Insurance Reconciliation and Close Policy Specialist Adviser

The mandate

The finance-operations review keeps asking when a reconciliation exception is sufficiently understood to permit close and when it must remain an explicit unresolved risk. Different reviewers use different thresholds, causing both unnecessary delay and unsupported acceptance. The specialist adviser will challenge the policy and evidence standards for agreed insurance-service balances, not become the finance director or approve accounts.

Four days monthly are reserved for sample review, a reviewer calibration session and attendance at the finance-operations meeting. That meeting is included. Questions receive acknowledgement within two working days and a practical written opinion within four where records are supplied. The retainer does not provide continuous close cover or an emergency approval service.

Reviewer-policy advice runs for six months from 19 October 2026. The governance lead may renew it when case evidence shows that further calibration is needed. This specialist has no line authority and carries no executive responsibility for the close; finance owners retain those obligations. Reviewers retain their approval signatures and must record whether they accept or reject the advice.

The sponsor provides anonymised reconciliation cases, existing policy and the delegated approval register. The adviser will distinguish ageing, missing evidence and genuine judgement rather than suggest that every old item is automatically wrong. Recommendations should be specific enough for a reviewer to use during close, with examples of acceptable support and escalation triggers.

Other specialist work is allowed, but a competing insurance-service retainer, provider interest or involvement in assurance over the same balances may create a conflict and must be disclosed. Statutory opinions, regulatory representation and staff-performance management are excluded. The scope matches a practitioner who knows close evidence deeply without requiring unsupported board-adviser or enterprise-finance authority.

What you will own

• Test exception policy against sampled premium and commission reconciliations, pressing reviewers to explain the evidence that supports closure or continued unresolved classification.
• Challenge blanket ageing rules that ignore the underlying cause, advising where an old supported timing item differs from a recent unexplained balance.
• Shape reviewer examples that distinguish sufficient documentation from superficial attachments, making the accounting question and the required approval route visible.
• Examine delegated thresholds for practical usability, identifying where a reviewer lacks either source access or authority to make the decision the policy assumes.
• Press process owners to retain unresolved-item reasoning across periods, so repeated carry-forward does not erase the original evidence gap or accountable resolution owner.
• Review calibration results for inconsistent conclusions, advising where additional training or a policy clarification is needed without directing individual staff performance.
• Record specialist opinions and limitations in a policy note, leaving every close approval and accounting judgement with the authorised internal reviewer.

Candidate qualifications

• Show direct experience reviewing reconciliations and close exceptions in insurance services or a comparable recurring accounting environment. Explain an item whose age did not determine its risk and the source evidence that led to your conclusion.
• Demonstrate technical finance competence at controller or specialist level. Candidates should describe how a premium, commission or analogous balance was supported, what accounting-policy question remained and whose authority was needed before closure.
• Provide an example of calibrating reviewers through real cases. Explain why two reviewers differed, how the policy or evidence standard changed and how the revised guidance was tested without replacing their approval responsibility.
• Evidence practical advisory boundaries and conflict disclosure. Show how a specialist opinion remained separate from accounting sign-off, how confidential records were protected and how concurrent work was assessed for competing interests.
• Be able to produce guidance that users can apply during a close, including clear examples, escalation triggers and recorded limitations. The four-day monthly commitment must be sustainable; broad CFO experience, statutory audit-signing rights and board membership are neither required nor implied by this narrowly scoped engagement. Bring a reviewer example showing how an unresolved balance was retained without losing its original cause.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 13 October 2026. Mandate reference PCT-ADV-2026-IND-08.