Associate Manager- Finops

Job Title: Associate Manager - Financial Operations

Location: Bangalore

Position Overview:
We are looking for an Associate Manager to oversee the Financial Operations for Insurance
Business, focusing on accounts receivable and revenue process automation. This role is
essential for ensuring accurate and efficient financial operations and enhancing revenue
management through technology and process improvements. The ideal candidate will play a
critical role in invoicing, collections, and reconciliation, as well as leading automation and
process streamlining initiatives.

Key Responsibilities:

1. Financial Operations & Accounts Receivable
o Oversee end-to-end accounts receivable (AR) processes, including invoicing,
collections, and reconciliation, ensuring timely and accurate processing.
o Monitor AR aging reports and work to minimize DSO (Days Sales
Outstanding) by optimizing the collection processes.
o Maintain effective credit assessments and support strong client relationships
to ensure prompt payments and effective dispute resolution.
o Monitor and perform reconciliations for settlements on a daily basis.

2. Revenue Reconciliations
o Prepare monthly reconciliations and resolve discrepancies between billing
and revenue records.
o Develop, analyze, and present revenue and AR reports, providing actionable
insights into trends, variances, and financial risks.

3. Revenue Automation & Process Improvement
o Lead revenue automation initiatives, identifying opportunities to streamline
billing, invoicing, and AR processes.
o Collaborate with IT and other departments (both internal and external) to
implement tools and systems to automate and enhance revenue workflows.
o Drive process improvement initiatives that ensure scalability, accuracy, and
efficiency in revenue recognition and accounts receivable functions.

4. Cross-Functional Collaboration
o Work closely with internal departments as well as with insurers to support
accurate revenue reconciliations.

5. Reporting & Analysis
o Develop and maintain KPIs for AR, revenue, and automation effectiveness,
providing insights to senior management.
o Monitor financial performance, identify opportunities for improvement, and
recommend strategies to optimize revenue and AR efficiency.

o Deliver regular financial reports on revenue, AR aging, and automation
impact, summarizing findings and recommendations.

Qualifications:

 Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a
related field; advanced degree (MBA, MFin) preferred.
 Experience: 5 years of experience in financial operations, with expertise in accounts
receivable, revenue recognition, and automation processes, preferably in the
insurance or financial services industry.

Skills:

o Experience with financial ERP systems, automation tools, and proficiency in
Excel.
o Strong communication skills, with the ability to work collaboratively across
functions.
Preferred Qualifications:
 Experience in implementing revenue automation tools or robotic process automation
(RPA).
 Familiarity with insurance industry billing practices and regulatory standards.