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Revenue Accountant

KBZ MS

Revenue Accountant

KBZ MS
Recruiter active 14 hours ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Full Time
Verified This job has been verified by the company as a real job vacancy.
31 Jan 2020

Experience level

Experienced Non-Manager

Job Function

Accounting, Finance

Min Education Level

Bachelor Degree

Job Description

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.

Open To

Male/Female

Job Requirements

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.

What We Can Offer

Benefits

Performance Bonus
Yearly Increment
Traveling Allowance
Overtime Payments

Highlights

Yearly Increment
Traveling Allowance
Overtime Payments

Career Opportunities

Training Provided
Learning new things on the job
Promotion Opportunities

About Our Company

* Established in September 2012 as part of KBZ Group of Companies under the name of IKBZ Insurance Co. Ltd., KBZ MS is the first officially licensed private insurance provider in Myanmar. The minimum paid-up capital is (40) billion Kyats which is equivalent to (26.4) million USD. In November 2019, IKBZ Insurance entered into a joint venture with Japanese insurance giant MSI and took on the new name of KBZ MS.


* We have a presence in Nineteen (19) Cities with twenty-one (21) branches including Yangon, Mandalay, Nay Pyi Taw, Taunggyi, Pyay, Pathein, Sittwe, Magway, Meikhitlar, Pakkouku, Monywa, Kalay, Myitkyinar, Lashio, Bago, Mawlamyine, Myeik, Myingyan and Tachileik.


* Our products cover the full range of general insurance needs from motor insurance to property, fire, shipping and health insurance for individual and groups.


* KBZ MS is always committed to providing the best service to our customers, implementing Global Standards in Operations and Corporate Governance, ably assisted by our qualified staff and professional agents.


* Headquartered in Yangon, KBZ MS has an extensive network, backed by KBZ Group with many thousands of Insurance customers across Myanmar. Using International Management Methods, Technology and Marketing to expand our customer base, we are “Insurance You Can Rely On” and our 24 Hours Customer Contact Center Service will ensure your peace of mind.

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