Job Description: 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.• Sound Knowledge of query management, Notice of cancellantion, Collections & billing centre • 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
- Strong accounting skills to understand the accounting treatment for corrections/errors.
Coordination with multiple lines of business for any open items or account related queries or follow-ups
Responsibilities: 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.• Sound Knowledge of query management, Notice of cancellantion, Collections & billing centre • 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
- Strong accounting skills to understand the accounting treatment for corrections/errors.
Coordination with multiple lines of business for any open items or account related queries or follow-ups
Minimum Experience:
- Accounting Graduate with 7+ 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.
- Capable of working with tight deadlines and lead closure of open items
- Ability to analyse complex information, trends, etc. and work on resolving any data anomalies.
- 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)
- Proficiency in English
- Data gathering ability/ Eye for detail.
- Teamwork/ Managing Self / Adaptability
Ability to work on routine/standardized processes.
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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
