Executive – Finance Operations

Executive – Finance Operations

Company: Union Assurance PLC

Union Assurance is a leading corporate and one of the fastest-growing entities in the Life Insurance industry, backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka’s largest conglomerates.

The Job Role

The Executive – Finance Operations is responsible for managing the accounts payable function. This includes overseeing the end-to-end processing of invoices, managing critical vendor relationships, and maintaining meticulous financial records to support the company’s strategic growth.

Principal Accountabilities

Governance & Spend Control

• Committee Leadership: Act as the Secretary to the Spend Control Committee, ensuring all payments (including capital expenditure) align with the Manual of Financial Authority (MOFA), approved budgets, and procurement practices.

• Process Development: Design and refine payment workflows for vendors, customer claims, agents, and employee reimbursements to ensure accuracy and timeliness.

• Audit & Compliance: Conduct sample audits of invoice processing to highlight discrepancies and ensure total adherence to company policies and tax laws.

Payment Operations

• Invoicing: Review and process invoices based on delegation authority, ensuring all information is complete and accurate.

• Specialized Payments: Oversee foreign currency transactions and tax payments within agreed Service Level Agreements (SLAs).

• Banking Liaison: Coordinate with banking partners to facilitate smooth payment processing and cross-check the accuracy of payments to bank channel partners.

Stakeholder & Vendor Management

• Relationship Management: Maintain professional relationships with vendors, resolving inquiries, disputes, and discrepancies regarding statement reconciliations.

• Internal Support: Address employee queries regarding salaries and reimbursements, and provide technical comments to the Life Operations team on premium reversals or mismatches.

Reporting & Optimization

• Financial Analysis: Update and analyze accounts payable reports, including aging reports, payment histories, and vendor spend analysis.

• Continuous Improvement: Identify opportunities to enhance the accounts payable process through automation and workflow streamlining.

• Leadership: Lead, coach, and train accounts payable associates to maintain a high-performing team.

Candidate Profile

Qualifications & Experience:

• Education: Bachelor’s Degree in Accounting, Finance, or Management from a recognized university.

• Professional: A professional qualification in CASL, ACCA, or CIMA is essential.

• Experience: Minimum of 3 years of experience in a similar role. 2–3 years of experience specifically within a Life Insurance company is a distinct advantage.

Technical Skills & Competencies:

• Systems: Proficiency in SAP and the MS Office suite (specifically Excel).

• Knowledge: Deep technical understanding of accounting standards and current insurance reporting/operations.

• Communication: Excellent report-writing and interpersonal skills to manage diverse stakeholders.

• Mindset: Strong attention to detail with the ability to manage advances and tax compliance to mitigate financial risk.

Remuneration & Application

The selected candidate will be entitled to an attractive remuneration package.

How to Apply: Interested applicants are encouraged to submit their applications on or before 24th April 2026.

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