Executive – Finance Operations

Executive – Finance Operations

Union Assurance is a premier corporate entity and a fast-growing leader in the Life Insurance industry. We are backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka’s largest conglomerates.

The Job Role

The Executive – Finance Operations will manage the Accounts Payable (AP) function. This role involves overseeing invoice processing, managing vendor relationships, and ensuring the maintenance of meticulous financial records.

Principal Accountabilities

• Governance: Act as Secretary to the Spend Control Committee; ensure all payments (including CAPEX) align with the Manual of Financial Authority (MOFA), approved budgets, and procurement policies.

• Process Management: Develop and refine payment workflows for vendors, customer claims, agents, and employees to ensure accuracy and timeliness.

• Authorization: Review and process invoices based on delegated authority, ensuring all data is complete and accurate.

• Stakeholder Relations: Maintain positive vendor relationships, resolving inquiries and disputes efficiently.

• Banking & Payments: Oversee foreign and tax payments within agreed SLAs and liaise with banks to ensure seamless transaction processing.

• Internal Support: Address employee queries regarding reimbursements and salaries, and support the Life Operations team with premium-related inquiries.

• Reconciliation & Reporting: Oversee AP balance reconciliations against vendor statements; analyze aging reports, payment histories, and vendor spend data.

• Compliance & Risk: Manage vendor advances according to company policy, ensuring tax law compliance and mitigating the risk of duplicate payments.

• Audit & Quality: Conduct sample audits of invoice processing and highlight any discrepancies.

• Continuous Improvement: Identify opportunities to enhance the AP process through automation or workflow streamlining.

• Leadership: Lead, coach, and develop the Accounts Payable team through active performance management.

Qualifications and Experience

• Experience: Minimum of 3 years in a similar role (2–3 years within a Life Insurance company is a significant advantage).

• Education: Bachelor’s Degree in Accounting, Finance, or Management from a recognized university.

• Professional Qualification: Essential to be professionally qualified in CASL, ACCA, or CIMA.

• Technical Skills: Proficiency in SAP and MS Office; strong technical knowledge of accounting standards.

• Soft Skills: Excellent report-writing and communication skills.

• Industry Knowledge: Familiarity with current insurance reporting and operational standards.

How to Apply

The selected candidate will receive an attractive remuneration package. Interested applicants should submit their applications on or before 24th April 2026.

Union Assurance PLC Posted: 12 Apr 2026

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Company Name : Union Assurance