attention to detail, and accurate fact-based interpretation.
• Ability to set clear priorities and objectives