AM - Post Merger Integration| M&A Integration| Bengaluru| Hybrid

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Must Have:

Solid experience in U.S. markets, M&A, Pre merger, Post merger integration, System Integration, process integration etc.

As TM of transactional Accounting Integration at one of the largest insurance brokerage companies globally, you will lead the charge in orchestrating the seamless transition of transactional accounting functions related to banking, cash application, special handling, payables, premium billing, and direct bill commission processing. This role requires a unique blend of transactional accounting expertise, insurance industry knowledge, and project management prowess to ensure a smooth integration process.

The TM - Transactional Accounting Integration will be critical in driving the successful integration of transactional accounting functions for one of the largest insurance brokerage companies globally, enabling operational excellence and sustainable growth.

Key Responsibilities Include:

1. Integration Planning and Strategy

   : Develop comprehensive integration plans for transactional accounting functions aligned with the company's strategic objectives and operational requirements. Collaborate with cross-functional teams to define integration milestones, timelines, and resource requirements.

2. Financial Impact Assessment

   : Conduct a thorough financial analysis to assess the impact of integration activities on banking, cash application, special handling, premium billing, and commission billing processes.  Work with respective NAC teams (AR, Billing, AP) to ensure a smooth transition with all the proper controls.

3. Special Handling

   : Manage the integration of special handling of all cash applications, direct bill commission posting, and premium or broker commission payables, ensuring compliance with the Corporate Finance Policy and industry standards. Implement robust controls and reporting mechanisms to monitor the movement of funds and mitigate fraud risk.

4. Cash Application and Reconciliation

   : Lead the integration of cash application processes.  Document special handling and ensure the AR team is well-versed.  Where possible, develop automated cash reconciliation procedures to enhance efficiency and accuracy, minimizing discrepancies and reducing manual intervention.

5. Payables Management for Premium, Commissions, and Claims

   : Streamline payables management processes for premium payments, commissions, and claims settlements, optimizing vendor relationships and payment terms. Develop standardized workflows and approval processes to enhance transparency and control over disbursements.

6. Premium Billing and Direct Bill Commission Billing

   : Oversee the integration of premium billing and direct bill commission billing processes, ensuring accuracy and timeliness in invoicing and commission payments. Collaborate with insurance carriers and brokers to reconcile premium accounts and commission statements, resolve discrepancies, and ensure compliance with contractual agreements.

7. Stakeholder Engagement and Communication

   : Serve as a critical liaison between accounting teams, business units, insurance carriers, brokers, and external partners throughout the integration process. Communicate integration objectives, progress updates, and potential risks to stakeholders, fostering collaboration and alignment.

8. Change Management and Training

   : Develop change management strategies to facilitate organizational readiness for the transition. Provide training and support to the various NAC transactional teams and operational staff on the integration's new processes, systems, and controls.