Management Trainee - Credit Control Accountant

Recruiter
Genpact
Location
India
Salary
Competitive salary
Posted
07 May 2021
Closes
11 May 2021
Ref
INS007502
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 MT, US Credit Control

This role involves working as a Credit Control Accountant within Insurance Finance operations management team.

Responsibilities
1.Understanding of Bank statements, remittances/ invoices from Brokers.
2.Identification and recording of Incoming cash receipts for Insurance Business - Different types of policies, Manual / Automated programs, Non-programs etc.
3.Should have experience and understanding of Surety Business (incoming & outgoing)
4.Perform and review multi-currency revaluations for foreign currency cash receipts.
5.Prepare journal entries for cash (incoming & outgoing) & Intercompany in accordance with company policy and generally accepted accounting principles.
6.Research and resolve open items for Bank reconciliations and coordinate with multiple stakeholders to provide a resolution.
7.Prepare internal reports for various stakeholders
8.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.
9.Actively work towards streamlining of the Unreconciled Cash & build effective controls.
10.Actively work towards building deep domain depth in the team around Cash application for Property & Casualty Insurance Co.

Qualifications we seek in you!

Minimum Qualification
• B.Com Graduate

Preferred Qualification
1.Exposure to Insurance & Reinsurance Cash application & Domain knowledge.
2.Strong Analytical skills
3.Self-starter, with ability to work under own initiative.
4.Must demonstrate a high level of self-motivation, energy and flexibility
5.Ability to handle varied volumes of workloads and to reach targets and deadlines on a timely basis
6.Innovative and always looking for continuous improvement
7.Good Communication skills
8.Analytically & Academically sound
9.Insurance/ Reinsurance Cash Application background would be an added advantage
• Knowledge of Commercial and specialty Insurance operation and ability to balance varied volumes of workloads and to reach targets and deadlines on a timely basis
• Understanding of Life cycle of Insurance company
• Must demonstrate a high level of self-motivation, energy and flexibility
• Innovative and always looking for continuous improvement and Self-starter, with ability to work under own initiative.
• Excellent Interpersonal and MS Office Skill
• Insurance/ Reinsurance Cash Application background would be an added advantage
• Good Excel & Presentation skills

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