Management Trainee - Credit Control Accountant

Recruiter
Genpact
Location
India
Salary
Competitive salary
Posted
16 Sep 2020
Closes
17 Sep 2020
Ref
INS006387
Experience level
Qualified accountant
With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world's biggest brands-and we have fun doing it. Now, we're calling all you rule-breakers and risk-takers who see the world differently, and are bold enough to reinvent it. Come, transform with us.

Are you the one we are looking for?

We are inviting applications for the role of Management Trainee, Credit Control Accountant

In this role, PD/MT who has already worked in the Insurance Vertical with Strong Analytical skills (Preference would be given to a person having an understanding of Insurance Cash Application, Research and resolution of Aged Receivable balances, Communication with Underwriter/ Broker to resolve unmatched cash, Journal Entries).
Responsibilities
  • Understanding of Bank statements, remittances/ invoices from Brokers / Cedent.
  • Sound understanding of Facultative & Treaty Re-insurance business
  • Identification and recording of Incoming cash receipts for Re-Insurance Business - Different types of policies, Manual / Automated programs, Non-programs etc.
  • Should have experience and understanding of Surety Business (incoming & outgoing)
  • Perform and review multi-currency revaluations for foreign currency cash receipts.
  • Prepare journal entries for cash (incoming & outgoing) & Intercompany in accordance with company policy and generally accepted accounting principles.
  • Research and resolve open items for Bank reconciliations and coordinate with multiple stakeholders to provide a resolution.
  • Prepare internal reports for various stakeholders
  • Ensure key risks and issues relating to Cash applications are identified, documented, and communicated to the appropriate stakeholders and senior management in a timely manner.
  • Actively work towards streamlining of the Unreconciled Cash & build effective controls.
  • Actively work towards building deep domain depth in the team around Cash application for Property & Casualty Insurance & Re-Insurance Co.
  • Closely working with the Underwriting Assistance team to ensure Premium bookings and booking corrections
  • Qualifications we seek in you
    Minimum qualifications
    • B.Com with relevant work experience preferred.
    Preferred qualifications
    • Strong communication & analytical skills
    • Self-starter, with the ability to work under own initiative.
    • Must demonstrate a high level of self-motivation, energy and flexibility
    • Ability to handle varied volumes of workloads and to reach targets and deadlines on a timely basis
    • Innovative and always looking for continuous improvement
    • Good Communication skills
    • Analytically & Academically sound
    • Insurance/ Reinsurance Cash Application background would be an added advantage
    • Good Excel & Presentation skills

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