The Programme
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.
What You Will Do
- 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 shares 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, statements, 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 assesses the 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 brokers 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 centers 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 sent by DH.
- Maintain and update employee benefit allowance tracker.
Required Skills and Abilities
Minimum Qualifications:
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 plans 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.
About Us:
Genpact is a global professional services and solutions firm delivering outcomes that shape the future.
Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients.
Powered by our purpose - the relentless pursuit of a world that works better for people - we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.