Accounts Receivable Manager

Job Title : Accounts Receivable Manager - Brokerage Recovery

Department : Finance & Accounts

Location : Hyderabad

Reporting To : Head of Operations

About Insugo Insurance Broking Pvt Ltd:

Insugo is a leading insurance broking company committed to simplifying risk management and insurance solutions for individuals and businesses. We partner with leading insurers to deliver value, transparency, and service excellence across all lines of insurance.

Role Objective:

To ensure timely recovery of brokerage from insurers, maintain accurate reconciliation of accounts, and support smooth financial operations through proactive follow-ups and record management.

Key Responsibilities:

• Follow up regularly with insurance companies for pending brokerage payments and statements.
• Maintain insurer-wise brokerage reconciliation statements and ensure timely updates.
• Track policy issuance, endorsement, and brokerage receivable timelines.
• Identify and resolve discrepancies between Insugo and insurer records.
• Coordinate with internal sales, operations, and finance teams for accurate data flow.
• Prepare and circulate periodic brokerage recovery status reports.
• Escalate long-pending or disputed cases to management for resolution.
• Maintain documentation and audit trails for all receivables and communications.
• Support finance team in month-end closing and MIS preparation.

Required Skills & Competencies:

• Strong understanding of insurance brokerage and accounting processes.
• Proficiency in MS Excel and reconciliation tools.
• Attention to detail and analytical mindset.
• Excellent communication and follow-up skills.
• Ability to coordinate with multiple stakeholders (insurers, sales teams, and accounts).

Qualifications & Experience:

• Bachelors degree in Commerce, Accounting, Finance, or related field.
• 24 years of experience in accounts receivable, preferably in an insurance broking or financial services environment.
• Familiarity with insurer portals and brokerage statements is an added advantage.

Key Performance Indicators (KPIs):

• % Brokerage Recovery achieved vs. target.
• Timeliness of reconciliations and reporting.
• Reduction in outstanding brokerage beyond 60/90 days.
• Accuracy of records and audit compliance