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DG Management Trainee - AR

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 DG Management Trainee - AR

Job Description

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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, 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.
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
Strong Cash operations knowledge in Credit Control, Treasury & bank Reconciliation and FP&A
Advanced user of Excel
Ability to act on own initiative
Must demonstrate a high level of self-motivation, energy and flexibility
Ability to handle multifaceted volumes of workloads and to reach targets and deadlines on a timely basis
Innovative and always looking for continuous improvement in order to develop succession plan for staff
Good communication skills, 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.

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Employement Category:

Employement Type: Internship
Industry: IT - Software
Role Category: Finance / Accounts / Tax
Functional Area: Not Applicable
Role/Responsibilies: DG Management Trainee - AR

Contact Details:

Company: Genpact India
Location(s): Noida, Gurugram

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₹ lt; Rs 50000 /Yr

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Genpact India

Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...