Senior Executive- Accounts

Senior Account  Executive - US

Building a global insurance safety net that is simple, easy to understand, and accessible to all. 
Micro Insurance Company (MIC) is a full-state technology focused insurance company. MIC has 
brought together sales, distribution, products and technology to focus on new insurance 
opportunities coming from the new digital economy for billions of people. MIC provides insurance 
to internet platforms, millions of micro & small businesses globally. At MIC, we are changing the 
insurance business. We are constantly working to create insurance policies that do exactly what 
insurance is supposed to do – provide a safety net to help people recover quickly from problems 
large and small. Over the last 300 years, insurance has not done such a great job of this, globally 
few people buy, and it’s seen as complicated, expensive, and untrustworthy. 
We are dedicated to changing this perception of insurance, and we are doing this through our 
actions. So far, we have issued over 3 million policies in 15 countries, and we are not slowing 
down anytime soon. We believe recovering from adversity should not be a privilege for only the 
wealthy and the few. To make insurance accessible, we are often required to solve complex 
problems. Every country we operate requires different solutions that are unique to that region. 
Thus, we have created and implemented many innovative financial services which are distributed 
through e-commerce partners and platforms, banks, mobile networks and mobile wallets. 
At MIC, we pledge to share our skills and ideas to enable other insurance companies to grow 
their own businesses and to reach more people. We believe together, we can reach 4 billion 
people.

Role Description:
We are seeking a dedicated and detail oriented Finance professional to join our finance team, 
supporting financial operations for a US entity. The ideal candidate should be a senior resource 
with 5–6 years of relevant experience, preferably in the insurance or reinsurance industry, and 
possess hands-on expertise in NetSuite. The role involves managing core finance functions 
including bookkeeping, accounts payable and receivable, treasury operations, payroll, and US 
tax compliances. Additionally, the candidate will play a key role in supporting month-end 
closures and preparing MIS reports, ensuring accurate record-keeping. 

Responsibilities 
Bookkeeping, Invoicing and Management Information Systems (MIS): 

~Financial Records: Maintain and update accurate financial records in the company’s accounting system, including ledgers, journals, and balance sheets.
~Invoicing: Prepare and raise premium invoices in line with signed contracts and Bordereaux shared,     record them in the ERP system, and actively follow up for collections. 
~MIS Reporting: Assist in the preparation of management reports and financial summaries using MIS tools to provide insights to management.

~Vendor Relations: Maintain accurate vendor records and manage relationships to facilitate smooth financial operations.
~Cash Management: Assist in managing cash flows and ensuring adequate liquidity for operational needs.
~Bank Transactions: Support in the processing and monitoring of bank transactions, including vendor payments, Interco receipts and payments.

Accounts Payable and Treasury Function: 
~Invoice Processing: Process vendor invoices, verify accuracy, and ensure timely payment in accordance with company policies.
~Statutory compliance: Collection of W9 from consultants and filing of form 1099

Payroll Compliances: 
~Timely remittance of statutory deductions like FIT, Social Security, Medicare, SIT, Local/City Tax, and SDI/PFL (state-specific) as applicable in US.
~Regulatory Reporting: Assist in preparing and submitting payroll compliance reports to regulatory authorities.

Tax Compliances: 
Tax Filings: Assist in preparing and filing of federal and state tax returns (1120, 
1140 & 1099), including payroll and sales tax filings ensuring compliance with US 
regulations.
Regulatory Updates: Stay updated with changes in tax laws and regulations to ensure 
ongoing compliance.

Audit Coordination: 
Audit Preparation: Prepare and organize financial documents and records for statutory 
audits in US.
Audit Support: Provide necessary data and reports to auditors and assist in responding 
to audit queries.

Additional Support: 
Group Accounts: Support in the preparation and consolidation of group financial 
statements as required.
Performing Inter company reconciliation, and preparation necessary 
schedules/workings for calculation of Interest

Requirements:
~Bachelor’s degree in finance, Accounting, Commerce, or a related field.
~5-6 years of experience in bookkeeping, accounts payable, treasury, compliance, or 
   related areas.
~Basic understanding of financial accounting regulations, including various applicable 
   tax laws required for US entities.
~Experience with NetSuite & Sage ERP systems and payroll processing tools.
~Familiarity with US audit processes and requirements.
~Excellent analytical and problem-solving abilities along with attention to detail and organizational skills.
~Effective communication skills, both written and verbal, with the ability to influence stakeholders at all levels of the organization.
~Ability to thrive in a fast-paced, entrepreneurial environment and manage multiple priorities effectively.

Benefits:
~33 days of flexible holidays in one year.
~Comprehensive health benefits package.
~Opportunities for professional development and career growth in a rapidly expanding 
startup environment.
~Flexible work arrangements and a collaborative company culture focused on innovation 
and excellence.