Jubilee Life Insurance

Senior Finance Officer – Accounts Payable

Karachi (PK)
Rs. 50,000 to Rs. 60,000
11 Oct 2021
11 Nov 2021
Approved employers
Approved employer
Job role
Contract type
Full time
Experience level
Qualified accountant

Jubilee Life Insurance is looking for:

Title: Senior Finance Officer – Accounts Payable

Department: Finance & Accounts

Location: Karachi

Education: MBA Finance / ACCA

Experience:  3 to 5 years of industry experience in Accounts Payable section using Oracle Financial ERP systems.

Job Responsibilities

  • Communicate with staff and other departments to address inquiries and resolve issues.
  • Manage Accounts payable section work- flow effectively.
  • Verify and process all disbursement of insurance claims, vendors payments, employee reimbursements and ensure that these are in line with company policy, delegation of financial power and other statutory laws.
  • Verify and ensure all expenses of different line of business are recorded in correct Fund, Location, Cost centers and Natural account.
  • Ensure all disbursements are processed within TAT.
  • Perform month end closing of accounts payable and timely coordinated with other sections and departments for recording of financial data in system.
  • Prepare and record month end accruals and provisions.
  • Prepare schedule s of Prepayment, Prepaid Expenses, Sundry receivable, Payable to supplier, payable to employee and other /sundry creditors on each month.
  • Analysis of monthly expenses and report to management with rational.
  • Review and approve all un-posted payments and transactions prior to payments being processed in order to manage cash flow.
  • Monitoring of Sales and Marketing expense of banks and ensure that the expenses are in line of SECP bancassurance guideline.
  • Prepare revenue expenditure projections for future years.


  • Minimum Qualifications must be MBA Finance or ACCA
  • Proficiency in Ms. Office (especially in MS Excel)
  • Must have experience of using Oracle Financial ERP systems
  • Strong communication and Interpersonal skills.

Applications received which do not fulfil the above requirements will not be considered.

Interested candidates can send their CVs to john.savio@jubileelife.com latest by 31st October 2021. Please mention ‘Senior Finance Officer – Accounts Payable’ in the email subject.

More searches like this