Genpact Hiring for AM-OTC at Hyderabad, Telangana Full Time

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. We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We’re harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we’re calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing., People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. Welcome to the relentless pursuit of better.

Inviting the applications for the role of Assistant Manager – Cash Applications

In this role, you will be responsible to Work closely with and within Property & Casualty Insurance Finance operations management team.

Responsibilities

Daily Liquidity management for cash funding

IC loan, G&A and capital contribution settlement with other platforms

Actual cash analysis on platform and consolidation on group level

Counter party risk management for platform and group

Preference share dividend Interest payment and booking of long term debt

Corporate credit card booking and reconciliation from cash side.

Review collection reports to determine the status of collections and balances outstanding to ensure compliance with the Credit & Collection policy.

Managing queries, statement, invoices and premium remittance via finance email box.

Daily bank transaction download to update cash log file and allocate them as per details

Post documentation receipt further assess status of KYC refresh as per ‘gap’ letter and further coordinate for missing documents

Review claims workflow for claim payment processing

Booking claims payment including proportional claims

Premium and claims matching in system

Non-claims payment and booking as provided by other department

Review journal entry and posting in system

Payments authorization on bank website as first approver

Age receivables including follow-up comments on outstanding premium

Unmatched & unallocated premium initial follow-up with broker and underwriters

Bank reconciliation for all bank accounts.

Accountable to connect with account payable and account receivable teams for open items.

Show open items in summary sheet with follow-up comments

Discussion with department head on current year expense forecast and next year planning

Creation of planning template for 30 cost center based on gathered information

Monthly follow-up meeting with department heads (DH) on future changes

Encouraging information in group planning template and send to group planning team for review

Seek and make changes as per group planning team

MI expense template update on quarterly basis

Provide commentary on variances for QTD and YTD numbers

Circulation of plan vs actual expense report to DH

Seek queries send by DH

Maintain and update employee benefit allowance tracker

Qualifications we seek in you

Minimum Qualification

B.Com Graduate

Preferred Qualification

Excellent Cash operations knowledge in Credit Control, Treasury & bank Reconciliation and FP&A

Excellent knowledge of MS-Excel and MS-Word knowledge

Ability to act on own initiative!

Must demonstrate a high level of self-motivation, energy and flexibility

Ability to handle high volumes of workloads and to reach targets and target on a timely basis

Innovative and always looking for continuous improvement in order to develop succession plan for staff

Excellent interpersonal, verbal and written communication skills (in English)!

Exercises good judgement on day to day business problems and provides recommendations for solving course correction

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.

JobAssistant Manager

Primary LocationIndia-Hyderabad

ScheduleFull-time

Education LevelBachelor’s / Graduation / Equivalent

Job PostingMay 8, 2023, 5:23:49 AM

Unposting DateOngoing

Master Skills ListOperations

Job CategoryFull Time