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Job Summary:
- Knowledge of OTC/AR, accounting/Cash applications, and communication skill.
- Daily task of receiving cash, applying cash to correct policies, research for unapplied cash,
- Reporting and resolving open items with Onshore billing partners.
- Handling premium cash application for different lockboxes, (Like wire, ACH)
- Managing Year, Month and quarter end expectation with stringent timelines
- Daily/monthly account and balance sheet reconciliations, research & analysis
- Prepare/extract reports and investigate accounting issues
Key Accountabilities:
- Meet the timeliness and accuracy parameters of cash applications
- Effective communication with onshore/offshore partners
- Prior experience to work on excel and email writing
- Flexible to work in Night shifts/Overtime as per the business requirement
Responsibilities
Primary Role & Responsibility
Job Summary:
- Knowledge of OTC/AR, accounting/Cash applications, and communication skill.
- Daily task of receiving cash, applying cash to correct policies, research for unapplied cash,
- Reporting and resolving open items with Onshore billing partners.
- Handling premium cash application for different lockboxes, (Like wire, ACH)
- Managing Year, Month and quarter end expectation with stringent timelines
- Daily/monthly account and balance sheet reconciliations, research & analysis
- Prepare/extract reports and investigate accounting issues
Key Accountabilities:
- Meet the timeliness and accuracy parameters of cash applications
- Effective communication with onshore/offshore partners
- Prior experience to work on excel and email writing
- Flexible to work in Night shifts/Overtime as per the business requirement
Minimum Experience
- Accounting Graduate with 2+ years of Finance and accounting experience in Cash applications and month close
- Comprehension skills – should be able to read, interpret business documents
- Ability to analyse complex information, relate and compare data from different sources and identify cause and effect relationships
Technical Skills
- Knowledge of MS Office (Excel, Word, etc.), Internet and E-mail writing, Workday
Soft Skills
- Ability to handle and communicate as per the requirement (written and verbal)
Desirable Skills
- Knowledge about the Insurance Industry in US
Product/Process Specific
- Self-disciplined and result oriented
- Knowledge of Premiums allocation
- Ability to multi task
- Ability to work effectively as part of a team
- Strong analytical skills
- Attention to detail – especially during transaction processing
Qualifications
- Commerce Graduate and Equivalent