Duties and Responsibilities Reconcile cash counter/sales report against bank statements and cash balances on daily basis. Analyze the variances in reported revenue and taking corrective actions where necessary. Coordinate with branch cashier and clear un-reconciled items. Record premium returns and insurance cancellation as per Commercial/Operation Department reports. Verify calculation of agent commission from commercial department and prepare payment voucher including journal entry for accrual. Reconcile monthly/quarterly/annual report for all premium revenue, stamp, and premium return reports from Operation and Custer service departments. Check usage of stamps thru confirmation and count. Verify Outward Co-Insurance, Refund, Bank agent commission, other agent of payment voucher. Review and record credit vouchers of branch premium revenue. Clear all Temp and Unknown banking balance. Identify status of each case and resolve immediately. Regular coordination with banks to resolve issues on unknown banking and other information on depositor’s detail. Calculate of Unearned premium based on IBRB regulation and IFRS. Liaise with internal and external auditor on all audit procedures concerning revenue. Prepare daily/monthly/annual revenue report, analysis and reconciliation. Preparation of journal entries of all transactions involving revenue accounting and reconciliation of revenue related Balance Sheet and P&L accounts. Perform timely and accurately monthly, quarterly, and annual financial closing activity.
Qualification • Degree in Accounting/ Management or part qualifications in equivalent professional accounting Qualification like CA / CIMA / CMA• Experience in Revenue Accounting or 2-5 years experience preferably in billing and accounting.• Knowledge of IFRS 4 & 17• Familiarity with Financial industry specially insurance would be an added advantage.
Performance BonusYearly IncrementTraveling AllowanceOvertime Payments
Yearly IncrementTraveling AllowanceOvertime Payments
Training ProvidedLearning new things on the jobPromotion Opportunities
IKBZ currently underwrites both life and general insurance products through IKBZ Life Insurance and IKBZ Insurance Co Ltd respectively. Established in 2013, IKBZ Insurance Co. Ltd., part of KBZ Group of Companies, is the first officially licensed private insurance provider in Myanmar. With 20 branches nation-wide and over 750 dedicated employees, IKBZ is proud to provide "Insurance You Can Rely On". IKBZ's products cover the full range of insurance needs from life and health insurance to property, fire, shipping and auto insurance to long term savings structures and most recently education insurance. Delivered in a spirit of loving kindness, courage and determination, IKBZ aims to improve the quality of life in Myanmar by delivering the right insurance solutions for the all.