Job Description

• 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

• 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.

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

• Commerce Graduate, master’s degree in accounting or MBA Finance and Equivalent