Lead Assistant Manager - Billing & Collections
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
- Commerce Graduate, master's degree in accounting or MBA Finance and Equivalent
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.
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
